12 Melton StreetBiloela QLD 4715
Property Details for 12 Melton St, Biloela
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:
- 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
- 26 Sep 2024Sold for $390,000
- 11 Jun 2024Listed for Sale $410,000
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0About 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 2,907 properties. Over the last 5 years, Houses in Biloela have seen a 84.62% increase in median value, while Units have seen a 18.34% increase. As at 30 November 2024:
- The median value for Houses in Biloela is $320,322 while the median value for Units is $237,010.
- Houses have a median rent of $370 while Units have a median rent of $290.
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