OFF MARKET

5/55 Proprietary Street
Tingalpa QLD 4173

Bedrooms: -
Bathrooms: -
Car spaces: 6
Land area: 384m2
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Property Details for 5/55 Proprietary St, Tingalpa

Building Type
Commercial
Year Built
2000
Land Size
384m2
Local Government
Brisbane
Lot/Plan
5/SP159151

Last Listing description (November 2022)

Ray White Commercial Milton is proud to present to the market 5/55 Proprietary Street, Tingalpa.

Features Include:

- Brand new 3 year lease starting 1/09/2022 with 3% or CPI increases (the greater of)
- Net return of $52,000 annually + outgoings + GST
- Business that has been operating in the area for 16 years
- 279sqm total area
- Clear span warehouse
- Open plan and partitioned office
- 6 exclusive use car parks, 5 of which are under cover

For more information or to book in an inspection, please contact the exclusive marketing agents Ray White Commercial Milton

Property History for 5/55 Proprietary St, Tingalpa, QLD 4173

A timeline of how this property has performed in the market
Last Sold
$960,000
07 Sep 2022
Listed for Rent
$958/w
23 Jun 2024
  • 07 Sep 2022
    Sold for $960,000
  • 30 Jun 2022
    Listed for Sale For Sale By Negotiation
  • 30 Apr 2008
    Sold for $748,000
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About Tingalpa 4173

The size of Tingalpa is approximately 8.9 square kilometres. It has 23 parks covering nearly 32.9% of total area. The population of Tingalpa in 2011 was 8,539 people. By 2016 the population was 8,294 showing a population decline of 2.9% in the area during that time. The predominant age group in Tingalpa is 30-39 years. Households in Tingalpa are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tingalpa work in a professional occupation. In 2011, 70.5% of the homes in Tingalpa were owner-occupied compared with 71% in 2016.

Tingalpa has 3,915 properties. Over the last 5 years, Houses in Tingalpa have seen a 77.47% increase in median value, while Units have seen a 80.06% increase. As at 31 July 2024:

  • The median value for Houses in Tingalpa is $950,430 while the median value for Units is $669,087.
  • Houses have a median rent of $675 while Units have a median rent of $530.
There are currently 10 properties listed for sale, and 17 properties listed for rent in Tingalpa on OnTheHouse. According to CoreLogic's data, 168 properties were sold in the past 12 months in Tingalpa.

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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.