OFF MARKET

60 Formation Street
Wacol QLD 4076

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3410m2
Land area: 9241m2
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Property Details for 60 Formation St, Wacol

Building Type
Commercial
Floor Size
3410m2
Land Size
9241m2
Local Government
Brisbane
Lot/Plan
673/SL7113

Last Listing description (October 2018)

* New 5 year lease plus 5 year option to long term tenant onsite
* 9,241sqm General Industry site
* 3,410sqm of GFA

* Low site coverage
* At the junction of the Ipswich & Logan Motorways
Outstanding opportunity to acquire a proven Transport Depot in the Western Corridor at the junction of Ipswich and Logan motorways. Multiple site improvements comprising 1,400m2 warehouse with 300m2 awning coving weighbridge. 250m2 offices and staff amenities. Freestanding 1,120m2 awning at the rear of the property for all weather loading. On-site Truck wash bay and a 340m2 freestanding freezer building at the front of the site. The long term tenant onsite has just renewed their lease for a further 5 years.
Contact Exclusive Agent - Daryl Sluggett for further details or to arrange an inspection

Property History for 60 Formation St, Wacol, QLD 4076

A timeline of how this property has performed in the market
Last Sold
$7,300,000
14 Mar 2022
Listed for Rent
$805/w
05 Dec 2007
  • 14 Mar 2022
    Sold for $7,300,000
  • 27 Oct 2020
    Listed for Sale WESTERN CORRIDOR HEAVY HITTER!
  • 14 Feb 2017
    Listed for Sale Contact Exclusive Agent: Daryl Sluggett
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About Wacol 4076

The size of Wacol is approximately 18.2 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Wacol in 2011 was 2,957 people. By 2016 the population was 3,774 showing a population growth of 27.6% in the area during that time. The predominant age group in Wacol is 20-29 years. Households in Wacol are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wacol work in a trades occupation. In 2011, 61.3% of the homes in Wacol were owner-occupied compared with 45.4% in 2016.

Wacol has 710 properties. Over the last 5 years, Houses in Wacol have seen a 116.48% increase in median value, while Units have seen a 41.85% increase. As at 30 September 2024:

  • The median value for Houses in Wacol is $625,428 while the median value for Units is $468,901.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 8 properties listed for sale, and 1 property listed for rent in Wacol on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Wacol.

Suburb Insights for Wacol 4076

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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.