53 Bowen RoadRosslea QLD 4812
Property Details for 53 Bowen Rd, Rosslea
Last Listing description (September 2023)
This freestanding commercial building is 100% leased to a well-established hospitality and catering business.
The property is subject to a recently renewed 5-year lease at $80,707 per year + GST with the tenant responsible for all outgoings.
Commercial terms include:
All outgoings are paid by the Tenant
Original Lease commencement: 01/04/2018
New 5-year extension signed which now expires 31/05/2028
The tenant has a successful business and an enormous amount of infrastructure in the building
Security bond in place
Improvements include:
Land area: 917 sqm
Standalone building
Building area: 345 sqm including a retail cafe, commercial kitchen, offices, and storage
The building can be easily adapted to a wide variety of uses and was previously the headquarters of The North Queensland Register and The Speckled Hen Antique store
Zoned: Mixed Use
For sale via offers to purchase.
For more information, please contact Ray White Commercial Townsville.
Property History for 53 Bowen Rd, Rosslea, QLD 4812
- 27 Oct 2023Sold for $980,000
- 21 Jun 2023Listed for Sale $1,150,000
- 03 Apr 2018Sold for $810,000
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0About Rosslea 4812
The size of Rosslea is approximately 1.7 square kilometres. It has 3 parks covering nearly 51.3% of total area. The population of Rosslea in 2011 was 1,599 people. By 2016 the population was 1,725 showing a population growth of 7.9% in the area during that time. The predominant age group in Rosslea is 20-29 years. Households in Rosslea are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rosslea work in a professional occupation. In 2011, 35.6% of the homes in Rosslea were owner-occupied compared with 37.4% in 2016.
Rosslea has 1,334 properties. Over the last 5 years, Houses in Rosslea have seen a 86.68% increase in median value, while Units have seen a 75.91% increase. As at 31 July 2024:
- The median value for Houses in Rosslea is $548,726 while the median value for Units is $285,984.
- Houses have a median rent of $400 while Units have a median rent of $360.
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