SOLD
Sold on 14 Mar 2024 for $755,000

54 Violet Street
Gympie QLD 4570

Bedrooms: -
Bathrooms: -
Car spaces: 8
Land area: 1022m2
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Property Details for 54 Violet St, Gympie

Building Type
Commercial
Land Size
1022m2
Local Government
Gympie Regional
Lot/Plan
6/MPH6726

Last Listing description (April 2023)

This Freehold building presents the perfect opportunity for prospective investors looking for a strong and secure tenant in the heart of Gympie.

Carpet Court Gympie has been a guaranteed tenant for the past 15 years, compromising with an attached warehouse to the building. Current lease options to extend are for a 3 + 3.


Key Details:

Showroom: 172.5 sqm
Warehouse: 157 sqm
Total: 329.5 sqm
Land size: 1022

Gross (Annual): $67,225
Outgoings (Annual): $7,225
NET income: $60,000

The site is not flood-affected and water has not reached the land since erected
New Air-Conditioning units added to the building
No Body Corp fees
Steady growing community
Sufficient parking on site
Close to parks with restaurants not far from the location

54 Violet Street, Gympie is being offered For Sale on a "as is where is" basis by Private Treaty.

Property History for 54 Violet St, Gympie, QLD 4570

A timeline of how this property has performed in the market
Last Sold
$755,000
14 Mar 2024
  • 14 Mar 2024
    Sold for $755,000
  • 24 Apr 2023
    Listed for Sale OFFERS ABOVE $850,000
  • 09 Feb 2007
    Sold for $280,000
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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 6,433 properties. Over the last 5 years, Houses in Gympie have seen a 104.56% increase in median value, while Units have seen a 37.24% increase. As at 31 August 2024:

  • The median value for Houses in Gympie is $521,757 while the median value for Units is $387,969.
  • Houses have a median rent of $495 while Units have a median rent of $335.
There are currently 77 properties listed for sale, and 27 properties listed for rent in Gympie on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Gympie.

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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.