OFF MARKET

17 Simpson Street
Mount Isa City QLD 4825

Bedrooms: -
Bathrooms: -
Car spaces: 6
Land area: 2250m2
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Property Details for 17 Simpson St, Mount Isa City

Building Type
Commercial
Land Size
2250m2
Local Government
Mount Isa
Lot/Plan
1/SP147781

Last Listing description (July 2024)

Nestled right in the heart of Mount Isa's bustling CBD lies an exceptional investment opportunity waiting to be seized! Boasting an approximate 9.0% rental yield, this property is a lucrative venture.

The premises currently host well-established businesses, all of which lease the shop fronts under long-term agreements. Let's take a closer look:

Shop 1: Anchored by TJM with a lengthy lease, this space features a spacious showroom/reception area complete with ducted air conditioning. You will also find Offices with split systems and a lunch room equipped with a kitchenette and fan. Towards the rear, you'll find a private workshop with upstairs storage and fenced-off street parking and staff facilities. Known nationally for their expertise in 4WD fitting, TJM ensures top-notch service for outback adventurers.

Shop 2: Under the management of KP Fitness with a freshly appointed long-term lease, this expansive area offers air conditioning, dedicated parking, and a welcoming front desk receptiona prime location within the CBD.

Shops 3-4: Currently occupied by the globally renowned Subway chain, this section features a sizable foyer with air conditioning. The back-of-house area boasts two walk-in cold rooms, a walk-in freezer, and sinks, along with an additional space utilized for storagepromising tremendous potential.

Shop 5: Home to Pizza Hut with a steadfast tenancy, this unit comes equipped with a built-in counter, seating, foyer with air conditioning, and back-of-house amenities including a walk-in cold room, sinks, and air conditioning.

Convenient side access facilitates seamless deliveries, while external staff facilities cater to the needs of shops 3-5. Positioned at the epicentre of the CBD, this property offers a remarkable return on investmentan opportunity not to be missed!

Call City & Country Realty Sales Team TODAY! John Tully 0429 029 289, Kieran Tully 0416 177 001 or Rachael Wilson 0467 076 756

Property Code: 4629

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Property History for 17 Simpson St, Mount Isa City, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$2,825,000
08 Apr 2013
Listed for Rent
$17k/w
17 Jan 2023
  • 30 Jul 2024
    Listed for Sale UNDER CONTRACT
  • 03 Apr 2024
    Listed for Sale $2,900,000 + GST if applicable
  • 26 Aug 2019
    Listed for Rent $75,000 / month
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About Mount Isa City 4825

The size of Mount Isa City is approximately 0.5 square kilometres. The population of Mount Isa City in 2011 was 217 people. By 2016 the population was 89 showing a population decline of 59.0% in the area during that time. The predominant age group in Mount Isa City is 20-29 years. Households in Mount Isa City are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Isa City work in a professional occupation. In 2011, 31% of the homes in Mount Isa City were owner-occupied compared with 32.4% in 2016..

Mount Isa City has 229 properties. Over the last 5 years, Houses in Mount Isa City have seen a 72.12% increase in median value. As at 31 August 2024:

  • The median value for Houses in Mount Isa City is $290,533 while the median value for Units is $306,753.
There are currently 1 property listed for sale, and 1 property listed for rent in Mount isa city on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Mount isa city.

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