SOLD
Sold on 24 Sep 2024 for $2,900,000

216 Bourbong Street
Bundaberg Central QLD 4670

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 981m2
Land area: 1012m2
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Property Details for 216 Bourbong St, Bundaberg Central

Building Type
Commercial
Floor Size
981m2
Land Size
1012m2
Local Government
Bundaberg Regional
Lot/Plan
904/B1582

Last Listing description (April 2023)

Cushman & Wakefield exclusively presents 216 Bourbong Street, Bundaberg Central to the market for sale.

Two level building of 783sqm* on a 1,012sqm corner block

Premier site, arguably the best intersection location in Bundaberg CBD.
The building is occupied by two businesses, 'Grosvenor Backpackers' (as business for sale) and an independent cafe operator which occupies approximately half of the ground floor.
An estimated $250,000 invested in capital building renovation works recently.
The Grosvenor Backpackers business includes inventory and vehicles with data available upon request (along with financials).
Located in a non flood prone area with no historic occurrence recorded and asbestos report available with a no risk rating.

Motivated seller - Asking $600,000 (*excluding any GST if applicable) for the business. *Freehold and business sale in one also considered.

Contact Ed Howard on 0449 955 244 for further information.

*Disclaimer: Cushman & Wakefield does not guarantee, warrant or represent that the information contained in this advertising and marketing document is correct. Any interested parties should make their own inquiries as to the accuracy of the information. We exclude all inferred or implied terms, conditions and warranties arising out of this document and any liability for loss or damage arising there from.

* = Approximation only

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Property History for 216 Bourbong St, Bundaberg Central, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$2,900,000
24 Sep 2024
  • 24 Sep 2024
    Sold for $2,900,000
  • 07 Jul 2022
    Listed for Sale Sale - Expressions of interest $600,000 Excl GST
  • 07 Aug 2017
    Listed for Sale $2,850,000 Neg
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About Bundaberg Central 4670

The size of Bundaberg Central is approximately 1.3 square kilometres. It has 6 parks covering nearly 4.4% of total area. The population of Bundaberg Central in 2011 was 225 people. By 2016 the population was 316 showing a population growth of 40.4% in the area during that time. The predominant age group in Bundaberg Central is 20-29 years. Households in Bundaberg Central are primarily childless couples and are likely to be repaying $1600 - $1800 per month on mortgage repayments. In general, people in Bundaberg Central work in a labourer occupation. In 2011, 46% of the homes in Bundaberg Central were owner-occupied compared with 30% in 2016..

Bundaberg Central has 485 properties. Over the last 5 years, Houses in Bundaberg Central have seen a 118.45% increase in median value, while Units have seen a 43.17% increase. As at 31 October 2024:

  • The median value for Houses in Bundaberg Central is $415,914 while the median value for Units is $386,410.
There are currently 4 properties listed for sale, and 3 properties listed for rent in Bundaberg central on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Bundaberg central.

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© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

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