Commercial Investment Opportunity in the heart of the thriving township of Theodore QLD.
Castle Creek Theatre
A piece of Australian history, originally built in the 1950's as an operating movie theatre with many original aspects still present to this day.
This property features ?
- Main street frontage
- Ample parking
- Commercial zoning
- Set on a large 1,072m2 block
- Multiple office spaces (airconditioned)
- 3 Tenancies in place with further tenants optional
- 2 x kitchens
- 2 x bathrooms
- Triple roller door access to main building
- Studio/Loft space ready for renovation
- Solid steel framed building
- Rear lane access
The opportunity has now presented itself to become the owner of an iconic established building with prime positioning.
The size of Theodore is approximately 2.2 square kilometres. It has 1 park covering nearly 9.2% of total area. The population of Theodore in 2011 was 453 people. By 2016 the population was 427 showing a population decline of 5.7% in the area during that time. The predominant age group in Theodore is 20-29 years. Households in Theodore are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Theodore work in a machinery operators and drivers occupation. In 2011, 42.8% of the homes in Theodore were owner-occupied compared with 47.9% in 2016.
Theodore has 332 properties. Over the last 5 years, Houses in Theodore have seen a 94.03% increase in median value, while Units have seen a -47.65% decrease. As at 30 September 2024:
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