OFF MARKET

70 Russell Street
Edge Hill QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 110m2
Land area: 708m2
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Property Details for 70 Russell St, Edge Hill

70 Russell St, Edge Hill is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 708m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
House
Year Built
1970
Floor Size
110m2
Land Size
708m2
Local Government
Cairns Regional
Lot/Plan
26/RP723804

Last Listing description (March 2022)

Colliers Cairns are pleased to offer for sale this mixed use investment opportunity with a twist. Located at 70 Russell Street, Edge Hill QLD 4870, the property is for sale with offers over $700,000 invited.

Standing above the rest, 70 Russell Street offers a unique mixed use investment opportunity. Incorporating a combination of professional offices, residential space and aquatic facilities, the property has been operating as a long-standing swim school for many years offering investors an exclusive opportunity to grow their portfolio. This successful business offers a long-term tenancy agreement presenting the new owners with 7+ years of future rental security.

Ideally positioned for the current tenant, the property is directly across from the Edge Hill State School and less than 100m* from the Edge Hill Early Learning Centre. The property's location is first class with the Collins Avenue commercial strip a short 500m* away.

C-Me Swim school has operated from this location for over 35 years. From humble beginnings, this home based business has grown into a local institution, specialising in teaching children the necessary swimming skills from 6 weeks old to squad level. During this time, the family home has evolved to cater for the growing needs of the business, while retaining the original character and bones of the dwelling.

The property itself offers ground level office space, reception/foyer area, bathroom amenities, waiting room plus the sizable 7.5 x 10.75m* covered below ground pool. The pool is bounded by ample undercover space representing change room and storage facilities. The second level comprises the residential component of the property. Incorporating open plan kitchen/living/dining space, 3 bedrooms and a bathroom, the upstairs area opens onto an outdoor patio area overlooking the back of the property.

Features:

-Tenanted investment with 7+ years rental security
-Established and successful business in place
-Ideal positioning - proximity to schools and commercial strip
-Substantially sized covered pool
-Separate upstairs residential component to the property
-Upstairs and downstairs bathroom amenities
-Sizeable surrounding catchment area

The unique and exciting mixed use investment opportunity located at 70 Russell Street, Edge Hill is for sale with offers invited over $700,000.

For more information, contact Jay Beattie on 0428 551 062.

*approximately

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Colliers - a leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence and collaboration, we integrate the resources of real estate specialists worldwide to accelerate the success of our partners. We represent property investors, developers and occupiers in local and global markets. Our expertise spans all property sectors - office, industrial, retail, residential, rural & agribusiness, healthcare & retirement living, hotels & leisure. Colliers is Australia's own global real estate success story.a

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Property History for 70 Russell St, Edge Hill, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$740,000
19 Jan 2022
  • 19 Jan 2022
    Sold for $740,000
  • 13 Jan 2022
    Listed for Sale Offers over $700,000
  • 09 Jan 2016
    Listed for Sale Not Disclosed
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About Edge Hill 4870

The size of Edge Hill is approximately 2.6 square kilometres. It has 9 parks covering nearly 25.1% of total area. The population of Edge Hill in 2011 was 3,873 people. By 2016 the population was 3,924 showing a population growth of 1.3% in the area during that time. The predominant age group in Edge Hill is 40-49 years. Households in Edge Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Edge Hill work in a professional occupation. In 2011, 58.8% of the homes in Edge Hill were owner-occupied compared with 57.6% in 2016.

Edge Hill has 2,114 properties. Over the last 5 years, Houses in Edge Hill have seen a 51.40% increase in median value, while Units have seen a 82.71% increase. As at 30 November 2024:

  • The median value for Houses in Edge Hill is $747,625 while the median value for Units is $406,325.
  • Houses have a median rent of $605 while Units have a median rent of $423.
There are currently 20 properties listed for sale, and 11 properties listed for rent in Edge hill on OnTheHouse. According to CoreLogic's data, 98 properties were sold in the past 12 months in Edge hill.

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