SOLD
Sold on 21 Nov 2023 for $1,120,000

4 Dorothy Street
Mornington QLD 4825

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 275m2
Land area: 1012m2
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Sold By
David Napoleone
Burgess Rawson VIC Pty Ltd
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Property Details for 4 Dorothy St, Mornington

4 Dorothy St, Mornington is a 0 bedroom, 0 bathroom Unit and was built in 2009. The property has a land size of 1012m2 and floor size of 275m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 0 bedroom Unit sold in Mornington in the last 12 months.

Building Type
Unit
Year Built
2009
Floor Size
275m2
Land Size
1012m2
Local Government
Mount Isa
Lot/Plan
16/MPH13994

Last Listing description (November 2023)

Burgess Rawson is pleased to offer to the market the Queensland Health investment at 4 Dorothy Street, Mornington (Mount Isa.) for sale via Investment Portfolio Auction 165.

This opportunity has the following key investments highlights:

+ Built in 2008 and leased to Queensland Health since new

+ Renewed 3 year lease to June 2026 plus options to 2028
+ Queensland Health: The overall public health service of Queensland with a network of 16 hospitals and health services along with the Queensland Department of Health
+ Occupied by Queensland Health to provide doctor and specialist accommodation in close proximity to the Mount Isa Hospital (65m* from the property)
+ Significant landholding of 1,012 sqm* with development upside, moments from Mount Isa City centre
+ Essential service investment crucial to hospital operations and servicing a city population of 18,727**
+ Includes 4 x two bedroom, two bathroom units leased together as one
+ Desirable annual CPI rental reviews
+ Single tenant minimum management investment
+ Strategic position moments from national retailers including Coles, Woolworths, Bunnings, McDonald's, KFC, Subway and Kmart
+ Net Income: $97,134 pa*

For Sale by Investment Portfolio Auction^
10:30am AEST Thursday 7 December 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx
**ABS.gov.au
^unless sold prior

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Property History for 4 Dorothy St, Mornington, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$1,120,000
21 Nov 2023
  • 21 Nov 2023
    Sold for $1,120,000
  • 03 Nov 2023
    Listed for Sale Price on Request
  • 28 Jan 2009
    Sold for $1,050,000
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About Mornington 4825

The size of Mornington is approximately 1 square kilometres. It has 2 parks covering nearly 9.8% of total area. The population of Mornington in 2011 was 1,918 people. By 2016 the population was 1,754 showing a population decline of 8.6% in the area during that time. The predominant age group in Mornington is 20-29 years. Households in Mornington are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mornington work in a professional occupation. In 2011, 40.4% of the homes in Mornington were owner-occupied compared with 38.5% in 2016.

Mornington has 990 properties. Over the last 5 years, Houses in Mornington have seen a 14.26% increase in median value, while Units have seen a -27.64% decrease. As at 31 October 2024:

  • The median value for Houses in Mornington is $240,911 while the median value for Units is $223,790.
  • Houses have a median rent of $450 while Units have a median rent of $280.
There are currently 2 properties listed for sale, and no properties listed for rent in Mornington on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Mornington.

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