OFF MARKET

75 Mulgrave Street
Gin Gin QLD 4671

Bedrooms: -
Bathrooms: -
Car spaces: 7
Land area: 1012m2
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Property Details for 75 Mulgrave St, Gin Gin

Building Type
Commercial
Land Size
1012m2
Local Government
Bundaberg Regional
Lot/Plan
609/G2311

Last Listing description (May 2016)

3 Titles - 2 Street Frontage - Currently 6 Leases/Tenants in Place - Fantastic returns - Totaling 2808M2 of Land - Massive potential as is, or for re-development purposes.
This is arguably Gin Gin s best piece of real estate being offered in today s market and furthermore what we consider a once in a lifetime opportunity in securing not one, but two blue chip properties.
75 Mulgrave Street -

- Currently being run as the local news agency by the one owner for the past 35 years
- Walk in walk out (Approximately $150,000 worth or stock)
- Selling over 1000 papers per week + holds a License for Lotto (request figures)
- Sub-let 15m2 Shop currently leased to a local bank (Moving out in November)
- 2 x cold rooms - 7 bays of storage sheds - Photocopying bay for the public to use
- Land Size on this title = 1,012m2
77 Mulgrave Street -
- Currently leased to 4 x professional Businesses returning over $3000 per month
- Land size on this title = 1,012m2
34 May Street -
- This title is 784m2 in land size that gives you the two street access between Mulgrave & May Streets
This package is the perfect Superannuation nest egg or Investment with Huge Scope and Potential. The current vendor is finally looking to retire and will consider all serious Tenders on the 6th of November.
(FOR FURTHER INFORMATION, FIGURES OR AN INSPECTION PLEASE CALL DANIEL ANDERSON TODAY - 0413205827)

Purchasing A Property By Tender:
Tendering is the process of purchasing Real Estate through a confidential written offer. Should you wish to purchase a property by Tender, prepare your best offer in consultation with your solicitor and/or agent and place it in the Tender box at the participating Real Estate office by closing time on the nominated date.
These tenders are then opened with the vendor and real estate agent present. The vendor will take into consideration the price offered and any additional conditions contained within the tenders.
- There is no reserve price
- You will be required to fill out two Sale and Purchase Agreement Forms for Sale by Tender (your real estate agent will supply these).
- You can put conditions into your tender offer (unlike an auction), however it is prudent to resolve as many of those conditions as possible before submitting the tender. Preference may be given to the buyer(s) placing an unconditional offer.
- The price that you tender is the price that you are prepared to pay.
- Tender offers are submitted privately and separately, customers will be unaware of the prices offered by competing buyers.
- The client is not obliged to disclose any details about the sale process.
- The client is not bound to accept the highest or any offer.
- A deposit cheque should be attached to the tender (normally 10% of the purchase price discuss with agent). The only cheque that is banked is that of the successful tender, all remaining cheques are returned to the unsuccessful tenderers.
Should you require any assistance please contact Daniel Anderson either by phone 0413205827 / 07 4153 6192 or email daniel@locationpropertyagents.com.au
All the best on submitting your tender.
*The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.

Property History for 75 Mulgrave St, Gin Gin, QLD 4671

A timeline of how this property has performed in the market
Last Sold
$590,000
19 Apr 2022
  • 19 Apr 2022
    Sold for $590,000
  • 30 Sep 2015
    Listed for Sale SUBMIT ALL OFFERS
  • 03 Jun 1983
    Sold for $35,000

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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 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:

  • The median value for Houses in Gin Gin is $379,135 while the median value for Units is $261,733.
  • Houses have a median rent of $420.
There are currently 11 properties listed for sale, and no properties listed for rent in Gin gin on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Gin gin.

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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.