40 Stanley StreetCollinsville QLD 4804
Property Details for 40 Stanley St, Collinsville
Last Listing description (October 2022)
Ray White Commercial QLD are pleased to present IGA Collinsville Plaza, a regional IGA-anchored centre that has been anchored by Cornetts for 27 years.
|WHAT|
The only shopping centre in Collinsville, and is anchored by full-line Cornetts IGA, who have leased at the centre since 1995 and have recently renewed for a further 10 years to 2032
Supported by a longstanding bakery (1999) and hairdresser (2017)
1,411sqm* of building area on a 3,414sqm land parcel with corner frontage to Collinsville's two main streets
Providing 34 on-site car parks
Estimated Fully Leased Net Income of $203,776 + GST p.a.
WALE (by income) of 8.15 years
|WHERE|
Situated at the heart of Collinsville, located 90km West of Airlie Beach
Recent major investment includes a $100m Solar Farm opened in 2022, employing over 120 residents full-time.
Collinsville is traditionally a mining town with a history dating back to 1921 and just over 1,200 residents today, with current mining projects including Glencore's Open Cut Mine (3km), Sonoma Coal Mine (11km) and Drake Coal Mine (20km)
Just 1km from the shopping centre is the 400-person Sodexo Village Camp which provides accommodation for the nearby mines.
|WHY|
Cornetts are the largest operator of IGA's in Queensland with over 30 stores across the state and are 45% owned by ASX-listed Metcash
First time offered to market in over 25 years
An outstanding entry-level IGA investment with landlord favourable net leases
The only supermarket in an 80km radius, and along the key connector, State Route 77
Property History for 40 Stanley St, Collinsville, QLD 4804
- 28 May 2024Sold for $2,500,000
- 14 Oct 2022Sold for $2,035,000
- 15 Sep 2022Listed for Sale Auction
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0About Collinsville 4804
The size of Collinsville is approximately 27.8 square kilometres. It has 6 parks covering nearly 2.2% of total area. The population of Collinsville in 2011 was 1,501 people. By 2016 the population was 1,220 showing a population decline of 18.7% in the area during that time. The predominant age group in Collinsville is 50-59 years. Households in Collinsville are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Collinsville work in a machinery operators and drivers occupation. In 2011, 63.6% of the homes in Collinsville were owner-occupied compared with 67.9% in 2016.
Collinsville has 1,216 properties. Over the last 5 years, Houses in Collinsville have seen a 117.65% increase in median value, while Units have seen a -3.61% decrease. As at 31 October 2024:
- The median value for Houses in Collinsville is $171,503 while the median value for Units is $204,867.
- Houses have a median rent of $385 while Units have a median rent of $200.
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