SOLD
Sold on 19 Apr 2024 for $500,000

43 Rainbow Street
Biloela QLD 4715

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1019m2
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Property Details for 43 Rainbow St, Biloela

Building Type
Commercial
Land Size
1019m2
Local Government
Banana Shire
Lot/Plan
1/RP604550

Last Listing description (July 2024)

Position your business here.

This commercial property is located on the corner of Gladstone Road (Dawson Highway section) and Rainbow Street and enjoys high customer visibility.

The central Queensland regional town of Biloela is located at the junction of the Dawson and Burnett Highway with the city of Gladstone 120* kilometres to the north-east and the city of Rockhampton 145* kilometres to the north.

Real property Description is Lot 1 on RP604550, 1,019 square metres, zoned commercial, tenure freehold, 40* metre frontage to Gladstone Road (Dawson Highway).

Former electrical contracting business with retail showroom and warehouse. Adjacent to commercial building is a modern low set residence.

The 240* square metre commercial building has 10* metre frontage and 24* metre depth. Concrete block external walls, glass frontage to the retail section, personal access doors and roller doors on the side, gable roof on steel portal frame with I beam supports.

Showroom across the front on the building, depth 4.7* metres, adjoining office and kitchen. Separate male and female toilets.

Customer parking is available at the front of the property and also onsite.

Further expansion and development opportunity with removal of the residence.

Inspections by appointment.

Property History for 43 Rainbow St, Biloela, QLD 4715

A timeline of how this property has performed in the market
Last Sold
$500,000
19 Apr 2024
Listed for Rent
12 Sep 2022
  • 19 Apr 2024
    Sold for $500,000
  • 01 Dec 2022
    Listed for Rent $36,000 / year
  • 22 Aug 2022
    Listed for Rent - Price not available
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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 2,905 properties. Over the last 5 years, Houses in Biloela have seen a 67.28% increase in median value, while Units have seen a -48.01% decrease. As at 30 September 2024:

  • The median value for Houses in Biloela is $296,145 while the median value for Units is $187,540.
  • Houses have a median rent of $370 while Units have a median rent of $290.
There are currently 33 properties listed for sale, and 2 properties listed for rent in Biloela on OnTheHouse. According to CoreLogic's data, 175 properties were sold in the past 12 months in Biloela.

Suburb Insights for Biloela 4715

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Contact agent
Mark Simpson
Show contact details
Ray White Biloela
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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.