SOLD
Sold on 04 Apr 2024 for $400,000

197 Kingaroy Street
Kingaroy QLD 4610

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 475m2
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Property Details for 197 Kingaroy St, Kingaroy

Building Type
Commercial
Land Size
475m2
Local Government
South Burnett Regional
Lot/Plan
2/RP116481

Last Listing description (September 2023)

This property offers a unique opportunity for those seeking a prime commercial freehold property in the heart of Kingaroy CBD area.
The property is currently lease - two retail/caf shops in the main street of Kingaroy. There is dual street access with access available both from Kingaroy Street and Circular Place.

Key Features:
Land size 475m2.
Local Authority - South Burnett Regional Council
Primary Land Use - Shopping Group 2 -6 shops
Zoning - Business

Good parking both in front of the buildings and off-street Council car parking space behind the building. Both have front and rear access to the building.

197 Kingaroy Street is currently used as a bakery business. The lease is periodic (month to month). Tenants are currently paying $22,195 + GST+ 50% outgoings Approx. per annum.

199 Kingaroy Street, is currently a caf, utilizing the front footpath area for patrons. The current lease expires 31/08/24. Tenants are currently paying $16,900 plus GST plus 50% outgoings.

With a prominent position on Kingaroy Street, the property benefits from high foot traffic and maximum visibility. The recently completed CBD project has complimented the area.

Tightly held location in Kingaroy. Contact listing agent to arrange an inspection.

Property History for 197 Kingaroy St, Kingaroy, QLD 4610

A timeline of how this property has performed in the market
Last Sold
$400,000
04 Apr 2024
  • 04 Apr 2024
    Sold for $400,000
  • 25 Sep 2023
    Listed for Sale $460,000 (inclusive of GST)
  • 20 Jul 2020
    Sold for $39,000
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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.

Suburb Insights for Kingaroy 4610

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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.