OFF MARKET

7 Caroline Street
Mitchell QLD 4465

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 4273m2
Land area: 4273m2
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Property Details for 7 Caroline St, Mitchell

Building Type
Commercial
Floor Size
4273m2
Land Size
4273m2
Local Government
Maranoa Regional
Lot/Plan
3/M15119

Last Listing description (July 2021)

- Mitchell's only Motel
- Land Area: 4,273 square meters, corner location
- 12 Motel Units, 3 Units have Queen beds plus single beds

- 6 Family Cabins, 2x 2 bedrooms and 4x 1 bedroom
- All have undercover parking
- Currently at 75% occupancy

The Motel is in good condition and well maintained. There is a BBQ and outdoor entertaining area with tables and seating. The occupancy rate and therefore the income have fallen in the past two years which is mainly because of the severe drought affecting south west Queensland. The motel has strong goodwill having been established for many years.

Main building comprises:
- Reception
- Office
- Lounge
- Kitchen & Dining
- Storage
- 2 bedrooms and 2 bathrooms
- Laundry
- Store room
- Undercover BBQ Area
- Garage/shed workshop, garden shed, storage shed

For enquiries please contact Shane Kennett on 0407 161 513.

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Property History for 7 Caroline St, Mitchell, QLD 4465

A timeline of how this property has performed in the market
Last Sold
$880,000
18 Sep 2023
  • 18 Sep 2023
    Sold for $880,000
  • 01 Jun 2021
    Sold for $603,000
  • 19 Sep 2019
    Listed for Sale 685,000.00
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About Mitchell 4465

The size of Mitchell is approximately 602.6 square kilometres. It has 5 parks covering nearly 2.6% of total area. The population of Mitchell in 2011 was 1,310 people. By 2016 the population was 1,042 showing a population decline of 20.5% in the area during that time. The predominant age group in Mitchell is 0-9 years. Households in Mitchell are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mitchell work in a managers occupation. In 2011, 68.4% of the homes in Mitchell were owner-occupied compared with 71.2% in 2016.

Mitchell has 712 properties. Over the last 5 years, Houses in Mitchell have seen a 66.80% increase in median value. As at 30 November 2024:

  • The median value for Houses in Mitchell is $163,787 while the median value for Units is $237,310.
  • Houses have a median rent of $170.
There are currently 16 properties listed for sale, and 1 property listed for rent in Mitchell on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Mitchell.

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