Property Details for 51 Park St, Chinchilla
51 Park St, Chinchilla is a bedroom, bathroom Unit.
Last Listing description (December 2020)
On offer is the passive investment for the Chinchilla Motor Inn which currently has 62 modern units ranging from 3.5 star to 4.5 star and theres development approval for a further two cabins/caravan sites.
- Land and buildings in excellent condition
- 62 toom motel
- The main building, (which includes managers residence, dining and reception) constructed between 2012 and 2015
- DA approval for 2 more cabins / villas
- New 35-year lease with experienced operators
- Tenant pays all outgoings
- Property inspections are by appointment
Property History for 51 Park St, Chinchilla, QLD 4413
- 17 Jul 2020Listed for Sale $2,650,000
- 04 Oct 2019Listed for Sale $3,500,000
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About Chinchilla 4413
The size of Chinchilla is approximately 72.1 square kilometres. It has 16 parks covering nearly 1.2% of total area. The population of Chinchilla in 2011 was 5,487 people. By 2016 the population was 6,622 showing a population growth of 20.7% in the area during that time. The predominant age group in Chinchilla is 0-9 years. Households in Chinchilla are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Chinchilla work in a trades occupation. In 2011, 61.2% of the homes in Chinchilla were owner-occupied compared with 50.6% in 2016.
Chinchilla has 3,967 properties. Over the last 5 years, Houses in Chinchilla have seen a 97.79% increase in median value, while Units have seen a 54.78% increase. As at 31 October 2024:
- The median value for Houses in Chinchilla is $389,414 while the median value for Units is $298,863.
- Houses have a median rent of $425 while Units have a median rent of $378.
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