SOLD
Sold on 14 Mar 2024 for $2,300,000

199-201 Bridge Street
Oakey QLD 4401

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1567m2
Land area: 7083m2
Sold By
Colliers Toowoomba
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Property Details for 199-201 Bridge St, Oakey

Building Type
Commercial
Floor Size
1567m2
Land Size
7083m2
Local Government
Toowoomba Regional
Lot/Plan
3/RP4292

Last Listing description (June 2024)

Colliers Toowoomba are pleased to present 199-203 Bridge Street, Oakey to the market for sale.

Located less than 30 minutes West of the Toowoomba CBD, this 7,083m2 industrial block with 3 street frontage has a longstanding tenant covenant to FieldQuip for the past 19 Years, a subsidiary of Multinational 'Alamo Group Inc' (NYSE: ALG).

OVERVIEW:

- Net Income = $196,950 per annum plus GST
- 5 year lease term expiring 2027 + 5 Year option
- Tenant pays 100% of outgoings
- 7,083m2* Allotment over 5 titles zoned 'Medium Impact Industry'
- 2,017m2* Warehousing over 4 buildings with 2x3 Tonne gantry cranes & 3 phase power
- 178m2* of functional office featuring reception, individual offices, boardroom, lunchroom
& amenities with air-conditioning throughout
- Close proximity to quality national & local businesses Black Toyota, Riverina Stockfeeds &
Oakey Beef Exports

LOCATION:
Oakey is ideally positioned less than 30 minutes' drive from the Toowoomba CBD, 20 minutes from Wellcamp Airport and 10 minutes from the Charlton Wellcamp Industrial Precinct.

With limited industrial investment options across South East Queensland - don't miss your opportunity to secure this strongly performing asset!

Accelerating Success. For more information or to arrange an inspection, please contact the exclusive marketing agent Mike Turley of Colliers Toowoomba

* approx

Property History for 199-201 Bridge St, Oakey, QLD 4401

A timeline of how this property has performed in the market
Last Sold
$2,300,000
14 Mar 2024
  • 14 Mar 2024
    Sold for $2,300,000
  • 03 Dec 2019
    Sold for $1,350,000
  • 31 Aug 2019
    Listed for Sale EXPRESSION OF INTEREST
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About Oakey 4401

The size of Oakey is approximately 127 square kilometres. It has 9 parks covering nearly 0.6% of total area. The population of Oakey in 2011 was 4,528 people. By 2016 the population was 4,721 showing a population growth of 4.3% in the area during that time. The predominant age group in Oakey is 10-19 years. Households in Oakey are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Oakey work in a labourer occupation. In 2011, 62.7% of the homes in Oakey were owner-occupied compared with 60.4% in 2016.

Oakey has 2,277 properties. Over the last 5 years, Houses in Oakey have seen a 114.66% increase in median value, while Units have seen a 44.90% increase. As at 31 October 2024:

  • The median value for Houses in Oakey is $448,256 while the median value for Units is $332,923.
  • Houses have a median rent of $400 while Units have a median rent of $300.
There are currently 36 properties listed for sale, and 4 properties listed for rent in Oakey on OnTheHouse. According to CoreLogic's data, 110 properties were sold in the past 12 months in Oakey.

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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.