Great opportunity is on offer with this commercial premises located in the main street of the boutique township of Forest Hill. The 846sqm corner site is zoned commercial and currently has 2 shop fronts. One a vacant shop space with a floor area of approx. 70sqm and the second currently occupied by a craft retail shop with approx. floor space of 160sqm. There is a separate amenities block at the rear and there is ample space for car parking on site.
Will suit SMSF, astute investor or owner occupied looking to set up a business in the growing Lockyer Valley region.
The size of Forest Hill is approximately 26.7 square kilometres. The population of Forest Hill in 2011 was 730 people. By 2016 the population was 970 showing a population growth of 32.9% in the area during that time. The predominant age group in Forest Hill is 20-29 years. Households in Forest Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forest Hill work in a labourer occupation. In 2011, 67.5% of the homes in Forest Hill were owner-occupied compared with 58.7% in 2016.
Forest Hill has 471 properties. Over the last 5 years, Houses in Forest Hill have seen a 128.21% increase in median value, while Units have seen a -58.40% decrease. As at 31 October 2024:
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