SOLD
Sold on 20 Jun 2024 for $600,000

62 Nelson Street
Bungalow QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 495m2
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Property Details for 62 Nelson St, Bungalow

Building Type
Commercial
Land Size
495m2
Local Government
Cairns Regional
Lot/Plan
60/RP714522

Last Listing description (June 2024)

62-64 Nelson Street is located approximately 650 metres from the Southern Arterial Road. The total site is 990 m2 comprising of two adjacent 495 m2 lots in one line with total lettable area of 860m2 (see below breakdown).Floor Areas No. 62 No. 64Ground Level 321 m 281 m2Upper Level office 20 m2 80 m2Front awning 62 m2 96 m2Total 403 m2 457 m2The improvements include 2 high access metal-deck sheds each comprising of warehouse area, staff room, bathroom amenities, kitchen facilities, airconditioned mezzanine office with 2 x gantry systems, 3 phase power (transformer at kerb). There also exists an opportunity to purchase the existing 20mm thick steel floor plate covering 9 x 16 m2. The steel portal structure has a high clearance access that suits warehousing, light and medium industry such as boat building and allows for future adaptation for various other uses. Ancillary improvements include high access 192 m2 awning covered concrete hardstand to the front of the building and security chain wire fencing. The property suits owner operators, investors or developers having significant future development potential (STCA).Leased to September 2025Our instructions are to offer the two adjacent lots to be sold in one line with possibility to purchase separately subject to further notice/enquiry.More photos will be posted in the coming days.To secure this opportunity - Call 0428 724 954 with expressions of interest today!!!

Property History for 62 Nelson St, Bungalow, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$600,000
20 Jun 2024
  • 24 Jun 2024
    Listed for Sale Expressions of Interest
  • 20 Jun 2024
    Sold for $600,000
  • 03 Feb 2005
    Sold for $250,000
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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 46.23% increase in median value, while Units have seen a 49.77% increase. As at 30 September 2024:

  • The median value for Houses in Bungalow is $496,388 while the median value for Units is $289,396.
  • Houses have a median rent of $485 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, 89 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.