SOLD
Sold on 24 Jul 2024 for $850,000

7-9 Vennard Street
Garbutt QLD 4814

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2261m2
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Property Details for 7-9 Vennard St, Garbutt

Building Type
Commercial
Land Size
2261m2
Local Government
Townsville City
Lot/Plan
12/RP889260

Last Listing description (September 2024)

RWC Townsville on behalf of the Queensland Public Trustee (QPT) is pleased to present this industrial property to the market with vacant possession by Expressions of Interest closing at 5pm on Friday 19th July 2024.

Comprising a security-fenced 2,261 square metre allotment zoned Medium Impact Industry improved with two separate warehouses and structures of approximately 650 square metres gross floor area located in Townsville's main industrial precinct of Garbutt close to all facilities and major transport routes.

The property is to be sold "as is - where is" including all machinery and loose items presently on site.

Building 1 comprises an older style L shaped metal clad portal frame warehouse building of approximately 475 square metres gross floor area with 3 phase power, 4 sliding door access points, ceiling fans and basic ablutions.

Building 2 comprises a modern high-clearance metal-clad portal-frame warehouse with an internal area of approximately 175 square meters, an attached 67 square metre open-sided awning, four 3 X 3.6-meter high roller doors, and three-phase power.

There are no offices or ablutions in Building 2 and the hardstand site provides adequate parking and storage opportunities.

Expressions of Interest should be submitted using the approved Contract for Commercial Land and Buildings, Tenth Edition available from Ray White Commercial, Level 1, 51 Sturt Street, Townsville QLD 4810.

Property History for 7-9 Vennard St, Garbutt, QLD 4814

A timeline of how this property has performed in the market
Last Sold
$850,000
24 Jul 2024
  • 24 Jul 2024
    Sold for $850,000
  • 29 May 2024
    Listed for Sale Expressions 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 2,408 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.
There are currently 15 properties listed for sale, and 29 properties listed for rent in Garbutt on OnTheHouse. According to CoreLogic's data, 146 properties were sold in the past 12 months in Garbutt.

Suburb Insights for Garbutt 4814

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Ray White Commercial Townsville
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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.