SOLD
Sold on 02 Aug 2024 for $5,850,000

330 Woolcock Street
Garbutt QLD 4814

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 6316m2
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Property Details for 330 Woolcock St, Garbutt

Building Type
Commercial
Land Size
6316m2
Local Government
Townsville City
Lot/Plan
12/T118465

Last Listing description (June 2021)

Knight Frank are pleased to offer to the market for sale this exceptional investment opportunity located at 330-334 Woolcock Street with income secured by ASX listed retailer Metcash.

Key highlights:

- Strategic 6,316 sqm* site located on one of Townsville's busiest arterials Woolcock Street (forming into the Bruce Highway)
- Total building area 3,368 sqm* (warehouse 3,085sqm* & office 283sqm*)
- Net rental of $384,631 pa + gst
- 3% fixed annual increases
- Strong covenant to ASX listed Metcash who have occupied the site since 1999
- Located in Townsville, the capital of North Queensland and Australia's largest city north of the Sunshine Coast

For more information and to arrange an inspection please contact Paul Dury or Dan Place at Knight Frank Townsville.

*Approximately

Property History for 330 Woolcock St, Garbutt, QLD 4814

A timeline of how this property has performed in the market
Last Sold
$5,850,000
02 Aug 2024
  • 02 Aug 2024
    Sold for $5,850,000
  • 30 Nov 2020
    Sold for $4,200,000
  • 07 Jul 2020
    Listed for Sale FOR SALE BY EXPRESSION OF INTEREST
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About Garbutt 4814

The size of Garbutt is approximately 12 square kilometres. It has 6 parks covering nearly 1.3% of total area. The population of Garbutt in 2011 was 2,482 people. By 2016 the population was 2,425 showing a population decline of 2.3% in the area during that time. The predominant age group in Garbutt is 20-29 years. Households in Garbutt are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Garbutt work in a trades occupation. In 2011, 37.8% of the homes in Garbutt were owner-occupied compared with 37.5% in 2016.

Garbutt has 2,422 properties. Over the last 5 years, Houses in Garbutt have seen a 87.92% increase in median value, while Units have seen a 67.41% increase. As at 30 November 2024:

  • The median value for Houses in Garbutt is $522,579 while the median value for Units is $318,264.
  • Houses have a median rent of $473 while Units have a median rent of $365.
There are currently 15 properties listed for sale, and 32 properties listed for rent in Garbutt on OnTheHouse. According to CoreLogic's data, 139 properties were sold in the past 12 months in Garbutt.

Suburb Insights for Garbutt 4814

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.