72 Formation StreetWacol QLD 4076
Property Details for 72 Formation St, Wacol
Last Listing description (July 2022)
CG Property and CBRE are pleased to offer 72 Formation Street, Wacol, to the market for sale via Expressions of Interest.
Features of the property include:
- 18,910 sqm* General Industry C landholding
- Fully leased to long-standing occupier Penske Commercial Vehicles Pty Ltd
- Tenant occupies multiple adjoining sites
- WALE of 4.3 years (as at 1 May 2021)
- Net passing income of $1,381,498 per annum
- Further 5-year option
*Approx.
The property is located in the highly sought-after Western Corridor. The site is approx. 20 minutes from the Brisbane CBD offers excellent access to major arterials, including the Ipswich, Logan, and Centenary Motorways.
For sale via Expressions of Interest closing Thursday 6th May 2021. AEST
For further details or to arrange an inspection, please contact the Exclusive Agents.
Property History for 72 Formation St, Wacol, QLD 4076
- 01 Sep 2021Sold for $16,100,000
- 20 Apr 2021Listed for Sale Contact Agents
- 16 Apr 2009Sold for $10,850,000
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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 706 properties. Over the last 5 years, Houses in Wacol have seen a 143.88% increase in median value, while Units have seen a 46.67% increase. As at 31 October 2024:
- The median value for Houses in Wacol is $700,198 while the median value for Units is $467,446.
- Houses have a median rent of $500 while Units have a median rent of $450.
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