SOLD
Sold on 31 Jul 2024 for $4,630,000

75-83 Burnett Highway
Biloela QLD 4715

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 9531m2
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Property Details for 75-83 Burnett Hwy, Biloela

Building Type
Commercial
Land Size
9531m2
Local Government
Banana Shire
Lot/Plan
1/RN1538

Last Listing description (July 2020)

This large 40 room motel sits on the Burnett Highway on the entrance to the town of Biloela, a very busy centre in central Queensland.
The motel enjoys consistent trade and high occupancy and offers a range of accommodation from motel rooms, studio rooms and cabins that offer self-contained accommodation.
The Biloela Countryman Motel is showing great year-on-year returns with a very healthy net profit in excess of $600k and the experienced staff are keen to help the new owner with the transition




- 40 rooms, all different configurations
- Strong bottom line
- Mix of motel and self-contained cabins on a very large block
- Town has a diverse range of industries
- Large owners accommodation
- Property inspections are by appointment only

Property History for 75-83 Burnett Hwy, Biloela, QLD 4715

A timeline of how this property has performed in the market
Last Sold
$4,630,000
31 Jul 2024
  • 31 Jul 2024
    Sold for $4,630,000
  • 26 Nov 2020
    Sold for $2,600,000
  • 18 Dec 2019
    Listed for Sale $3,850,000
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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 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 30 properties listed for sale, and 1 property 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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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.