OFF MARKET

11 Penny Street
Millbank QLD 4670

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 617m2
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Last updated 11 Nov 2024
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Property Details for 11 Penny St, Millbank

11 Penny St, Millbank is a 0 bedroom, 0 bathroom House. The property has a land size of 617m2. While the property is not currently for sale or for rent, it was last sold in April 2010.

Building Type
House
Land Size
617m2
Local Government
Bundaberg Regional
Lot/Plan
5/RP95125

Last Listing description (July 2023)

Colliers are pleased to present for sale 11 Penny Lane Branyan, Queensland. The Branyan Neighbourhood Centre is DA Approved commercial site which presents a prime opportunity to acquire a 'development ready' project in Bundaberg's residential growth corridor.

This corner site is located at the entrance to The Habitat residential project which is in the final stages of construction. Neighbouring a new 89 place childcare centre with sight lines to the busy Branyan Drive the property is well suited to a range of commercial and retail uses. Major residential and retirement development sites surround this location ensuring a growing aspirational population into the future.

Branyan is one of Bundaberg's most sought after new residential addresses given its proximity to the CBD, Stockland shopping centre and schools. The Habitat estate is located directly opposite the Branyan State School with the city's best private schools nearby and the Central Queensland University just up the road.

Highlights of the opportunity include:

6,165m* land parcel
DA Approved Mixed Use / Retail Centre 2,500m* Net Lettable Area
Adjoins brand new 89 place childcare centre
Adjacent to Branyan State School and Branyan Drive arterial road
Part of the acclaimed and now completed Habitat Branyan residential estate
Key corner site location
Existing primary catchment 7,000+ persons
Prime location Gateway to Bundaberg's Western Growth Corridor
o Totals 435* hectares
o 5,000+ additional dwellings
o 12,000+ additional persons

Please contact the exclusive agent below for a confidential discussion about the property and to receive the Information Memorandum and other pertinent material.

*Approximately

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Property History for 11 Penny St, Millbank, QLD 4670

A timeline of how this property has performed in the market
Last Sold
$215,000
27 Apr 2010
  • 10 Nov 2021
    Listed for Sale Please contact agent
  • 18 Jan 2018
    Listed for Sale $493,625
  • 14 Jun 2017
    Listed for Sale $495,823
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About Millbank 4670

The size of Millbank is approximately 3.4 square kilometres. It has 4 parks covering nearly 7.8% of total area. The population of Millbank in 2011 was 2,601 people. By 2016 the population was 2,516 showing a population decline of 3.3% in the area during that time. The predominant age group in Millbank is 60-69 years. Households in Millbank are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millbank work in a professional occupation. In 2011, 60.4% of the homes in Millbank were owner-occupied compared with 55.7% in 2016.

Millbank has 1,208 properties. Over the last 5 years, Houses in Millbank have seen a 118.49% increase in median value, while Units have seen a 80.01% increase. As at 31 October 2024:

  • The median value for Houses in Millbank is $509,231 while the median value for Units is $368,389.
  • Houses have a median rent of $500 while Units have a median rent of $355.
There are currently 3 properties listed for sale, and no properties listed for rent in Millbank on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Millbank.

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