SOLD
Sold on 15 Dec 2023 for $550,000

15 Kingaroy Street
Kingaroy QLD 4610

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 4423m2
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Property Details for 15 Kingaroy St, Kingaroy

Building Type
Commercial
Land Size
4423m2
Local Government
South Burnett Regional
Lot/Plan
384/FY2765

Last Listing description (February 2024)

In the industrious heart of Kingaroy, where business and opportunity converge, sits a prime industrial property on a substantial 4,423m2 corner allotment. This light industry zoned site, boasting main street prominence and the convenience of dual street frontage, is a hub of potential for savvy investors or business owners.
Central to this property is a robust Besser brick office building. Within its walls, you'll find two well-appointed internal offices, a welcoming reception area, and essential amenities including reverse cycle air conditioning, a kitchen, and toilet facilities and patio. This functional office space forms the nerve centre of the property, offering a professional environment for administrative tasks and client meetings.
Adjacent lies a significant industrial asset - an approximately 25m x 12m shed. This substantial structure is equipped with additional toilet and shower facilities, underscoring the property's readiness for a variety of industrial or manufacturing applications. The versatility of this space is further enhanced by an 18m x 25m awning, set at an extra height, ideal for larger vehicles, machinery, or storage. Plus, 6x6m carport of office vehicles

One of the most attractive aspects of this property is its current lease arrangement. The lease is on a periodic basis, providing flexibility for new owners. It presents an opportunity for immediate occupancy by a new business or, alternatively, the current tenants are happy to continue their tenure, offering an immediate and ongoing return on investment.
Moreover, the sizeable allotment still has substantial space available, presenting a unique opportunity to expand or diversify. This could include the development of additional storage sheds or another commercial enterprise, subject to relevant approvals.
Situated on the main thoroughfare in Kingaroy, this property is not just a commercial space but a strategic investment. The location ensures high visibility and ease of access, vital components for commercial success. Whether as a base for operations, an investment with existing returns, or a site for future development, this property stands as a versatile and valuable asset in the thriving industrial landscape of Kingaroy.

Property History for 15 Kingaroy St, Kingaroy, QLD 4610

A timeline of how this property has performed in the market
Last Sold
$550,000
15 Dec 2023
  • 15 Dec 2023
    Sold for $550,000
  • 17 Nov 2023
    Listed for Sale $580,000
  • 15 Nov 2002
    Sold for $170,000

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About Kingaroy 4610

The size of Kingaroy is approximately 68.6 square kilometres. It has 19 parks covering nearly 1.5% of total area. The population of Kingaroy in 2011 was 9,522 people. By 2016 the population was 10,026 showing a population growth of 5.3% in the area during that time. The predominant age group in Kingaroy is 0-9 years. Households in Kingaroy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kingaroy work in a labourer occupation. In 2011, 59% of the homes in Kingaroy were owner-occupied compared with 56.3% in 2016.

Kingaroy has 5,582 properties. Over the last 5 years, Houses in Kingaroy have seen a 103.29% increase in median value, while Units have seen a 60.56% increase. As at 31 October 2024:

  • The median value for Houses in Kingaroy is $441,434 while the median value for Units is $295,488.
  • Houses have a median rent of $465 while Units have a median rent of $350.
There are currently 63 properties listed for sale, and 32 properties listed for rent in Kingaroy on OnTheHouse. According to CoreLogic's data, 281 properties were sold in the past 12 months in Kingaroy.

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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.