OFF MARKET

101 Kandanga Creek Road
Kandanga QLD 4570

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 401210m2
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Property Details for 101 Kandanga Creek Rd, Kandanga

Building Type
Rural
Land Size
401210m2
Local Government
Gympie Regional
Lot/Plan
12/RP845087

Last Listing description (October 2014)

Investment opportunity
Extensive Kandanga Creek frontage on this 40.12 Ha (99.13 acres approximately) rural property. There is a lowset brick dwelling, farm sheds, a large stable complex and adjoining sand ring. Part of the property is subject to a long-term lease. Tenants have lease in place until 2035.
This three bedroom lowset brick home is conveniently located on the outskirts of Kandanga township and has hundreds of metres of Kandanga Creek frontage. The property is currently utilised as a horse training facility. There is a large stable complex of 18 stalls and trainers facilities along with the associated yards. The property also includes farm sheds, double garage, covered sand ring and day yards. The property would suit a race horse training or breeding facility.

??? 40.12 Ha (99.13 acres approximately)
??? One dwelling with three bedrooms
??? Large stable complex, trainer facilities and yards
??? Hundreds of metres of Kandanga Creek frontage
??? Farm sheds
??? Close to Kandanga.
An area of 11.38 Ha of the property is subject to a long-term lease until 2035.
Final lease expiry date: 30.06.2035
Number of lease tranches: 4
Lease tranche details: 12.10.2007 - 30.06.2011, 01.07.2011 - 30.06.2019, 01.07.2019 - 30.06.2027, 01.07.2017 - 30.06.2035
Annual rent: $7,430
Rent reviews: CPI annually with market review every three years
Outgoings responsibility: The tenant is responsible for the payment of council rates and building insurance.
Valuation - encumbered: $370,000
Valuation - unencumbered: $620,000
Note : The above figures are the result of an independent
market valuation recently carried out for the Queensland Government by a private valuation company.
Offers close 5pm, 29 October 2014.

Property History for 101 Kandanga Creek Rd, Kandanga, QLD 4570

A timeline of how this property has performed in the market
Last Sold
$435,000
12 Nov 2014
  • 12 Nov 2014
    Sold for $435,000
  • 15 Oct 2014
    Listed for Sale OFFERS FROM $370,000
  • 05 Oct 2007
    Sold for $1,950,000
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About Kandanga 4570

The size of Kandanga is approximately 47.2 square kilometres. The population of Kandanga in 2011 was 535 people. By 2016 the population was 664 showing a population growth of 24.1% in the area during that time. The predominant age group in Kandanga is 50-59 years. Households in Kandanga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kandanga work in a labourer occupation. In 2011, 42.4% of the homes in Kandanga were owner-occupied compared with 66.8% in 2016.

Kandanga has 312 properties. Over the last 5 years, Houses in Kandanga have seen a 107.44% increase in median value, while Units have seen a -32.50% decrease. As at 31 October 2024:

  • The median value for Houses in Kandanga is $734,841 while the median value for Units is $659,650.
  • Houses have a median rent of $330.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Kandanga on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Kandanga.

Suburb Insights for Kandanga 4570

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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.