91 Coulson StreetBlackbutt QLD 4314
Property Details for 91 Coulson St, Blackbutt
Last Listing description (November 2023)
Burgess Rawson and Commercial Collective are pleased to offer to the market this medical centre at 91 Coulson Street, Blackbutt QLD for sale via Investment Portfolio Auction 165.
The property has the following investment highlights:
+ Highly sought-after medical leased asset class
+ Landlord friendly net lease, tenant responsible for all usual outgoings including council rates, water rates, insurance and single holding land tax
+ Attractive annual rent increases (greater of CPI or 2.5%) ensuring strong income growth
+ Substantial 1,012 sqm* corner landholding offering 15 valuable on site car spaces
+ High exposure dual street frontage of 66 metres* to Coulson Street and Pine Street
+ Longstanding medical history: business operating in Blackbutt for 23+ years
+ 2013 purpose built medical centre includes Blackbutt Pharmacy and QML Pathology who have over 500 clinics throughout QLD and Northern NSW
+ Blackbutt Medical Centre has a long history within the town and features 6 doctors with no competition in the immediate vicinity
+ Easily managed single tenant investment, allowing interstate or overseas ownership
+ South Burnett: thriving region supporting over 317,500 residents, with a GRP of $14.89b in 2022**
+ Healthcare and Social Infrastructure is the most productive industry within the region, contributing over $1.75b to the economy in 2022**
+ Significant potential tax depreciation benefits, being built new in 2013
+ Net Income: $130,000 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 7 December 2023
The Hilton, Brisbane
Please contact the exclusively appointed sales team for more information.
*Approx.
** Profile.ID
Property History for 91 Coulson St, Blackbutt, QLD 4314
- 07 Dec 2023Sold for $2,150,000
- 09 Nov 2023Listed for Sale Price on Request
- 08 May 2022Sold for $1,100,000
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About Blackbutt 4314
The size of Blackbutt is approximately 7.9 square kilometres. The population of Blackbutt in 2011 was 1,055 people. By 2016 the population was 842 showing a population decline of 20.2% in the area during that time. The predominant age group in Blackbutt is 60-69 years. Households in Blackbutt are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Blackbutt work in a labourer occupation. In 2011, 69.9% of the homes in Blackbutt were owner-occupied compared with 68.5% in 2016.
Blackbutt has 593 properties. Over the last 5 years, Houses in Blackbutt have seen a 113.82% increase in median value, while Units have seen a 88.13% increase. As at 31 July 2024:
- The median value for Houses in Blackbutt is $384,222 while the median value for Units is $108,918.
- Houses have a median rent of $380.
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