SOLD
Sold on 08 Aug 2024 for $3,040,000

77-79 Bowen Road
Rosslea QLD 4812

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2474m2
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Property Details for 77-79 Bowen Rd, Rosslea

Building Type
Commercial
Land Size
2474m2
Local Government
Townsville City
Lot/Plan
9/RP703496

Last Listing description (August 2022)

+Secure 16-year Net Lease to 2032 plus options to 2072
+Chevron Corporation (NYSE: CVX) Caltex Australia: Major global energy company, with a market cap of $317 Billion and over 360 sites national.**
+Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings including rates, insurance, and Land Tax

+Tenant is also responsible for all maintenance, repairs and replacement of fuel tanks and equipment plus site remediation
+Strong and certain rental growth with annual, fixed compounding 3% increases
+High profile 2,474sqm* corner site with dual frontage to Bowen Road and Love Lane
+Bowen Road: An important 4 lane arterial road connecting the southern suburbs to the Townsville CBD with approximately 19,423 vehicles daily***
+Only 1.5km to Mater Private Hospital serviced by 200+ Doctors and soon to be finished $100m on site multi storey car park in addition to a $52m upgrade completed in 2020*****
+Just 1km from the Murray Sporting Complex, home to the WNBL's JCL Townsville Fire, featuring 310 on-site car spaces and stadium capacity of over 2,000 people
+The surrounding area benefits from social infrastructure including 28 schools servicing 10,612+ full-time students***
+City of Townsville: Largest city in Northern Australia, with population forecast to grow 42.6% to 282,281 residents by 2041****
+Minimum management, petrol station investment
+Estimated New Rent: $197,077 pa*

To be sold by Investment Portfolio Auction:
10:30am AEST Thursday 4 August 2022
Hilton Hotel, Brisbane

*approx.
**Chevron
***Gapmaps
****Annual Report 2020/21
***** Matertsv

*All areas and figuresapproxonly. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property History for 77-79 Bowen Rd, Rosslea, QLD 4812

A timeline of how this property has performed in the market
Last Sold
$3,040,000
08 Aug 2024
  • 08 Aug 2024
    Sold for $3,040,000
  • 01 Jul 2022
    Listed for Sale Price on Request
  • 16 Dec 2016
    Sold for $71,180,000
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About 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 1,328 properties. Over the last 5 years, Houses in Rosslea have seen a 85.65% increase in median value, while Units have seen a 101.99% increase. As at 31 October 2024:

  • The median value for Houses in Rosslea is $568,810 while the median value for Units is $318,381.
  • Houses have a median rent of $430 while Units have a median rent of $360.
There are currently 5 properties listed for sale, and 7 properties listed for rent in Rosslea on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Rosslea.

Suburb Insights for Rosslea 4812

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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.