OFF MARKET

21 Veales Road
Jensen QLD 4818

Bedrooms: -
Bathrooms: -
Car spaces: 27
Floor area: 740m2
Land area: 4000m2
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Property Details for 21 Veales Rd, Jensen

Building Type
Commercial
Floor Size
740m2
Land Size
4000m2
Local Government
Townsville City
Lot/Plan
9/RP882869

Last Listing description (February 2017)

This purpose built freehold childcare investment property is located in Jensen - a prime 'northern beaches' suburb of Townsville. The well designed and superbly finished centre is located on a HUGE 4000 m2 block of land that is perfect for future expansion, and it provides the best possible site to take advantage of the massive growth of the surrounding suburbs and the large private catholic school directly across the road.
EXECUTIVE SUMMARY
LICENCE: 109 Place

ADDRESS: 21 Veales Road, Jensen
LAND SITE: 4,000m2 approx - including 1,200 m2 at rear of current centre fence
BUILDING SIZE: 740 m2 & 312 m2 covered outdoor teaching areas
PARKING: 27 - Perfect for drop-off & pick-up of Children
BUILDING SERVICES: Fully air-conditioned, industrial waste bins, security and fire extinguisher
CONSTRUCTION: Building - Rendered Brick
Roof: Colour-bond Steel
Constructed: 2006
OCCUPANCY: Average Occupancy 83% (July - Dec 2015)
LEASE TERM: 10 years
OPTION: 1 x 10 year option / 2 x 5 years option
LEASE COMMENCED: 1 March 2016
TENANT FINANCIAL: Exceptional Profit & Loss will be provided upon signing confidentiality agreement
LAYOUT: 7 Rooms Purpose built
AGES: 6 Weeks - School Age
ANNUAL RENT REVIEWS: 3%
MARKET REVIEWS: Market reviews at the commencement of each further term.
All options have a ratchet clause.
OUTGOINGS: Triple net lease. All out goings, Land tax, and GST are paid by the tenant
RENTAL (Net pa): $212,000 net pa + out goings + GST
For full Information Memorandum and copy of the lease please email me on andrew.acb@randw.com.au

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Property History for 21 Veales Rd, Jensen, QLD 4818

A timeline of how this property has performed in the market
Last Sold
$2,870,000
06 Oct 2016
  • 06 Oct 2016
    Sold for $2,870,000
  • 21 Mar 2016
    Listed for Sale $2,975,000
  • 17 May 2013
    Sold for $1,740,000
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About Jensen 4818

The size of Jensen is approximately 14.9 square kilometres. It has 2 parks covering nearly 0.8% of total area. The population of Jensen in 2011 was 1,372 people. By 2016 the population was 1,497 showing a population growth of 9.1% in the area during that time. The predominant age group in Jensen is 10-19 years. Households in Jensen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Jensen work in a trades occupation. In 2011, 84.2% of the homes in Jensen were owner-occupied compared with 88.4% in 2016.

Jensen has 995 properties. Over the last 5 years, Houses in Jensen have seen a 96.82% increase in median value, while Units have seen a 144.02% increase. As at 31 October 2024:

  • The median value for Houses in Jensen is $653,859 while the median value for Units is $742,363.
  • Houses have a median rent of $500.
There are currently 17 properties listed for sale, and no properties listed for rent in Jensen on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Jensen.

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