SOLD
Sold on 28 Oct 2024 for $2,850,000

160-162 Hoare Street
Manoora QLD 4870

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 635m2
Land area: 1288m2
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Property Details for 160-162 Hoare St, Manoora

Building Type
Commercial
Floor Size
635m2
Land Size
1288m2
Local Government
Cairns Regional
Lot/Plan
7/RP851612

Last Listing description (May 2021)

+ Renewed Triple Net Lease to Goodstart Early Learning to 2029
+ Goodstart Early Learning: Australia's largest early education provider with 649 centres nationally
+ Triple Net Lease: Tenant pays 100% of outgoings including: all maintenance (both capital and structural), land tax, rates, management fees and insurance

+ Minimum 2.5% annual rent increases with market reviews at the commencement of each further term
+ Long established child care facility, licensed for 68 LDC places
+ Prominent 1,288 sqm main road site adjacent to Cairns West State School and only 400 metres from Raintrees Shopping Centre underpinned by Woolworths & 44 specialty stores
+ Cairns: Gateway to Australia's Great Barrier Reef, with an economic output of $10.25 billion and supporting 87,392 local residence.
+ Childcare/Early Education is an essential service and one of Australia's most sought-after asset classes, with the Federal and State Governments providing record funding of $10.5 billion in the 2019/20 financial year
+ Net Income: $155,773 pa + GST and Outgoings (June 2021)

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021 (unless sold prior)
Crown Casino, Melbourne

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Property History for 160-162 Hoare St, Manoora, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$2,850,000
28 Oct 2024
  • 28 Oct 2024
    Sold for $2,850,000
  • 10 May 2021
    Sold for $2,510,000
  • 13 Apr 2021
    Listed for Sale Price on Request
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About Manoora 4870

The size of Manoora is approximately 2.2 square kilometres. It has 7 parks covering nearly 9.9% of total area. The population of Manoora in 2011 was 5,688 people. By 2016 the population was 6,032 showing a population growth of 6.0% in the area during that time. The predominant age group in Manoora is 0-9 years. Households in Manoora are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Manoora work in a community and personal service occupation. In 2011, 34.8% of the homes in Manoora were owner-occupied compared with 32% in 2016.

Manoora has 3,169 properties. Over the last 5 years, Houses in Manoora have seen a 62.63% increase in median value, while Units have seen a 106.51% increase. As at 30 November 2024:

  • The median value for Houses in Manoora is $512,984 while the median value for Units is $317,172.
  • Houses have a median rent of $463 while Units have a median rent of $420.
There are currently 34 properties listed for sale, and 12 properties listed for rent in Manoora on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Manoora.

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