SOLD
RECENT ADVICE
Sold on 21 Jun 2024 for $800,000

9 Broadsound Road
Paget QLD 4740

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 766m2
Land area: 766m2
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Property Details for 9 Broadsound Rd, Paget

Building Type
Commercial
Floor Size
766m2
Land Size
766m2
Local Government
Mackay Regional
Lot/Plan
4/RP717644

Last Listing description (June 2024)

Versatile Opportunity For Investment

A scarcity of accommodation so close to Paget industrial area makes this freehold Motel an extremely rare offering, it offers a perfect solution for incoming employees on work visas or interstate/out of town employment prospects to transition into permanent accommodation. Ideal to solve your employment gaps if acquired by a company for employee accommodation.

Alternatively, the Motel is currently operating as a budget motel, this versatile asset's varied configuration of rooms range from self-contained studio apartments on the ground level to boarding room style accommodation with shared showering facilities on the upper level.

The Motel has been set up for contactless check in and check out and runs seamlessly with minimal staffing requirements. It's the perfect size for a retired couple or very easily maintained as employee accommodation.

The Opportunity:
* 6 Self contained units on lower floor
* All lower rooms have kitchenette, bathroom and car accom
* 3 Individual bedrooms on upper level, shared bathroom , 1 room with kitchenette
* Communal laundry available
* External BBQ/sitting area
* Prime location to Paget industrial hub

There is also the option for an investor to turn this into semi permanent/long term accommodation with the self-contained downstairs rooms renting at $350 per week on a permanent basis.

The abilities of this property and the opportunities are only limited by your imagination. PRICED TO SELL!

Information Memorandum available on request

Disclaimer:
The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.

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Property History for 9 Broadsound Rd, Paget, QLD 4740

A timeline of how this property has performed in the market
Last Sold
$800,000
21 Jun 2024
Listed for Rent
$350/w
04 May 2023
  • 29 May 2024
    Sold for $800,000
  • 14 Mar 2024
    Listed for Sale $850,000 Neg
  • 17 Apr 2023
    Listed for Rent $280 / week
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About Paget 4740

The size of Paget is approximately 14.1 square kilometres. It has 11 parks covering nearly 6% of total area. The population of Paget in 2011 was 360 people. By 2016 the population was 291 showing a population decline of 19.2% in the area during that time. The predominant age group in Paget is 50-59 years. Households in Paget are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paget work in a machinery operators and drivers occupation. In 2011, 62.4% of the homes in Paget were owner-occupied compared with 44.6% in 2016.

Paget has 879 properties. Over the last 5 years, Houses in Paget have seen a 61.76% increase in median value, while Units have seen a 137.26% increase. As at 31 October 2024:

  • The median value for Houses in Paget is $494,065 while the median value for Units is $398,578.
  • Houses have a median rent of $48,000 while Units have a median rent of $420.
There are currently 6 properties listed for sale, and no properties listed for rent in Paget on OnTheHouse. According to CoreLogic's data, 55 properties were sold in the past 12 months in Paget.

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Sandra Macklin
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Gordon Galletly
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Mackay City Property
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