SOLD
Sold on 15 Mar 2024 for $3,650,000

16 Machinery Street
Richlands QLD 4077

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2458m2
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Property Details for 16 Machinery St, Richlands

Building Type
Commercial
Land Size
2458m2
Local Government
Brisbane
Lot/Plan
7/RP192415

Last Listing description (July 2022)

JLL & CBRE are pleased to present 16 Machinery Street, Darra to the market for lease.

16 Machinery Street is situated in the Darra industrial precinct approximately 14 radial kilometres South-West of the Brisbane CBD. Machinery Street is located just off the intersection of Centenary Highway and Ipswich Motorway giving the site unrivalled access to the Brisbane and Ipswich CBDs along with the and Logan Motorway corridor.


Features of the property include:

- 1,437sqm* concrete tilt-panel facility
- 1,227sqm* of warehouse space with great internal height
- 210sqm* of corporate style office space
- Boardroom, separate offices, male and female amenities
- Large 3 phase power supply
- Ample on site container set down room
- Exclusive use car parking on site along with ample on street parking
- Fully fenced and gated site

For more information or to arrange an inspection, please contact the Exclusive Agents from JLL or CBRE.

*Approx.

Property History for 16 Machinery St, Richlands, QLD 4077

A timeline of how this property has performed in the market
Last Sold
$3,650,000
15 Mar 2024
  • 15 Mar 2024
    Sold for $3,650,000
  • 17 Feb 2022
    Sold for $3,090,500
  • 15 Nov 2019
    Listed for Rent - Price not available
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About Richlands 4077

The size of Richlands is approximately 5 square kilometres. It has 5 parks covering nearly 8% of total area. The population of Richlands in 2011 was 2,077 people. By 2016 the population was 3,606 showing a population growth of 73.6% in the area during that time. The predominant age group in Richlands is 20-29 years. Households in Richlands are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richlands work in a professional occupation. In 2011, 43.2% of the homes in Richlands were owner-occupied compared with 31.7% in 2016.

Richlands has 2,902 properties. Over the last 5 years, Houses in Richlands have seen a 84.17% increase in median value, while Units have seen a 78.76% increase. As at 31 July 2024:

  • The median value for Houses in Richlands is $762,041 while the median value for Units is $565,105.
  • Houses have a median rent of $568 while Units have a median rent of $550.
There are currently 19 properties listed for sale, and 23 properties listed for rent in Richlands on OnTheHouse. According to CoreLogic's data, 199 properties were sold in the past 12 months in Richlands.

Suburb Insights for Richlands 4077

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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.