OFF MARKET

79 Marian Street
Townview QLD 4825

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3027m2
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Property Details for 79 Marian St, Townview

Building Type
Commercial
Land Size
3027m2
Local Government
Mount Isa
Lot/Plan
803/SP186735

Last Listing description (January 2022)

Savills is proud to offer for the first time to the market Spinifex Motel & Serviced Apartments on the Barkly Highway, Mount Isa. This is a freehold offering to be purchased in-one-line or individually with a strong income stream across a diversified holding.

The site combines two lots with a total land area of 4,454sq m* occupying a prominent corner with a frontage of 65m* to the Barkly Highway.


- Modern build with Motel constructed 2006 and the Townhouses 2014
- Lot 803 incorporates a 34 room motel, office/ reception, restaurant, bar and managers residence
- Lot 806 incorporates five (5) x three (3) bedroom with two (2) bathroom serviced apartments / townhouses and lock up garages
- Managers currently in place
- Motivated vendors divesting asset
- Full set of financials available to bona fide purchasers
(*Approx.)

Property History for 79 Marian St, Townview, QLD 4825

A timeline of how this property has performed in the market
  • 10 Jun 2019
    Listed for Sale EOI closing 4pm Wednesday 21 November 2018
  • 17 Oct 2018
    Listed for Sale EOI closing 4pm Wednesday 21 November 2018

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About Townview 4825

The size of Townview is approximately 1.1 square kilometres. It has 2 parks covering nearly 1.7% of total area. The population of Townview in 2011 was 2,370 people. By 2016 the population was 2,061 showing a population decline of 13.0% in the area during that time. The predominant age group in Townview is 0-9 years. Households in Townview are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Townview work in a trades occupation. In 2011, 48.1% of the homes in Townview were owner-occupied compared with 47.5% in 2016.

Townview has 955 properties. Over the last 5 years, Houses in Townview have seen a 20.08% increase in median value, while Units have seen a -10.01% decrease. As at 31 October 2024:

  • The median value for Houses in Townview is $242,172 while the median value for Units is $268,784.
  • Houses have a median rent of $423 while Units have a median rent of $270.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Townview on OnTheHouse. According to CoreLogic's data, 23 properties were sold in the past 12 months in Townview.

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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.