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Sold on 12 Aug 2024 - Price Unavailable

5-11 Downs Street
North Ipswich QLD 4305

Bedrooms: -
Bathrooms: -
Car spaces: 23
Floor area: 1192m2
Land area: 2078m2
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Property Details for 5-11 Downs St, North Ipswich

Building Type
Commercial
Floor Size
1192m2
Land Size
2078m2
Local Government
Ipswich
Lot/Plan
2/RP87743

Last Listing description (August 2024)

Ben Sands & AJ Calvet from RWC Gateway, as the exclusive selling agents, are pleased to present to the market for sale 5-11 Downs Street, North Ipswich. A modern, two level, freestanding, mixed use building currently leased to three long term occupants. It has a total surveyed lettable area of 1,192 square metres. The property has excellent exposure being directly adjacent the Riverlink Shopping Centre and being the main thoroughfare of Ipswich and neighbouring communities.

The property has the following investment highlights:
• A corner facing 2,078 square metre freehold site with excellent exposure improved with a modern 1,192 square metre concrete tilt panel building.

• Three (3) long term tenancies on 5-plus-year leases with further options. Bridgestone has occupied the site since 2009 and has recently renewed its lease until June 2029. Prime Performance Physio signed a new 8 year lease until January 2030. Limestone Financial Planning on a 5-year lease expiring May 2027.
• Secure income growth with landlord friendly annual reviews of CPI or 2.5%.
• Current Gross Income: $375,202.96* as of 1 July 2024.
• Estimated outgoings of $47,797.56*.
• Directly adjacent the Riverlink Shopping Centre which has generated the most foot traffic in 2022 being 9.1 million customer visits.
• 5 minute walk distance to $246 million Ipswich CBD Redevelopment
• Ipswich: booming city 28km* from Brisbane CBD, with a projected population growth of 122% to 520,000 by 2041
• Don't let this remarkable opportunity slip through your fingers. Contact us today for further information and to secure this property.

Contact us today for further information and to secure this property. Please contact the exclusive agents Ben Sands - 0432 547 164 or AJ Calvet - 0488 113 270.
* Approx.

Disclaimer:
RWC has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advice or as is otherwise necessary. No duty of care is assumed by RWC divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.

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Property History for 5-11 Downs St, North Ipswich, QLD 4305

A timeline of how this property has performed in the market
Last Sold
12 Aug 2024
Listed for Rent
$19k/w
31 Aug 2020
  • 14 Aug 2024
    Sold for $5,400,000
  • 26 Jun 2024
    Listed for Sale For Sale - Contact Agent
  • 19 Jun 2023
    Listed for Sale $5,100,000
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About North Ipswich 4305

The size of North Ipswich is approximately 4.2 square kilometres. It has 11 parks covering nearly 7.7% of total area. The population of North Ipswich in 2011 was 4,586 people. By 2016 the population was 4,489 showing a population decline of 2.1% in the area during that time. The predominant age group in North Ipswich is 0-9 years. Households in North Ipswich are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in North Ipswich work in a trades occupation. In 2011, 62.9% of the homes in North Ipswich were owner-occupied compared with 62% in 2016.

North Ipswich has 2,139 properties. Over the last 5 years, Houses in North Ipswich have seen a 114.98% increase in median value, while Units have seen a 49.82% increase. As at 30 September 2024:

  • The median value for Houses in North Ipswich is $622,688 while the median value for Units is $367,977.
  • Houses have a median rent of $480 while Units have a median rent of $360.
There are currently 16 properties listed for sale, and 7 properties listed for rent in North ipswich on OnTheHouse. According to CoreLogic's data, 109 properties were sold in the past 12 months in North ipswich.

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Ben Sands
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RWC Gateway
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