OFF MARKET

384-386 French Avenue
Frenchville QLD 4701

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 450m2
Land area: 1231m2
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Property Details for 384-386 French Ave, Frenchville

Building Type
Commercial
Floor Size
450m2
Land Size
1231m2
Local Government
Rockhampton Regional
Lot/Plan
2/SP201370

Last Listing description (October 2023)

Discover a remarkable investment opportunity at 384-386 French Avenue.
Situated in the highly desirable suburb of Frenchville, this property offers a prime corner location at the intersection of French Ave & Flowers St, making it a sought after asset in North Rockhampton.

Key Features:

Land Size: 1231m2 with ample car parking space
Net Lettable Area: Approximately 450m2
Site Coverage: 36% comprising of 5 tenants
Diverse Tenant Mix: Indian Restaurant, Speech Therapist, NDIS Companies
Financial Highlights:
Total Net Annual Rental Income: $77,654.64
Impressive Rental Yield: 9.14%
GST included Annual income of $85,420.10

Frenchville, known for its charm and convenient amenities, provides an excellent location for this investment property. Take advantage of the thriving local community and capitalise on the potential growth in this desirable area.

Don't miss out on this exceptional opportunity to invest in your future! For more information or to arrange a viewing, contact Brad Unwin at 0414 983 052 to explore this property and its potential.
Invest wisely and secure your financial success with 384-386 French Avenue, Frenchville. Embrace the possibilities that await!

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspections or otherwise.

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Property History for 384-386 French Ave, Frenchville, QLD 4701

A timeline of how this property has performed in the market
Last Sold
$775,000
13 Oct 2023
Listed for Rent
$1.93k/w
18 Aug 2020
  • 13 Oct 2023
    Sold for $775,000
  • 25 May 2023
    Listed for Sale $799,000 + GST
  • 25 Feb 2019
    Listed for Rent - Price not available
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About Frenchville 4701

The size of Frenchville is approximately 8.6 square kilometres. It has 7 parks covering nearly 3.1% of total area. The population of Frenchville in 2011 was 9,159 people. By 2016 the population was 9,016 showing a population decline of 1.6% in the area during that time. The predominant age group in Frenchville is 0-9 years. Households in Frenchville are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frenchville work in a professional occupation. In 2011, 69.6% of the homes in Frenchville were owner-occupied compared with 70.2% in 2016.

Frenchville has 4,033 properties. Over the last 5 years, Houses in Frenchville have seen a 84.18% increase in median value, while Units have seen a 64.52% increase. As at 30 September 2024:

  • The median value for Houses in Frenchville is $529,606 while the median value for Units is $367,483.
  • Houses have a median rent of $520 while Units have a median rent of $360.
There are currently 31 properties listed for sale, and 8 properties listed for rent in Frenchville on OnTheHouse. According to CoreLogic's data, 231 properties were sold in the past 12 months in Frenchville.

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