SOLD
Sold on 13 Nov 2023 for $265,000

7/2-4 Margaret Street
Palmwoods QLD 4555

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 96m2
Land area: 51m2
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Property Details for 7/2-4 Margaret St, Palmwoods

Building Type
Commercial
Year Built
2008
Floor Size
96m2
Land Size
51m2
Local Government
Sunshine Coast Regional
Lot/Plan
7/SP125388

Last Listing description (September 2023)

Colliers is excited to present to the market for sale Shop 7, 2-4 Margaret Street, Palmwoods, a pocket-sized, owner occupier opportunity to break into the tightly held Palmwoods market.
Building area: 51sqm*
Premium exposure to Palmwoods main thoroughfare

Within thriving retail hub consisting of 10 commercial and retail lots.

- Offered as vacant possession.
- Currently occupied by long established tenant Bobby Pins Hair Salon.
- Impressive signage and exposure opportunities.
- Off-street parking at rear of building as well as on street parking at front.
- Accompanying businesses within the complex include Palmwoods Casket and News, We Meat Again butcher, Palmwoods Pharmacy, Pizza Hut, Dental Excel, Palmwoods Bakery and Fish and Chips.

For Sale: $275,000 plus GST (if applicable)

For more information or to book an inspection please contact exclusive agents Millie Worcester.

*Approx.

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Property History for 7/2-4 Margaret St, Palmwoods, QLD 4555

A timeline of how this property has performed in the market
Last Sold
$265,000
13 Nov 2023
Listed for Rent
$330/w
24 Jun 2016
  • 13 Nov 2023
    Sold for $265,000
  • 29 Sep 2023
    Listed for Sale $275,000 plus GST (if applicable)
  • 15 Jun 2018
    Sold for $127,500
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About Palmwoods 4555

The size of Palmwoods is approximately 23.9 square kilometres. It has 24 parks covering nearly 4.7% of total area. The population of Palmwoods in 2011 was 5,491 people. By 2016 the population was 5,660 showing a population growth of 3.1% in the area during that time. The predominant age group in Palmwoods is 10-19 years. Households in Palmwoods are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmwoods work in a professional occupation. In 2011, 74.2% of the homes in Palmwoods were owner-occupied compared with 75.8% in 2016.

Palmwoods has 3,013 properties. Over the last 5 years, Houses in Palmwoods have seen a 82.23% increase in median value, while Units have seen a 80.24% increase. As at 30 September 2024:

  • The median value for Houses in Palmwoods is $996,110 while the median value for Units is $702,106.
  • Houses have a median rent of $668 while Units have a median rent of $550.
There are currently 36 properties listed for sale, and 5 properties listed for rent in Palmwoods on OnTheHouse. According to CoreLogic's data, 158 properties were sold in the past 12 months in Palmwoods.

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