With the option of purchasing the house next door - Owner considering retirement. Situated on the Bruce Highway 40 minutes west of Bundaberg and just over 4 hours north of Brisbane this property situated in the centre of town is currently leased for the next 2 yrs with the current tenant having a further two (2) 5 year options and showing a good return on investment. The owners have decided to put the property on the market so they can pursue other interests. Next door to the bakery is a well built 3 bedroom brick home which is owned by the same people and rented to the tenants of the bakery. The owners instructions are to list both properties either to be sold separately or both together. The Bakery and coffee shop building is listed at $680000 The residence is listed at $275000
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 802 properties. Over the last 5 years, Houses in Gin Gin have seen a 139.34% increase in median value, while Units have seen a 647.06% increase. As at 31 October 2024:
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