OFF MARKET

112/114-120 Churchill Street
Childers QLD 4660

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2168m2
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Property Details for 112/114-120 Churchill St, Childers

Building Type
Unknown
Land Size
2168m2
Local Government
Bundaberg Regional

Last Listing description (October 2024)

RWC Retail are proud to present IGA Childers for sale at $4,700,000 (7.60%).

|What|
Fully leased 1,047sqm* convenience-based retail investment

Low maintenance investment with just two tenants
Anchored by an IGA Supermarket to 2033, with options to 2053
Long 8.16 Year WALE
20 on-site parking bays
Net Income of $357,220 + GST p.a.

|Where|
High-profile 2,168sqm* corner land parcel with three-street frontage
41m* of frontage along the Bruce Highway (A1), Australia's national highway
Located in the broader Bundaberg & Hervey Bay region, 4 hours drive North of Brisbane
Situated along the popular Childers main strip, just 200m* from a McDonald's and surrounded by numerous hotels and cafes

|Why|
Both tenants are on CPI annual rent reviews, providing the incoming purchaser with a reliable hedge against inflation.
Both tenants directly responsible for the majority of outgoings.
A proven trading tenancy mix, with the combination of a supermarket and the Childers Butchery operating together for over 20 years.

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Property History for 112/114-120 Churchill St, Childers, QLD 4660

A timeline of how this property has performed in the market
  • 23 Sep 2024
    Listed for Sale $4,700,000

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About Childers 4660

The size of Childers is approximately 19.2 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Childers in 2011 was 1,638 people. By 2016 the population was 1,597 showing a population decline of 2.5% in the area during that time. The predominant age group in Childers is 70-79 years. Households in Childers are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Childers work in a labourer occupation. In 2011, 62.4% of the homes in Childers were owner-occupied compared with 60.9% in 2016.

Childers has 996 properties. Over the last 5 years, Houses in Childers have seen a 107.49% increase in median value, while Units have seen a 49.44% increase. As at 30 September 2024:

  • The median value for Houses in Childers is $430,296 while the median value for Units is $318,430.
  • Houses have a median rent of $460 while Units have a median rent of $235.
There are currently 39 properties listed for sale, and 1 property listed for rent in Childers on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Childers.

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