OFF MARKET

131 Spencer Street
Gatton QLD 4343

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 1100m2
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Property Details for 131 Spencer St, Gatton

Building Type
Commercial
Land Size
1100m2
Local Government
Lockyer Valley Regional
Lot/Plan
2/RP71549

Last Listing description (September 2023)

Ray White TradeCoast is pleased to present an outstanding investment opportunity at 131 Spencer Street in Gatton, Queensland. The property is a fully leased medical centre, providing prospective investors with a secure and reliable investment opportunity.

Property Features:
Land area of 1100* sqm

Net lettable area of 309* sqm
100% fully leased
WALE of 5 years* (as of July 1st, 2023)
$215,000 p.a. rental income
Recent lease renewal
Strong GP Centre tenant with an established presence in the local community
Defensive asset class

Don't miss this opportunity to acquire a fully leased medical centre with a reliable tenant and strong investment potential. Contact us today to learn more. For further information or to arrange an inspection, contact Ray White Commercial TradeCoast marketing agents.

* Approx.

Property History for 131 Spencer St, Gatton, QLD 4343

A timeline of how this property has performed in the market
Last Sold
$2,720,000
20 Oct 2023
  • 20 Oct 2023
    Sold for $2,720,000
  • 24 Apr 2023
    Listed for Sale Contact Agent
  • 25 May 2022
    Sold for $1,500,000
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About Gatton 4343

The size of Gatton is approximately 42.8 square kilometres. It has 15 parks covering nearly 6% of total area. The population of Gatton in 2011 was 6,869 people. By 2016 the population was 7,108 showing a population growth of 3.5% in the area during that time. The predominant age group in Gatton is 20-29 years. Households in Gatton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gatton work in a labourer occupation. In 2011, 53.3% of the homes in Gatton were owner-occupied compared with 53.7% in 2016.

Gatton has 3,692 properties. Over the last 5 years, Houses in Gatton have seen a 98.27% increase in median value, while Units have seen a 33.48% increase. As at 31 October 2024:

  • The median value for Houses in Gatton is $503,176 while the median value for Units is $382,378.
  • Houses have a median rent of $500 while Units have a median rent of $350.
There are currently 39 properties listed for sale, and 25 properties listed for rent in Gatton on OnTheHouse. According to CoreLogic's data, 165 properties were sold in the past 12 months in Gatton.

Suburb Insights for Gatton 4343

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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.