OFF MARKET

8 Taroom Street
Taroom QLD 4420

Bedrooms: -
Bathrooms: -
Car spaces: 15
Land area: 3943m2
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Property Details for 8 Taroom St, Taroom

Building Type
Commercial
Land Size
3943m2
Local Government
Banana Shire
Lot/Plan
44/RP46593

Last Listing description (February 2020)

New 30 year leasehold purchase of 14 country styled motel units all of which have recently been refurbished are being offered with a superb small dining restaurant with bar highlighted by an external deck surrounding great tables & stools for that quiet afternoon "sip"!! A below average annual rent of $105,000 and a NOP of $164,524 (36% return) after rent & all operating costs make this a serious contender for that new motel operator.

Property History for 8 Taroom St, Taroom, QLD 4420

A timeline of how this property has performed in the market
Last Sold
$1,030,000
25 Nov 2013
  • 18 Jul 2019
    Listed for Sale $465,000 vendor finance available
  • 25 Nov 2013
    Sold for $1,030,000
  • 23 Jun 2009
    Sold for $970,000
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About Taroom 4420

The size of Taroom is approximately 1,382.4 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Taroom in 2011 was 873 people. By 2016 the population was 873 showing a stable population in the area during that time. The predominant age group in Taroom is 0-9 years. Households in Taroom are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taroom work in a managers occupation. In 2011, 67.4% of the homes in Taroom were owner-occupied compared with 65.4% in 2016.

Taroom has 623 properties. Over the last 5 years, Houses in Taroom have seen a 82.95% increase in median value, while Units have seen a -60.20% decrease. As at 30 September 2024:

  • The median value for Houses in Taroom is $258,965 while the median value for Units is $244,418.
  • Houses have a median rent of $200.
There are currently 1 property listed for sale, and no properties listed for rent in Taroom on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Taroom.

Suburb Insights for Taroom 4420

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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.