OFF MARKET

14 Hospital Road
Emerald QLD 4720

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1303m2
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Property Details for 14 Hospital Rd, Emerald

Building Type
Commercial
Land Size
1303m2
Local Government
Central Highlands Regional
Lot/Plan
1/SP188231

Last Listing description (April 2024)

If you're looking for something special with high yield and multiple tenancies to ensure your risk is spread around then this is the one!

Solidly constructed on a 1303sqm allotment and with a total of 9 tenancies all on one title means this investment not only has strong income but tracks at a high occupancy rate across a broad tenancy mix, whilst minimising outgoings, protecting your overall ROI.

Situated in the Emerald CBD precinct this property is always highly sought after by retail and professional tenants as it is very conveniently located with 3 street frontage (Hospital Rd, Yamala St & Retro St) with ample on-site and street parking.

Seven of the nine tenancies are retail/professional offices including a national tenant (Brumby's Bakery) with the remaining 2 tenancies being residential units at the rear of the property.

This property features:

- High Profile Location

- Gross income exceeding $300K annually

- Multiple mixed use tenancies to spread income risk

- Long standing national tenant

- Solidly constructed building in a growth market

- CPI increases and tenants contribution to outgoings

This truly is a quality investment and will be a great addition to a savvy investors portfolio. For full details and an Information Memorandum please contract JT Tillman from Blue Moon TK Property on 0412 262325.

Property Code: 10664

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Property History for 14 Hospital Rd, Emerald, QLD 4720

A timeline of how this property has performed in the market
Last Sold
$1,475,000
14 Nov 2011
Listed for Rent
$250/w
14 Mar 2023
  • 15 Apr 2024
    Listed for Sale Offers Over $2.5M Invited
  • 09 Jul 2019
    Listed for Rent - Price not available
  • 13 Oct 2017
    Listed for Rent - Price not available
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About Emerald 4720

The size of Emerald is approximately 844.9 square kilometres. It has 32 parks covering nearly 12.5% of total area. The population of Emerald in 2011 was 13,883 people. By 2016 the population was 14,318 showing a population growth of 3.1% in the area during that time. The predominant age group in Emerald is 0-9 years. Households in Emerald are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Emerald work in a trades occupation. In 2011, 56% of the homes in Emerald were owner-occupied compared with 52.2% in 2016.

Emerald has 7,754 properties. Over the last 5 years, Houses in Emerald have seen a 28.20% increase in median value, while Units have seen a 43.05% increase. As at 30 September 2024:

  • The median value for Houses in Emerald is $393,039 while the median value for Units is $248,177.
  • Houses have a median rent of $520 while Units have a median rent of $383.
There are currently 81 properties listed for sale, and 9 properties listed for rent in Emerald on OnTheHouse. According to CoreLogic's data, 568 properties were sold in the past 12 months in Emerald.

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