33-35 Newton StreetMonto QLD 4630
Property Details for 33-35 Newton St, Monto
Last Listing description (November 2023)
NEWSFLASH - FAMILY EMERGENCY HAS FORCED THIS PROPERTY TO BE REDUCED BY $100,000. IT IS NOW FOR IMMEDIATE SALE AT $285,000 - NEWSFLASH
Rare opportunity to buy this commercial property which has two leased tenants. It's the best value property on my books which would make it ideal for someone looking to start a portfolio without spending bucket loads of money.
Monto is west of Bundaberg and is known as the hub for cattle and rare earth mines which are located in the hills.
Located on the main street with approximately 12 metres of street frontage. Total block size is 597m2 in a rectangular format. The building is in the high middle section of the main street of town and sits next to the busy Mitre 10 and professional offices.
The two tenancies cover a total of 440 m2 of build area. The major tenancy is a bakery (235m2) which has been here for decades and has a lease till May 24. The minor tenancy is a newsagency (205 m2) which is leased till March 24 with a 3 year option thereafter.
Car parking is available at the back of the property with plenty of street parking out the front as the main street has both kerbside and central parking. There is a loading area out the back which goes to a side street for easy access.
The property is single story with a new roof installed above the newsagency about ten years ago. The building is of solid block construction.
If you are looking for a solid investment with future peace of mind then call Peter on 0421 253 771 at Bundaberg Commercial for a property profile.
Property History for 33-35 Newton St, Monto, QLD 4630
- 14 Jun 2022Listed for Sale $415,000
- 10 Dec 2017Listed for Sale Not Disclosed
- 24 May 1993Sold for $110,000
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0About Monto 4630
The size of Monto is approximately 59.2 square kilometres. It has 12 parks covering nearly 1.2% of total area. The population of Monto in 2011 was 1,307 people. By 2016 the population was 1,166 showing a population decline of 10.8% in the area during that time. The predominant age group in Monto is 60-69 years. Households in Monto are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Monto work in a managers occupation. In 2011, 65% of the homes in Monto were owner-occupied compared with 64.6% in 2016.
Monto has 863 properties. Over the last 5 years, Houses in Monto have seen a 134.78% increase in median value, while Units have seen a 435.65% increase. As at 31 October 2024:
- The median value for Houses in Monto is $229,920 while the median value for Units is $208,587.
- Houses have a median rent of $350.
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