25-27 Campbell StreetMillmerran QLD 4357
Property Details for 25-27 Campbell St, Millmerran
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
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
Property History for 25-27 Campbell St, Millmerran, QLD 4357
- 16 Sep 2024Sold for $962,500
- 09 Aug 2024Listed for Sale Auction Friday 6/09/24 at 9:45am
- 24 Sep 2021Sold for $857,500
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0About 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 952 properties. Over the last 5 years, Houses in Millmerran have seen a 110.18% increase in median value, while Units have seen a 6.95% increase. As at 30 November 2024:
- The median value for Houses in Millmerran is $369,014 while the median value for Units is $328,010.
- Houses have a median rent of $290 while Units have a median rent of $180.
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