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Sold on 17 Sep 2024 - Price Unavailable

52 Mary Street
Gympie QLD 4570

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Bathrooms: -
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Land area: 610m2
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Property Details for 52 Mary St, Gympie

Building Type
Commercial
Land Size
610m2
Local Government
Gympie Regional
Lot/Plan
10/RP77535

Last Listing description (September 2024)

FOR SALE (52 & 54 Mary Street) AND LEASE (54 Mary Street only)

Your chance to own two adjacent retail stores on Gympie's most popular retail street. One has an established tenant until November 2025. The other will be vacant from August 2024 with the option to continue collecting rent until December 2024, take vacant possession, or lease to a new tenant.

The top end of Mary Street is tightly held due to higher elevation and opportunities like this do not come up often.

THE OPPORTUNITY

Ray White Commercial Northern Corridor Group is pleased to present to the market 52-54 Mary Street, Gympie for sale.

Offered to the market for the first time in 30 years, this incredible investment has ample development potential and investment upside. This is one of Gympie's best commercial opportunities.

INVESTMENT
• Secured Income To November 2025 - 52 Mary Street
• Secured Income To December 2024 - 54 Mary Street (vacant from August 2024)
• 610m2 block with parking at rear of property
• 190m2 NLA
• $43,580* Net Income

LOCATION
• Situated on Gympie's premiere retail strip, on the high end of Mary Street
• High level foot and vehicle traffic
• 700m* to Goldfields Shopping Plaza & Cinemas
• 1.4km* to Gympie Hospital
• 1.6km* to Bruce Highway

TENANTS
• 52 - Pina Colada
• 54 - Better Homes & Gardens Real Estate Gympie. Vacating August 2024, lease end December 31 2024.

54 MARY STREET FOR LEASE

• Vacant from August 2024
• $27,000 pa + GST & Outgoings
• Parking at rear
• Suitable for a range of retail and consulting/medical businesses
• 90m²*

Must be sold together. For more information or to arrange an inspection please contact agents Cory Hoy or Fraser Martin

* Indicative

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Property History for 52 Mary St, Gympie, QLD 4570

A timeline of how this property has performed in the market
Last Sold
17 Sep 2024
Listed for Rent
$460/w
13 Nov 2020
  • 27 Aug 2024
    Listed for Sale Contact Agent for Latest Pricing
  • 23 Aug 2024
    Sold for $433,333
  • 19 May 2020
    Listed for Sale $650,000
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About 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.
There are currently 77 properties listed for sale, and 38 properties listed for rent in Gympie on OnTheHouse. According to CoreLogic's data, 388 properties were sold in the past 12 months in Gympie.

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Contact agent
Cory Hoy
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Fraser Martin
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RWC Northern Corridor Group - Sunshine Coast Location
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