22 Miles StreetMount Isa City QLD 4825
Property Details for 22 Miles St, Mount Isa City
Last Listing description (November 2024)
FOR SALE | COMMONWEALTH BANK ANCHORED RETAIL CENTRE, HIGH YIELDING INVESTMENT, HIGH PROFILE CORNER LOCATION
McGees Property Brisbane is exclusively appointed to offer for sale 22 Miles Street, Mount Isa City by Expressions of Interest closing 5:00pm (AEST) 5th December 2024.
Excellent opportunity to acquire a long-term performing retail centre located on one of the most prominent intersections in Mt. Isa. Perfect investment for a private investor, SMSF or property syndicator.
PROPERTY PARTICULARS
Major Tenant: Commonwealth Bank of Australia
Interest for Sale: 100% freehold interest
Lettable Area: 692m*
Site Area: 1,019m*
FINANCIAL HIGHLIGHTS
Estimated Net Income - Passing $137,920 per annum
Estimated Net Income - Fully Leased $173,642 per annum
ELECTRONIC DATA ROOM
Due diligence material is available, contact the exclusive marketing agents for access
Should you require further information please don't hesitate to contact the exclusive marketing agents.
*All numbers are approximate
Property History for 22 Miles St, Mount Isa City, QLD 4825
- 14 Nov 2024Listed for Sale via Expressions of Interest
- 08 Aug 2024Listed for Rent $35,722 / year
- 30 Sep 2019Listed for Rent $18,018 / week
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0About 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 226 properties. Over the last 5 years, Houses in Mount Isa City have seen a 11.60% increase in median value. As at 31 October 2024:
- The median value for Houses in Mount Isa City is $225,827 while the median value for Units is $193,514.
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