SOLD
Sold on 29 Apr 2024 for $935,000

97 Marian Street
Townview QLD 4825

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1618m2
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Property Details for 97 Marian St, Townview

Building Type
Commercial
Land Size
1618m2
Local Government
Mount Isa
Lot/Plan
22/MPH21999

Last Listing description (June 2024)

This wonderful property offers a good cash flow business with a great future
redevelopment opportunity. The Fantastic Marian Street location, excellent
clientele and internet profile makes this a great entry level opportunity.

Land total size 3773m2 and freehold.

Facilities in the 2 room motel/6 rooms including kitchenette, All rooms are fully airconditioned, Wifi Internet and Austar.
The business & Motel is on a WIWO basis and includes all stock at hand. Onsite 3 bedroom managers residence, fully equipped Reception/Office, on site laundry and 3 bay shed and equipment.

Online bookings incl Wotif, preferred supplier to several government clients, Rated Number 1 motel on Trip Advisor.

Excellent current figures and returning 13.58% return

This well run business represents a great balance of motel accommodation plus the opportunity 2 lease two homes on separate titles next to the motel and regularly booked by families and business's as part of the motel business.
Current owners can provide management training to the buyers

For more information contact Kieran Tully 0416 177 001 or John Tully 0429 029 289

Property Code: 831

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Property History for 97 Marian St, Townview, QLD 4825

A timeline of how this property has performed in the market
Last Sold
$935,000
29 Apr 2024
  • 06 Jun 2024
    Listed for Sale UNDER CONTRACT
  • 29 Apr 2024
    Sold for $935,000
  • 01 Nov 2022
    Listed for Sale $995,000
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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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