3 Transmission StreetRocky Point QLD 4874
Property Details for 3 Transmission St, Rocky Point
3 Transmission St, Rocky Point is a 12 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1965. The property has a land size of 2623m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (April 2023)
This low maintenance investment property is ideal for investors looking for a return with limited upkeep. Professionally managed by Weipa Real Estate, this property consists of eight individual homes, situated on over half an acre, close to the town of Weipa.
Weipa is a mining town located approximately 650 km north of Cairns. The population is made up largely of mining employees and their families, government workers and support people for its bauxite and kaolin operations. Weipa has the largest bauxite deposit in the world. Fishing enthusiasts flock to Weipa because of its terrific coastal location and abundant marine life.
Amenities consist of hospital, dentist, private medical centre and pharmacy, supermarket, post office, newsagency, speciality shops, bakery, butcher, cafe and 4WD and fishing tackle supply stores. There is also a Centrelink office located at the shopping centre. The town's two service stations also have a selection of fresh fruit and vegetables, ice and grocery items.
Demand for rental properties in the area remains strong due to the limited supply.
$258,000 income per annum plus GST
8 residential units
2,623 sqm allotment
Leased to 2021
Knight Frank Cairns is an independently owned office within the Knight Frank global network, servicing Far North Queensland in all its commercial property requirements.
Knight Frank Cairns has been successfully operating for over 32 years and incorporates three departments into the one office: a vastly experienced Valuation department, a high-level Investment and Facilities Management division, and a Commercial Sales and Leasing department.
Knight Frank Cairns is able to provide a more accurate assessment of the local property market due to the combination of services which it offers, combined with the commitment of a team of highly professional, experienced staff who are supported by state-of-the-art research, technological and administrative resources.
Property History for 3 Transmission St, Rocky Point, QLD 4874
- 16 Feb 2023Sold for $2,100,000
- 18 Jan 2020Listed for Sale Contact Agent
- 29 Nov 2019Listed for Rent $580 / year
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About Rocky Point 4874
The size of Rocky Point is approximately 3.7 square kilometres. It has 1 park covering nearly 8.1% of total area. The population of Rocky Point in 2011 was 1,554 people. By 2016 the population was 1,967 showing a population growth of 26.6% in the area during that time. The predominant age group in Rocky Point is 0-9 years. Households in Rocky Point are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Rocky Point work in a trades occupation. In 2011, 38.8% of the homes in Rocky Point were owner-occupied compared with 37.5% in 2016.
Rocky Point has 794 properties. Over the last 5 years, Houses in Rocky Point have seen a 24.19% increase in median value, while Units have seen a 22.23% increase. As at 31 October 2024:
- The median value for Houses in Rocky Point is $426,550 while the median value for Units is $396,273.
- Houses have a median rent of $655 while Units have a median rent of $600.
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