102 Woongarra Scenic DriveBargara QLD 4670
Property Details for 102 Woongarra Scenic Dr, Bargara
Last Listing description (July 2024)
Savvy investors will always be looking to build upon their investment portfolios with solidly constructed, strategically located bricks and mortar commercial premises that provide a consistent income stream and assured capital growth. 102 Woongarra Scenic Drive is that investment vehicle that provides all those things in abundance.
Sitting on a 904m2 freehold block and with 3 shops totalling approximately 320m2 under roof, this super investment is in a superb location. Being directly at the entrance point to Carlyle Gardens, one the Bundaberg Region's most popular retirement villages, the address itself beckons location, convenience and value.
With secure and successful tenants anchoring the long term lease arrangements and providing a Net Return of 5.68% this is better than money in the Bank. The current returns being:
Shop 2; Currently $44,963.40 per annum plus GST. Expires 31/8/27 with 5% annual increase, plus 2 x 5 year options.
Shop 3; Currently $13,009.92 per annum expires 31st Dec 2023. Tenant is signing committing to a lease which has been accepted as 5years, plus 2 x 5 years options.
Rates: $5,778.66 per half year.
Insurance: $5,065.00 per year.
In uncertain times, bricks and mortar investments of this type and in this location provide financial strength and security. Unlike bank deposits, for which the returns here exceed in any case, owners derive and maintain the safety of the original investment and enjoy the ongoing income stream from the happy and content tenants.
Inspection is by private appointment only for duly qualified buyers. Please contact your Exclusive Listing Agent Greg McMahon on 0414 518 315 or greg@ascot.net.au for a pre-arranged viewing.
*Whilst every endeavour has been made to verify the correct details in this marketing neither the agent, vendor, or contracted illustrator takes any responsibility for any omission, wrongful inclusion, mis-description, or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent. Any information that is intended to be relied upon should be independently verified*
Property History for 102 Woongarra Scenic Dr, Bargara, QLD 4670
- 06 Dec 2023Sold for $1,200,000
- 17 Aug 2023Listed for Sale $1,400,000
- 06 Feb 2012Sold for $445,000
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0About Bargara 4670
The size of Bargara is approximately 9.3 square kilometres. It has 33 parks covering nearly 13.8% of total area. The population of Bargara in 2011 was 6,893 people. By 2016 the population was 7,461 showing a population growth of 8.2% in the area during that time. The predominant age group in Bargara is 60-69 years. Households in Bargara are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bargara work in a professional occupation. In 2011, 60.7% of the homes in Bargara were owner-occupied compared with 63.9% in 2016.
Bargara has 4,951 properties. Over the last 5 years, Houses in Bargara have seen a 104.41% increase in median value, while Units have seen a 95.42% increase. As at 31 October 2024:
- The median value for Houses in Bargara is $797,971 while the median value for Units is $651,290.
- Houses have a median rent of $600 while Units have a median rent of $545.
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