SOLD
Sold on 09 Feb 2024 for $4,700,000

821 Ruthven Street
Kearneys Spring QLD 4350

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 27870m2
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Property Details for 821 Ruthven St, Kearneys Spring

Building Type
Commercial
Land Size
27870m2
Local Government
Toowoomba Regional
Lot/Plan
2/RP168018

Last Listing description (June 2024)

On behalf of our valued client, L J Hooker Commercial Toowoomba are pleased to present to the market 821 Ruthven Street, Kearney's Spring.

For 45 years this property has been home to Toowoomba Motor Village developed, owned, and operated by the same family providing a comfortable, affordable, and welcoming environment for tourists, nomads and families holidaying in the Toowoomba region.

This strategically positioned 2.79-hectare land parcel provides the potential purchaser a property oozing potential, with its unique blend of high visibility, an established business, substantial land area, development upside and noteworthy daily traffic.

These intangibles make this a standout opportunity for investors, developers and owner occupiers looking for a strong foundation, immediate returns and substantial growth potential.

Key Features:
- 27,900m2* of Low- Medium Density Residential land
- Situated on a high-volume dual carriageway, with exposure to 20,000 vehicles daily
- 110 Dwellings onsite as part of 'Toowoomba Motor Village'
- 110m frontage along Ruthven Street providing easy access and visibility
- Surrounded by substantial national tenants including, Red Rooster, BP McDonalds, Kmart & Coles

For more information, to arrange an inspection or for a confidential conversation please call the Exclusive Agents Mike Stewart, Chris Stewart or Nicole McEwan.

*approx

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Property History for 821 Ruthven St, Kearneys Spring, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$4,700,000
09 Feb 2024
  • 09 Feb 2024
    Sold for $4,700,000
  • 30 Oct 2023
    Listed for Sale Under Contract

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About Kearneys Spring 4350

The size of Kearneys Spring is approximately 6.5 square kilometres. It has 22 parks covering nearly 15.1% of total area. The population of Kearneys Spring in 2011 was 7,347 people. By 2016 the population was 8,557 showing a population growth of 16.5% in the area during that time. The predominant age group in Kearneys Spring is 20-29 years. Households in Kearneys Spring are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kearneys Spring work in a professional occupation. In 2011, 51.6% of the homes in Kearneys Spring were owner-occupied compared with 49.1% in 2016.

Kearneys Spring has 4,762 properties. Over the last 5 years, Houses in Kearneys Spring have seen a 89.87% increase in median value, while Units have seen a 68.90% increase. As at 31 October 2024:

  • The median value for Houses in Kearneys Spring is $673,363 while the median value for Units is $440,681.
  • Houses have a median rent of $530 while Units have a median rent of $400.
There are currently 44 properties listed for sale, and 15 properties listed for rent in Kearneys spring on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Kearneys spring.

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