259-261 Charters Towers RoadMysterton QLD 4812
Property Details for 259-261 Charters Towers Rd, Mysterton
Last Listing description (January 2022)
This modern well presented complex of 1,329m2 NLA on three separate titles is anchored by a 9 year lease to the popular Twin Cities Car Wash and includes well established businesses all enjoying high exposure and on site parking for 62 vehicles.
The complex is well located on a main arterial road, with 84 metres of frontage and multiple vehicle crossovers. With over 27,000 vehicles passing daily, Charters Towers Road is 5 minutes from the Townsville CBD and this asset enjoys low vacancy rates.
The site was flood free in the 2019 monsoon rain event, and is well maintained.
This multi-tenant opportunity offers the ability for a strong diversified long term income stream. Passive investors will capitalise on the easy ability to obtain 100% occupancy with 9 separate tenancies configured within three separate buildings producing a current net income of approx. $342,500 per annum + GST. All office and retail tenancies feature quality office fit-out's and private amenities.
This is an extremely rare opportunity to acquire a truly well positioned asset. For further information contact managing agents Ray White Commercial Townsville on 4726 7888.
Property History for 259-261 Charters Towers Rd, Mysterton, QLD 4812
- 15 Oct 2021Listed for Sale Expressions of Interest
- 28 Nov 1994Sold for $1,200,000
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About Mysterton 4812
The size of Mysterton is approximately 0.6 square kilometres. It has 3 parks covering nearly 21.6% of total area. The population of Mysterton in 2011 was 835 people. By 2016 the population was 800 showing a population decline of 4.2% in the area during that time. The predominant age group in Mysterton is 50-59 years. Households in Mysterton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mysterton work in a professional occupation. In 2011, 69.8% of the homes in Mysterton were owner-occupied compared with 72.5% in 2016.
Mysterton has 439 properties. Over the last 5 years, Houses in Mysterton have seen a 56.61% increase in median value, while Units have seen a 75.64% increase. As at 31 October 2024:
- The median value for Houses in Mysterton is $513,018 while the median value for Units is $348,923.
- Houses have a median rent of $490 while Units have a median rent of $250.
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