78 West StreetMenzies QLD 4825
Property Details for 78 West St, Menzies
Last Listing description (June 2023)
Jays Real Estate is proud to offer to the market 78 West St, a 2254m2 corner block featuring 966m2 of build area.
Currently tenanted to a local hire business who has been in place for many years and diagonally opposite the new Bunnings build. Located on busy West St, the property is the perfect location for businesses such as this one, leased until 2024 with a 3 year option and great returns.
Quality commercial properties in Mount Isa are tightly held due to high returns and the shortage of stock available in the leasing and sales market.
Leased to long term highly reputable equipment hire and sales business
2254m2* site
Mixture of workshops, office, storage and sales floor
602m2* main office/showroom and workshop
333m2* shed with office separate to the main building was previously sublet to another business
69m2* covered area for loading vehicles
Excellent visibility and access
Lease Details:
Leased to Mount Isa Hire Service and Sales
3 Year Lease to 2024 plus 3 Year Option to 2027
Current net rent $65,000* plus gst per annum
Outgoings paid by Lessee
For further detailed information or inspection contact:
Jeff Constable - 0405 430 450 ; email: jeff@jaysre.com.au
*indicates approximate
Property History for 78 West St, Menzies, QLD 4825
- 13 Dec 2022Listed for Sale $680,000
- 29 Sep 1997Sold for $110,000
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0About Menzies 4825
The size of Menzies is approximately 1 square kilometres. It has 2 parks covering nearly 37.5% of total area. The population of Menzies in 2011 was 965 people. By 2016 the population was 987 showing a population growth of 2.3% in the area during that time. The predominant age group in Menzies is 20-29 years. Households in Menzies are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Menzies work in a trades occupation. In 2011, 36.6% of the homes in Menzies were owner-occupied compared with 34.3% in 2016.
Menzies has 566 properties. Over the last 5 years, Houses in Menzies have seen a 17.74% increase in median value, while Units have seen a -26.05% decrease. As at 31 October 2024:
- The median value for Houses in Menzies is $240,887 while the median value for Units is $248,897.
- Houses have a median rent of $410 while Units have a median rent of $295.
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