821 Ruthven StreetKearneys Spring QLD 4350
Property Details for 821 Ruthven St, Kearneys Spring
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
Property History for 821 Ruthven St, Kearneys Spring, QLD 4350
- 09 Feb 2024Sold for $4,700,000
- 30 Oct 2023Listed 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 4,753 properties. Over the last 5 years, Houses in Kearneys Spring have seen a 81.70% increase in median value, while Units have seen a 46.70% increase. As at 31 July 2024:
- The median value for Houses in Kearneys Spring is $642,054 while the median value for Units is $390,112.
- Houses have a median rent of $523 while Units have a median rent of $400.
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