1 Kingsgate DriveTinbeerwah QLD 4563
Property Details for 1 Kingsgate Dr, Tinbeerwah
Last Listing description (November 2021)
This gorgeous corner property has unlimited potential as well as a prime location in the tightly held Tinbeerwah Golden Triangle . The property offers the perfect place to retire for an owner occupier with a secure income, or room for extended family living, or simply for the savvy investor looking for future growth and a $75k plus yearly income.
This highly unique property comprises of two popular businesses, the Orange on Sunrise Pizza Restaurant and the Bobby Pin Hair Salon both on secure leases. Additionally there are two council approved residences nestled in the resort style, easy maintenance gardens with further income generated.
Currently the owner resides in the secondary dwelling and the main residence and commercial components are leased to the one tenant making the property very simple to manage. This property is extremely rare, being one of a kind in this very popular area.
What's on Offer?
Commercial-
- 2 x Council approved businesses (the businesses are not for sale)
- Excellent tenant in place until 2022 with option to 2024
- Indoor/outdoor eating with multiple decks in lush garden setting
- 9 hardstand car spaces with entry via Kingsgate Drive
- Income for commercial component approx. $27,560pa gross
House-
- Timber main residence attached to the commercial
- Cosy rural style 3 bedroom, 2 bathroom home
- Well maintained with fenced yard and established gardens
- Covered entertaining decks and 6 x 9mt garage/shed with power.
- Large living space with air conditioning, fans to all rooms
- Separate private entry and driveway to the main residence
- 10,000 gallon water tank
- Income for main dwelling approx. $26,000pa gross
Cottage-
- Additional council approved granny flat separately metered
- Extremely private with driveway link to secondary access
- Neat cottage with 2 bedrooms and 1 bathroom
- 2 car garage, internal access with workshop
- Solar power and hot water
- 5000 gallon water tank
- Income potential estimated $23,400pa gross
Total income potential over $75,000 per year
Other Features include-
- Extensive irrigation to the 2.5acre property with bore
- Ecosafe sewerage treatment
- 10 mins drive to the Eumundi, Tewantin and Cooroy townships
- 25mins to new International airport
- 20 mins to Noosa
- Approx 1.5 hrs to Brisbane
The potential opportunities on offer here are endless, with plenty of room for those seeking a hobby farm plus income in a relaxed breathtaking setting. This is definitely a 'one of a kind property' that will certainly inspire.
Property History for 1 Kingsgate Dr, Tinbeerwah, QLD 4563
- 17 Aug 2021Sold for $1,410,000
- 01 Jul 2021Listed for Sale CONTACT AGENT
- 05 Feb 2021Listed for Sale $1,500,000 + GST (if applicable)
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0About Tinbeerwah 4563
The size of Tinbeerwah is approximately 22.1 square kilometres. It has 7 parks covering nearly 44.4% of total area. The population of Tinbeerwah in 2011 was 1,263 people. By 2016 the population was 967 showing a population decline of 23.4% in the area during that time. The predominant age group in Tinbeerwah is 60-69 years. Households in Tinbeerwah are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tinbeerwah work in a professional occupation. In 2011, 86.3% of the homes in Tinbeerwah were owner-occupied compared with 84.6% in 2016.
Tinbeerwah has 494 properties. Over the last 5 years, Houses in Tinbeerwah have seen a 77.52% increase in median value, while Units have seen a 130.83% increase. As at 31 July 2024:
- The median value for Houses in Tinbeerwah is $1,653,291 while the median value for Units is $560,194.
- Houses have a median rent of $780.
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