27-29 Geordie RoadMonkland QLD 4570
Property Details for 27-29 Geordie Rd, Monkland
Last Listing description (June 2023)
RARE Freehold Passive Investment opportunity. Located 170km North of Brisbane, this is a fantastic opportunity to secure a good quality Motel. The current owners have done an outstanding job, You won't be disappointed, solid brick construction featuring 32 Motel units and a good managers residence. 8 years remaining on the lease.
Don't miss this one, they rarely come to market.
Property Code: 1144
Property History for 27-29 Geordie Rd, Monkland, QLD 4570
- 25 Jul 2023Sold for $4,150,000
- 23 Jun 2023Listed for Sale $4,150,000
- 18 Oct 2019Listed for Sale $800,000
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0About 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 668 properties. Over the last 5 years, Houses in Monkland have seen a 118.33% increase in median value, while Units have seen a 49.58% increase. As at 31 January 2025:
- The median value for Houses in Monkland is $553,105 while the median value for Units is $423,962.
- Houses have a median rent of $485 while Units have a median rent of $242.
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