SOLD
Sold on 13 Aug 2024 for $900,000

43 Drayton Street
Nanango QLD 4615

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1306m2
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Property Details for 43 Drayton St, Nanango

Building Type
Commercial
Land Size
1306m2
Local Government
South Burnett Regional
Lot/Plan
2/SP148902

Last Listing description (March 2018)

Resort Brokers ID : LH004131

Long lease in place (27.5 years).

Two people run this motel now with no staff.

Comfortable two bedroom manager's quarters.

Steady income.

Easy to run with a couple (work is generally finished by lunchtime).

Breakfast is offered and packed lunches if required dinners at the RSL next door.

Full refurbishment in 2010.

Motel right in town.

NB: Property inspections are by appointment only

Property History for 43 Drayton St, Nanango, QLD 4615

A timeline of how this property has performed in the market
Last Sold
$900,000
13 Aug 2024
  • 13 Aug 2024
    Sold for $900,000
  • 23 Dec 2016
    Listed for Sale $299,000
  • 26 Feb 2016
    Listed for Sale $290,000
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About Nanango 4615

The size of Nanango is approximately 31.2 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Nanango in 2011 was 3,795 people. By 2016 the population was 3,596 showing a population decline of 5.2% in the area during that time. The predominant age group in Nanango is 60-69 years. Households in Nanango are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nanango work in a labourer occupation. In 2011, 63.1% of the homes in Nanango were owner-occupied compared with 60.8% in 2016.

Nanango has 2,198 properties. Over the last 5 years, Houses in Nanango have seen a 116.71% increase in median value, while Units have seen a 22.98% increase. As at 31 October 2024:

  • The median value for Houses in Nanango is $403,203 while the median value for Units is $185,166.
  • Houses have a median rent of $440 while Units have a median rent of $295.
There are currently 45 properties listed for sale, and 3 properties listed for rent in Nanango on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Nanango.

Suburb Insights for Nanango 4615

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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.