SOLD
Sold on 17 Jul 2024 for $870,000

6 Gladstone Street
Moorooka QLD 4105

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 108m2
Land area: 625m2
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McGees Property - Brisbane
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Property Details for 6 Gladstone St, Moorooka

6 Gladstone St, Moorooka is a 0 bedroom, 0 bathroom House with 2 parking spaces. The property has a land size of 625m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 0 bedroom House sold in Moorooka in the last 12 months.

Building Type
House
Floor Size
108m2
Land Size
625m2
Local Government
Brisbane
Lot/Plan
55/RP58732

Last Listing description (September 2024)

McGees Property is proud to present a unique, dual-purpose commercial and residential freehold opportunity in the highly sought-after industrial district of Moorooka. Occupying a generous 625m land site, this two-level freestanding property boasts IN1 industrial zoning, permitting light industry uses and offering the flexibility of dual occupancy. This property presents an attractive prospect for savvy investors, developers and owner-occupiers. Situated in a tightly held commercial and industrial precinct with a high demand, low supply marketplace, this property could provide the framework for the next generation of commercial property in Moorooka.

Key Features & Benefits:

Dual-purpose occupancy: Residential on the first floor and commercial office on the ground floor

Freestanding property with IN1 Industrial Zoning
No easements, encumbrances, heritage or character overlays
House can be removed or demolished without council planning approval (building permits still applicable)
Located in a high-demand, low supply marketplace
Offering 200m of NLA over 2 levels, with the potential for further development (STCA)
Ground floor features renovated space suitable for a commercial office
First floor residential space features 2 bedrooms, tidy kitchen, renovated bathroom, polished timber floors, character features and rear deck
Currently rented on a month to month basis at $39,000 per annum - potential for further rent uplift
Low overheads with competitive council rates and insurance

The property at 6 Gladstone Street is a well-maintained character-style property that was previously occupied by a printing company and has been leased to two separate tenants in recent years. It's well suited for owner-occupiers with potential for further development, subject to council approval. Don't miss the chance to capitalise on this potential-rich property and to benefit from the robust commercial and industrial market of Moorooka.

To find out more about this remarkable prospect, contact the exclusive agents for a detailed copy of the information memorandum or to arrange an inspection.

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Property History for 6 Gladstone St, Moorooka, QLD 4105

A timeline of how this property has performed in the market
Last Sold
$870,000
17 Jul 2024
  • 17 Jul 2024
    Sold for $870,000
  • 09 Jun 2024
    Listed for Sale Offers Over $895,000 excluding GST
  • 22 Jul 2022
    Listed for Sale FOR SALE BY NEGOTIATION
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About Moorooka 4105

The size of Moorooka is approximately 4.1 square kilometres. It has 18 parks covering nearly 9.3% of total area. The population of Moorooka in 2011 was 9,984 people. By 2016 the population was 10,365 showing a population growth of 3.8% in the area during that time. The predominant age group in Moorooka is 30-39 years. Households in Moorooka are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Moorooka work in a professional occupation. In 2011, 58.1% of the homes in Moorooka were owner-occupied compared with 56.3% in 2016.

Moorooka has 5,645 properties. Over the last 5 years, Houses in Moorooka have seen a 75.71% increase in median value, while Units have seen a 81.62% increase. As at 30 November 2024:

  • The median value for Houses in Moorooka is $1,126,197 while the median value for Units is $632,336.
  • Houses have a median rent of $623 while Units have a median rent of $530.
There are currently 21 properties listed for sale, and 20 properties listed for rent in Moorooka on OnTheHouse. According to CoreLogic's data, 244 properties were sold in the past 12 months in Moorooka.

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