SOLD
Sold on 26 Sep 2024 for $390,000

12 Melton Street
Biloela QLD 4715

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 296m2
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Property Details for 12 Melton St, Biloela

Building Type
Commercial
Land Size
296m2
Local Government
Banana Shire
Lot/Plan
426/B74433

Last Listing description (September 2024)

Located in a sought-after area of town, 12 Melton Street boasts a prime location next to Drakes Supermarket, directly across from the Biloela Library and Church. Divided into three separate shops with a total underroof area of 187.18m2 approx., this versatile premises offers endless potential for investors or business owners alike. Each shop has 2 toilets and plenty of client parking directly out the front of the premises. There are 3 parking spaces at the rear of the property.
Current tenants include insurance, health and beauty services, showcasing the diverse range of possibilities for this space.
Shop 1:

- Hair Salon
- Monthly Rent: $830.00 per month (GST not applicable)
- Lease: Periodic
- Sqm Under roof: 48.18m2 approx.
Shop 2:
- Massage and Kinesiology
- Monthly Rent: $1,052.55 per month (GST not applicable)
- Lease: Periodic
- Sqm Under roof: 66m2 approx.
Shop 3:
- Insurance Brokers
- Monthly Rent: $1200.00 per month (GST not applicable)
- Lease: 3 year + 3 year options with 3% rises annually
- Sqm Under roof: 73m2 approx.
With its strategic location and established tenancy, 12 Melton Street presents a lucrative investment opportunity. Don't miss your chance to capitalise on this prime commercial space in the heart of Biloela. Contact us today for further details and to arrange a viewing.
Council Rates: $4,035 per half year approx.
Insurance: $3,735 per year approx. (due for renewal September 2024)

Property History for 12 Melton St, Biloela, QLD 4715

A timeline of how this property has performed in the market
Last Sold
$390,000
26 Sep 2024
  • 26 Sep 2024
    Sold for $390,000
  • 11 Jun 2024
    Listed for Sale $410,000

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About Biloela 4715

The size of Biloela is approximately 17.6 square kilometres. It has 17 parks covering nearly 7.8% of total area. The population of Biloela in 2011 was 5,884 people. By 2016 the population was 5,770 showing a population decline of 1.9% in the area during that time. The predominant age group in Biloela is 0-9 years. Households in Biloela are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Biloela work in a trades occupation. In 2011, 57.3% of the homes in Biloela were owner-occupied compared with 57.5% in 2016.

Biloela has 2,903 properties. Over the last 5 years, Houses in Biloela have seen a 78.40% increase in median value, while Units have seen a -43.72% decrease. As at 31 October 2024:

  • The median value for Houses in Biloela is $303,893 while the median value for Units is $228,722.
  • Houses have a median rent of $370 while Units have a median rent of $290.
There are currently 31 properties listed for sale, and 2 properties listed for rent in Biloela on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Biloela.

Suburb Insights for Biloela 4715

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.