SOLD
RECENT ADVICE
Sold on 13 Sep 2024 for $5,200,000

26 School Street
Kelvin Grove QLD 4059

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 101m2
Land area: 1783m2
Sold By
Gary Lloyds
Lloyds Real Estate Australia
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Property Details for 26 School St, Kelvin Grove

Building Type
Commercial
Year Built
1980
Floor Size
101m2
Land Size
1783m2
Local Government
Brisbane
Lot/Plan
114/B3151

Last Listing description (October 2024)

Lloyds Real Estate Australia & H&H Advisory are proud to offer 26 School Street Kelvin Grove for sale by Public Auction onsite 13 September 11am.

Kelvin Grove is located just a few kilometers from Brisbane CBD with a well connected transport hub. The area has high demand for office space , education services, technology and creative industries.

The building is brand new 3 level childcare centre constructed in accordance with the approved plans.

Building Features:
Childcare centre - 100 places
Land area 1,783 sqm
Building 739 sqm+ verandah 204sqm
19 onsite carparks
Fully fenced with electronic gate

The building could be used for other users such as education, health & medical, community services or corporate office subject to council consent

Overall, Kelvin Grove presents a promising opportunity for commercial investment properties, with its strategic location, growing population, diverse commercial opportunities, and supportive business environment.

An occupancy certificate and childcare licence has not been issued for the property. Prospective buyers are encouraged to conduct their own research and due diligence with respect to the permitted use of the property.

The property is being sold on an as-is-where is basis with no warranties being provided regarding the usage of the property.

Property History for 26 School St, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$5,200,000
13 Sep 2024
  • 13 Sep 2024
    Sold for $5,200,000
  • 20 Aug 2024
    Listed for Sale Auction
  • 12 Aug 2017
    Sold for $2,310,000
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About Kelvin Grove 4059

The size of Kelvin Grove is approximately 1.7 square kilometres. It has 12 parks covering nearly 7.5% of total area. The population of Kelvin Grove in 2011 was 6,017 people. By 2016 the population was 7,913 showing a population growth of 31.5% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation. In 2011, 37.6% of the homes in Kelvin Grove were owner-occupied compared with 32.1% in 2016.

Kelvin Grove has 4,053 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 54.00% increase in median value, while Units have seen a 61.12% increase. As at 31 October 2024:

  • The median value for Houses in Kelvin Grove is $1,301,998 while the median value for Units is $629,720.
  • Houses have a median rent of $675 while Units have a median rent of $630.
There are currently 23 properties listed for sale, and 17 properties listed for rent in Kelvin grove on OnTheHouse. According to CoreLogic's data, 195 properties were sold in the past 12 months in Kelvin grove.

Suburb Insights for Kelvin Grove 4059

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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.