66-68 Mcdowall StreetRoma QLD 4455
Property Details for 66-68 Mcdowall St, Roma
Last Listing description (January 2024)
McGees Property Brisbane Metro Sales are appointed as Exclusive agents to offer For Sale 68 McDowall Street, Roma QLD.
This property, anchored by a blue-chip tenant, Westpac Banking Corporation, represents a unique and unparalleled investment opportunity. Its prime central location on the town's main road, combined with its advantageous positioning near Roma's primary shopping complex and airport, makes it a standout asset in the region. The property promises both immediate returns and long-term growth, making it an essential acquisition for discerning investors.
Benefits and Features of the Property:
Blue Chip Tenant: Westpac Banking Corporation, a leading and trusted name in the banking sector.
Prime Central Location: Advantageously situated on the town's main road, ensuring high visibility and accessibility.
Steady Income: A net income of $90,000 pa* + GST as of 13/09/2023.
Guaranteed Income Growth: Annual fixed compounding 3% rent increases.
Freehold Advantage: 100% freehold property spanning across two lots.
Strategic Positioning: Located just 90m from Roma's largest and only shopping complex and a mere 2.5km from Roma Airport.
Banking Exclusivity: One of the few banking branches supporting Roma and all neighboring towns.
Tenant Benefits: Tenant covers all outgoings, excluding land tax.
Lease Duration: Property leased until 31.01.2026 with two subsequent five-year options.
*approximately
Please contact us for the information memorandum, access to the due diligence material, and to arrange for an inspection.
Disclaimer: The information contained herein has been obtained from sources which we believe to be reliable and therefore have no reason to doubt their accuracy. The Vendor and the Agent will not be held liable for any error or misdescription which may appear in its contents. Prospective purchasers are advised to undertake their own investigations.
Property History for 66-68 Mcdowall St, Roma, QLD 4455
- 12 Dec 2023Sold for $980,000
- 28 Sep 2023Listed for Sale Expected Sale Price Greater 7.5%+
- 16 May 1990Sold for $377,000
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About Roma 4455
The size of Roma is approximately 78 square kilometres. It has 14 parks covering nearly 1.9% of total area. The population of Roma in 2011 was 6,905 people. By 2016 the population was 6,826 showing a population decline of 1.1% in the area during that time. The predominant age group in Roma is 0-9 years. Households in Roma are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Roma work in a trades occupation. In 2011, 57.2% of the homes in Roma were owner-occupied compared with 52.4% in 2016.
Roma has 4,104 properties. Over the last 5 years, Houses in Roma have seen a 54.59% increase in median value, while Units have seen a 30.87% increase. As at 31 October 2024:
- The median value for Houses in Roma is $301,557 while the median value for Units is $260,050.
- Houses have a median rent of $420 while Units have a median rent of $300.
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