264 Brisbane RoadMonkland QLD 4570
Property Details for 264 Brisbane Rd, Monkland
Last Listing description (February 2023)
Emily Pendleton from Ray White Northern Corridor Group is pleased to present this sale opportunity at 262-264 Brisbane Road, Monkland.
The property consists of two freestanding warehouses offering a dual income from two separate tenants. There is ample hardstand with 4,238m2 or land area and combined building area of 1,743m2 across the two sheds. The holding income at present is $176,000 P/A Net. The sheds are both under rented and should be paying closer to $210,000 P/A Net at $120/m2. The leases are 12 months or under so there is also opportunity for an owner occupier to purchase the site with holding income. There is ample future development and value add opportunities with this site.
Property Features:
- Shed 2 - 1,032m2 warehouse + 48m2 office + 78m2 storage
- 4,238m2 land area
- $176,000 current income
- $210,000 potential income
- Tenants pay 100% of the outgoings
There is nothing on the market to buy or lease in this area and the demand is high. We do not expect this property to last long. For further information please contact the exclusive marketing agent Emily Pendleton on 0402 435 446.
Property History for 264 Brisbane Rd, Monkland, QLD 4570
- 14 Oct 2022Listed for Sale $3,000,000
- 28 Feb 2015Listed for Rent - Price not available
- 08 Jul 2013Sold for $1,300,000
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About Monkland 4570
The size of Monkland is approximately 5.5 square kilometres. It has 4 parks covering nearly 11.8% of total area. The population of Monkland in 2011 was 1,161 people. By 2016 the population was 1,125 showing a population decline of 3.1% in the area during that time. The predominant age group in Monkland is 0-9 years. Households in Monkland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Monkland work in a labourer occupation. In 2011, 57.5% of the homes in Monkland were owner-occupied compared with 55.7% in 2016.
Monkland has 666 properties. Over the last 5 years, Houses in Monkland have seen a 104.19% increase in median value, while Units have seen a 48.56% increase. As at 31 October 2024:
- The median value for Houses in Monkland is $530,171 while the median value for Units is $413,493.
- Houses have a median rent of $480 while Units have a median rent of $242.
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