OFF MARKET

273 Charters Towers Road
Mysterton QLD 4812

Bedrooms: -
Bathrooms: -
Car spaces: 26
Land area: 831m2
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Property Details for 273 Charters Towers Rd, Mysterton

Building Type
Commercial
Land Size
831m2
Local Government
Townsville City
Lot/Plan
5/RP713460

Last Listing description (May 2024)

This complex enjoys a landmark position at the junction of three main arterial roads and comprises 12 separate tenancies subject to leases capable of producing a fully let net income of approximately $173,701 per annum + GST.

273-275 Charters Towers Road, Mysterton

Ground floor

5 ground-floor commercial tenancies
4 leased, 1 vacant
Total floor area of 390 sqm
Tenants include Bakery, Chiropractor, Hair Salon & Accountant

First floor
Recently converted from commercial offices to 3 self-contained residential apartments
All 3 bedrooms, 2 bathroom
100% leased at 2 x $380 pw and 1 x $360 pw
Total floor area of 342 sqm
Rental income of $58,240 p.a.

277 Charters Towers Road, Mysterton

Ground floor only (single-level building)
Completely refurbished in 2022
Configured as 4 commercial tenancies
Two tenancies have been combined and are subject to a long-term lease with F45
Two tenancies are vacant and advertised for lease
Total floor area of 738 sqm
Includes secure storage units in the rear of the building which can be leased separately if desired

The property is managed by Ray White Commercial Townsville.

Please contact RWC Townsville to arrange an inspection or receive a copy of the information memorandum.

Property History for 273 Charters Towers Rd, Mysterton, QLD 4812

A timeline of how this property has performed in the market
Last Sold
$1,780,000
20 Nov 2017
Listed for Rent
$380/w
17 Nov 2023
  • 08 Apr 2024
    Listed for Sale Must Sell - $2,750,000
  • 21 Oct 2023
    Listed for Sale Must Sell - $2,750,000
  • 06 Jul 2021
    Listed for Rent $16,590 / year
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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.
There are currently 2 properties listed for sale, and 5 properties listed for rent in Mysterton on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Mysterton.

Suburb Insights for Mysterton 4812

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.