SOLD
Sold on 16 Sep 2024 for $962,500

25-27 Campbell Street
Millmerran QLD 4357

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3m2
Land area: 1129m2
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Property Details for 25-27 Campbell St, Millmerran

Building Type
Commercial
Floor Size
3m2
Land Size
1129m2
Local Government
Toowoomba Regional
Lot/Plan
2/RP198817

Last Listing description (October 2024)

RWC Retail are proud to present IGA Millmerran, for sale by Auction on Friday 6th September 2024 at Level 26, 111 Eagle Street, Brisbane City.

|What|
Fully leased 1,260sqm* retail investment, 90% underpinned by an IGA Supermarket

Anchored by IGA on a 15 year term to 2029, with an option to 2034.
Ultra low maintenance investment with just 2 tenants
WALE of 4.23 years (by area)
Net Income of $90,015 + GST p.a.

|Where|
1,565sqm* land parcel with 2-street frontage in Millmerran
80km* West of Toowoomba in the word-renowned Darling Downs region
Located on the Gore Highway, forming part of the primary inland route between Brisbane and Melbourne
Soon to be serviced by the federal Inland Rail project, one of Australia's largest infrastructure projects

|Why|
Anchored by the only full-line supermarket in Millmerran
Inflation resilient CPI increases for the IGA Supermarket, providing a defensive income profile
Immediate & long-term rental reversion upside, with the IGA and Tobacconist on very affordable $80/sqm* and $128/sqm* gross rents

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Property History for 25-27 Campbell St, Millmerran, QLD 4357

A timeline of how this property has performed in the market
Last Sold
$962,500
16 Sep 2024
  • 16 Sep 2024
    Sold for $962,500
  • 09 Aug 2024
    Listed for Sale Auction Friday 6/09/24 at 9:45am
  • 24 Sep 2021
    Sold for $857,500
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About Millmerran 4357

The size of Millmerran is approximately 140.8 square kilometres. It has 11 parks covering nearly 0.3% of total area. The population of Millmerran in 2011 was 1,564 people. By 2016 the population was 1,580 showing a population growth of 1.0% in the area during that time. The predominant age group in Millmerran is 50-59 years. Households in Millmerran are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millmerran work in a labourer occupation. In 2011, 65.4% of the homes in Millmerran were owner-occupied compared with 64.6% in 2016.

Millmerran has 950 properties. Over the last 5 years, Houses in Millmerran have seen a 88.40% increase in median value, while Units have seen a 12.59% increase. As at 31 October 2024:

  • The median value for Houses in Millmerran is $362,244 while the median value for Units is $329,341.
  • Houses have a median rent of $290 while Units have a median rent of $180.
There are currently 7 properties listed for sale, and no properties listed for rent in Millmerran on OnTheHouse. According to CoreLogic's data, 38 properties were sold in the past 12 months in Millmerran.

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Lachlan O'Keeffe
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Michael Feltoe
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RWC Retail QLD
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