PROPERTY SHOWING 15.5% GROSS RETURN Owner has retired and is looking to move on. Covering three blocks of land with 150 metre frontage this huge complex sits on prime real estate in Blackwater the Coal Capital of Central Queensland. Right on the Capricorn Highway and approximately 76 klms east of Emerald and only 200 klms west of Rockhampton convenience for your tenants / customers is assured. Neighbouring properties include Red Rooster, MacDonalds and Black Diamond Motel. Comprising offices, shops - upstairs / downstairs, sheds plus cottage with modern facilities, pergola area, carport and surrounded by tranquil garden setting an astute business person will see this opportunity immediately.
The size of Blackwater is approximately 657.3 square kilometres. It has 15 parks covering nearly 0.3% of total area. The population of Blackwater in 2011 was 5,100 people. By 2016 the population was 4,751 showing a population decline of 6.8% in the area during that time. The predominant age group in Blackwater is 30-39 years. Households in Blackwater are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Blackwater work in a machinery operators and drivers occupation. In 2011, 36.2% of the homes in Blackwater were owner-occupied compared with 29.7% in 2016.
Blackwater has 2,778 properties. Over the last 5 years, Houses in Blackwater have seen a 96.01% increase in median value, while Units have seen a 105.36% increase. As at 31 October 2024:
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