2 River AvenueMighell QLD 4860
Property Details for 2 River Ave, Mighell
Last Listing description (October 2022)
Impeccably presented motel containing 42 rooms, 50 seat restaurant, 25 seat bistro, fully equipped bar, outdoor undercover deck looking over salt water pool set in lush tropical gardens.
3 bedroom residence with private balconies to each room. This leasehold motel is one of the best in Queensland, located in North Queensland's wet tropics and is the leading accommodation in town.
A very profitable business with good rent to turn over ratio
Inspections are by appointment only and will not disappoint
Property History for 2 River Ave, Mighell, QLD 4860
- 15 Aug 2019Listed for Sale $1,320,000
- 25 Jun 2007Sold for $1,800,000
- 26 Jul 2002Sold for $1,350,000
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0About Mighell 4860
The size of Mighell is approximately 4.3 square kilometres. It has 3 parks covering nearly 2.3% of total area. The population of Mighell in 2011 was 384 people. By 2016 the population was 374 showing a population decline of 2.6% in the area during that time. The predominant age group in Mighell is 50-59 years. Households in Mighell are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Mighell work in a labourer occupation. In 2011, 48.8% of the homes in Mighell were owner-occupied compared with 50% in 2016.
Mighell has 241 properties. Over the last 5 years, Houses in Mighell have seen a 59.28% increase in median value, while Units have seen a 40.10% increase. As at 31 October 2024:
- The median value for Houses in Mighell is $289,198 while the median value for Units is $227,856.
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