OFF MARKET

35 Palmer Street
Karumba QLD 4891

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 141m2
Land area: 1012m2
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Property Details for 35 Palmer St, Karumba

35 Palmer St, Karumba is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 1012m2 and floor size of 141m2. While the property is not currently for sale or for rent, it was last sold in April 2010.

Building Type
House
Year Built
1960
Floor Size
141m2
Land Size
1012m2
Local Government
Carpentaria
Lot/Plan
1/K36411

Last Listing description (August 2024)

FAR NORTH QUEENSLAND LIFESTYLE CHANGE

This ready to go business premises has a four bedroom home on site to live in or for on site management , plus extra accommodation for staff to be able to be provided .

THE HOME

Situated on the waterfront in Karumba on the Gulf of Carpentaria, Nth Qld, the home features 4 good-sized bedrooms, a large open kitchen, living , dining room and two bathrooms. The property also has two additional structures on site, one set up as granny flat accommodation, that could also be utilised as staff accommodation for the business. The second structure has been used in the past for business general storage/workshop.

There is also an extra large shed out back that can be lined and used for extra accommodation.

THE BUSINESS OPPORTUNITY
There is a sizeable store and coffee shop site at the front of the property. This is the perfect opportunity for a motivated/energetic couple or family to own and operate a take away food shop / general store /coffee shop all in one location. According to the most recent GSD Tourism Report, there are approximatley 55,000 visitors to the region each year, this could be an ideal and unique business opportunity in this town to service both the local community and visitors to the region.

Whilst the business is no longer running (due to poor health),most appliances and furnishings are still on site and would be usable immediately , to restart the business.

For more information, call THE MARTINS at Helen Munro Property

Brian 0437 959 984
Lorraine 0419 755 109

Property History for 35 Palmer St, Karumba, QLD 4891

A timeline of how this property has performed in the market
Last Sold
$380,000
27 Apr 2010
  • 16 Apr 2024
    Listed for Sale $699,000
  • 17 Aug 2017
    Listed for Sale $1,300,000
  • 27 Apr 2010
    Sold for $380,000
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About Karumba 4891

The size of Karumba is approximately 136.9 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Karumba in 2011 was 587 people. By 2016 the population was 522 showing a population decline of 11.1% in the area during that time. The predominant age group in Karumba is 50-59 years. Households in Karumba are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Karumba work in a labourer occupation. In 2011, 50% of the homes in Karumba were owner-occupied compared with 57.4% in 2016.

Karumba has 410 properties. Over the last 5 years, Houses in Karumba have seen a 4.74% increase in median value, while Units have seen a -4.36% decrease. As at 31 October 2024:

  • The median value for Houses in Karumba is $157,178 while the median value for Units is $288,166.
There are currently 7 properties listed for sale, and no properties listed for rent in Karumba on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Karumba.

Suburb Insights for Karumba 4891

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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.