89 West StreetMenzies QLD 4825
Property Details for 89 West St, Menzies
Last Listing description (May 2022)
Brand new 10-year lease to 2032 plus options to 2080.
Secured by Bunnings Group Limited, Australia's leading DIY home improvement retailer.
Bunnings recently announced a 26.1% sales growth over the past 2 years (1).
Annual rent reviews.
Brand new development, opened in February 2022, with 64% of year 1 rent ($442,000) potentially tax deductible (2).
15,430sqm corner landholding with 165 at-grade car spaces.
Strategic location in major regional hub supported by Coles, Kmart, Woolworths, KFC and McDonald's, all within 1km.
Mount Isa: median house price up 23% in the last 12 months (3).
Net Income: $695,000pa*
For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 11 May 2022
Crown - Melbourne
*Approx
1 Wesfarmers
2 Mazo Pty Ltd
3 CoreLogic
Property History for 89 West St, Menzies, QLD 4825
- 11 May 2022Sold for $16,202,000
- 11 Apr 2022Listed for Sale Price on Request
- 06 Sep 2016Sold for $550,000
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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.
Suburb Insights for Menzies 4825
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