344-348 Ingham RoadGarbutt QLD 4814
Property Details for 344-348 Ingham Rd, Garbutt
Last Listing description (August 2021)
Strategic Site Adjacent to Townsville Airport
Viva Energy Australia one of Australia's leading energy companies
Renewed 5 year lease to mid 2024 plus options to 2044
Large 2,206 sqm site, 4.5 km from Townsville CBD
Major regional hub with growing population of circa 190,000
Nearest service station to airport & gateway to North Queensland
Net lease with tenant paying outgoings & annual rental increases
Net Income: $230,000 pa + GST
Indicative Price: $3,300,000 (Yield: 7% approx)
Property History for 344-348 Ingham Rd, Garbutt, QLD 4814
- 24 May 2024Sold for $3,450,000
- 21 Apr 2020Listed for Sale Contact Agent
- 05 Jul 2007Sold for $1,625,000
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0About 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 2,408 properties. Over the last 5 years, Houses in Garbutt have seen a 81.00% increase in median value, while Units have seen a 73.71% increase. As at 31 October 2024:
- The median value for Houses in Garbutt is $501,793 while the median value for Units is $308,611.
- Houses have a median rent of $475 while Units have a median rent of $360.
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