178 Mary StreetGympie QLD 4570
Property Details for 178 Mary St, Gympie
Last Listing description (May 2024)
Chantel Dielwart from RWC Noosa & Sunshine Coast is pleased to present 178 Mary Street, Gympie to the market for sale.
Welcome to an exceptional investment opportunity prominently positioned on Mary Street in the heart of Gympie.
This fully renovated freehold property stands as a testament to timeless charm and contemporary convenience, offering an unparalleled investment opportunity in Gympie.
Recently renovated, the property features modern amenities whilst retaining its classic appeal. The renovation ensures a turnkey solution for investors, minimising maintenance costs and maximising tenant satisfaction.
With a long term tenant, Liiv Well Pilates, in place in Shop 1, the property enjoys a reliable income stream, providing investors with peace of mind and consistent returns.
PROPERTY FEATURES
• Floor area: 166m²*
• 10 on site car parks
• Freehold property
• Fully renovated with new electrical wiring, new plasterboard and suspended ceilings, air-conditioning and fresh paint
• Prime street frontage
• Strong investment yield
• Net income currently over $29,000 per annum + outgoings + GST
• Solid leases in place with annual increases
• Tenants Liiv Well Pilates hold the first right of refusal to lease Shop 2 when it becomes available
NOTE: This property is subject to flooding. In 2022 the area had the biggest flood since 1893. This building stood rock solid and prompted the owner to do a complete strip out and internal rebuild including complete electrical rewiring, internal walls and flooring. With the metal roof being replaced only four years ago, there is nothing to do except enjoy the income from this exceptional property.
Call or email Chantel Dielwart to inspect the property or for further information.
Our team is strategically located in offices across the Sunshine Coast to service your commercial property sales and leasing needs.
Offices in NOOSA, MAROOCHYDORE & CALOUNDRA
* Approx.
Property History for 178 Mary St, Gympie, QLD 4570
- 02 May 2024Sold for $350,000
- 06 Mar 2024Listed for Sale Under Offer
- 04 Nov 2021Sold for $499,000
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0About Gympie 4570
The size of Gympie is approximately 15.2 square kilometres. It has 32 parks covering nearly 13.9% of total area. The population of Gympie in 2011 was 10,156 people. By 2016 the population was 10,787 showing a population growth of 6.2% in the area during that time. The predominant age group in Gympie is 0-9 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation. In 2011, 57.8% of the homes in Gympie were owner-occupied compared with 54.1% in 2016.
Gympie has 6,440 properties. Over the last 5 years, Houses in Gympie have seen a 109.85% increase in median value, while Units have seen a 52.53% increase. As at 31 October 2024:
- The median value for Houses in Gympie is $535,194 while the median value for Units is $394,424.
- Houses have a median rent of $495 while Units have a median rent of $350.
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