OFF MARKET

21 Morris Terrace
Gin Gin QLD 4671

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 133m2
Land area: 3162m2
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Property Details for 21 Morris Tce, Gin Gin

Building Type
Commercial
Floor Size
133m2
Land Size
3162m2
Local Government
Bundaberg Regional
Lot/Plan
4/RP137554

Last Listing description (September 2022)

Looking for a great return on your money then this is for you.
Tucked away in the thriving township of Gin Gin Queensland is this outstanding opportunity is just waiting for the astute buyer looking for great returns.

Boasting Bus company as anchor tenant plus a 2 bedroom + sleep out home recently re-painted and a new bathroom and toilet added. As a first time investor or seasoned investor, you know how hard it is to find THAT property in THIS market that's priced to sell.

Features are:
3162 sqm of land - Current use Transport Terminal.
Bus depot and grounds. 3 years lease with 2 x 3 year options.
Highset timber home with tenant willing to sign new $300 a week lease.
$44,365.24 net return.

For further information or inspection please call, email or text the exclusive listing agent John Pappalardo on 0427875396 today.

Approximate indicator *

The information provided is for use as an estimate only and potential purchasers should make their own inquiries to satisfy themselves of any matters.

DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained.

Property History for 21 Morris Tce, Gin Gin, QLD 4671

A timeline of how this property has performed in the market
Last Sold
$500,000
31 Mar 2022
  • 31 Mar 2022
    Sold for $500,000
  • 08 Sep 2021
    Listed for Sale Offer Above $500,000
  • 18 Mar 2019
    Listed for Sale $705,000
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About Gin Gin 4671

The size of Gin Gin is approximately 33.8 square kilometres. It has 1 park covering nearly 0.8% of total area. The population of Gin Gin in 2011 was 1,190 people. By 2016 the population was 1,066 showing a population decline of 10.4% in the area during that time. The predominant age group in Gin Gin is 60-69 years. Households in Gin Gin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gin Gin work in a labourer occupation. In 2011, 62.8% of the homes in Gin Gin were owner-occupied compared with 58.8% in 2016.

Gin Gin has 806 properties. Over the last 5 years, Houses in Gin Gin have seen a 139.75% increase in median value, while Units have seen a 722.56% increase. As at 30 September 2024:

  • The median value for Houses in Gin Gin is $377,895 while the median value for Units is $313,755.
  • Houses have a median rent of $420.
There are currently 13 properties listed for sale, and no properties listed for rent in Gin gin on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Gin gin.

Suburb Insights for Gin Gin 4671

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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.