OFF MARKET

9 Simpson Street
Mount Isa City QLD 4825

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1012m2
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Property Details for 9 Simpson St, Mount Isa City

Building Type
Commercial
Land Size
1012m2
Local Government
Mount Isa
Lot/Plan
116/MPH13990

Last Listing description (October 2023)

Prime Commercial Property for Sale - High ROI

Welcome to 9 Simpson St, Mount Isa, where an exceptional commercial property with dual tenancies is waiting for you. This property offers a solid annual income of $52,000, presenting a remarkable investment opportunity with an impressive Return on Investment (ROI) of 11.5%. Don't miss out on securing this lucrative asset!

Property Features:

Dual Tenancies: This commercial property comprises two separate tenancies, providing you with the flexibility to lease both units or occupy one (after an existing tenant vacates) while generating rental income from the other. The choice is yours, offering versatility in maximizing your returns.

Total Land Area of 1012m2: With a spacious land area, this property allows for future expansion or customization opportunities, providing added value to your investment. (STCA)

385m2 Building*: The building is split into two separate tenancies, offering ample space for business operations. Each unit is independently metered for power, ensuring convenience and accurate billing.

Security Fenced: The property is fully secured with a sturdy fence, providing peace of mind and protection for your tenants and their businesses.

ROI of 11.5%: With an annual income of $52,000, this commercial property offers an impressive ROI of 11.5%. This exceptional return on investment showcases the profitability and long-term financial gains this property can provide.

Strong Investment Potential: This property is strategically located to take advantage of growth and business opportunities. The demand for well situated office and commercial space ensures a steady stream of tenants and potential for future rental growth.

Convenient Location: Situated in the heart of Mount Isa, this property offers excellent connectivity to key amenities, major transport routes, and the business community, allowing your tenants to benefit from the prime location on offer.

Don't miss out on this exceptional commercial property investment opportunity! Act now to secure your financial future. Contact us today to arrange a viewing or obtain further information. Opportunities like this are rare, seize it while you can!

Disclaimer: The ROI percentage is based on the current annual income and purchase price. Please conduct independent research and consult with financial professionals for a comprehensive evaluation of your potential ROI.

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Property History for 9 Simpson St, Mount Isa City, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$420,000
28 Jul 2023
  • 28 Jul 2023
    Sold for $420,000
  • 26 Jun 2023
    Listed for Sale $450,000
  • 20 Mar 2004
    Sold for $235,000
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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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