OFF MARKET

7 Kolan Street
Bundaberg North QLD 4670

Bedrooms: 3
Bathrooms: 1
Car spaces: 5
Floor area: 500m2
Land area: 961m2
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Property Details for 7 Kolan St, Bundaberg North

Building Type
Commercial
Floor Size
500m2
Land Size
961m2
Local Government
Bundaberg Regional
Lot/Plan
9/RP22129

Last Listing description (January 2024)

Enormous potential returns from this mixed use investment. Approximately 500m2 under roof consisting of a 3 bedroom residence and retail shop.

This shop has traded previously as a fruit shop and may suit Asian Groceries / Fruit, Showroom / Bulky Goods, or Workshop.

Shop approx. 300m2, concrete floors and hardstands with significant glass frontage to Kolan Street. Surplus to requirements, the property is to be sold with existing infrastructure including display benches, food prep work stations, 2 large cold rooms, office, laundry, toilet, considerable warehouse private storage, and a two bay Colorbond shed with 3 phase power.

The home above and behind attached to the shop consists of 3 bedrooms, 2 with built-in wardrobes and ceiling fans.

Functional tidy kitchen with dishwasher, generous cupboards and plenty of bench top food prep space. Practical easy care home has a spa in the tiled bathroom to soothe the aches and pains from the days work.

Zoned Residential B and on a 961m2 ALLOTMENT, this solid Commercial Retail Building and Residence presents a unique opportunity to work from home. Considerable and consistent enquiry to lease fielded by the current owner would suggest an astute investor will have no trouble generating a return.

This property could suit a variety of purposes and previously had a DA for a Medical Centre, subject to Council approval.

Very handy to the heart of North Bundaberg and the CBD, close to the Backpacker Precinct, hotels and local shopping.

Property History for 7 Kolan St, Bundaberg North, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$300,000
28 Sep 2020
  • 28 Sep 2020
    Sold for $300,000
  • 03 Sep 2013
    Listed for Sale $550,000
  • 19 Sep 2011
    Listed for Sale NEGOTIABLE
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About Bundaberg North 4670

The size of Bundaberg North is approximately 15.4 square kilometres. It has 16 parks covering nearly 10.2% of total area. The population of Bundaberg North in 2011 was 5,483 people. By 2016 the population was 5,436 showing a population decline of 0.9% in the area during that time. The predominant age group in Bundaberg North is 60-69 years. Households in Bundaberg North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bundaberg North work in a labourer occupation. In 2011, 66.9% of the homes in Bundaberg North were owner-occupied compared with 62.2% in 2016.

Bundaberg North has 2,823 properties. Over the last 5 years, Houses in Bundaberg North have seen a 116.82% increase in median value, while Units have seen a 64.60% increase. As at 31 October 2024:

  • The median value for Houses in Bundaberg North is $465,969 while the median value for Units is $339,165.
  • Houses have a median rent of $530 while Units have a median rent of $370.
There are currently 19 properties listed for sale, and 2 properties listed for rent in Bundaberg north on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Bundaberg north.

Suburb Insights for Bundaberg North 4670

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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.