OFF MARKET

37 Hannam Street
Bungalow QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 944m2
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Property Details for 37 Hannam St, Bungalow

Building Type
Commercial
Land Size
944m2
Local Government
Cairns Regional
Lot/Plan
24/RP708648

Last Listing description (September 2023)

37 Hannam Street is well located in Bungalow between Scott Street and Mulgrave Road. The property is ideal for investment as it has two street frontages with potentially three tenant income streams. Fronting Hannam Street is a high set Queenslander with two residential tenants, and fronting Brown Street is a warehouse which has a long standing mechanical operator as the tenant. Currently vacant is the food processing cold store.

The total building area is 600 sqm and land area is 944 sqm.


* Brown Street and Hannam Street frontages
* Improvements include highest Queenslander style residence fronting Hannam Street which is fully fenced with two residential flats
* Multi tenanted
* Situated in the middle of the property is a fully fitted out food processing facility which includes coldrooms and freezer, processing area plus office and amenities with an area of approximately 200 sqm
* Warehouse fronting Brown Street with amenities of approximately 200 sqm
* Total building area 600 sqm approximately
* Land area 944 sqm

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Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.

Knight Frank Cairns has been successfully operating for over 33 years and incorporates three departments into the one office: a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.

Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.

Property History for 37 Hannam St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$1,285,000
11 Jul 2023
Listed for Rent
$805/w
08 Apr 2019
  • 11 Jul 2023
    Sold for $1,285,000
  • 13 Jul 2022
    Listed for Sale Price by negotiation
  • 10 Oct 2019
    Listed for Rent - Price not available
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About Bungalow 4870

The size of Bungalow is approximately 2.2 square kilometres. It has 3 parks covering nearly 1.9% of total area. The population of Bungalow in 2011 was 2,164 people. By 2016 the population was 2,159 showing a population decline of 0.2% in the area during that time. The predominant age group in Bungalow is 20-29 years. Households in Bungalow are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bungalow work in a trades occupation. In 2011, 35.1% of the homes in Bungalow were owner-occupied compared with 34.7% in 2016.

Bungalow has 1,961 properties. Over the last 5 years, Houses in Bungalow have seen a 45.24% increase in median value, while Units have seen a 50.38% increase. As at 31 August 2024:

  • The median value for Houses in Bungalow is $497,660 while the median value for Units is $278,876.
  • Houses have a median rent of $508 while Units have a median rent of $390.
There are currently 15 properties listed for sale, and 7 properties listed for rent in Bungalow on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Bungalow.

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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.