10 Lower King StreetCaboolture QLD 4510
Property Details for 10 Lower King St, Caboolture
10 Lower King St, Caboolture is a 8 bedroom, 5 bathroom House with 5 parking spaces and was built in 1965. The property has a land size of 1012m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (December 2020)
In an area where development & construction is underway, why not buy something already developed and ready to go? This Backpacker Hostel is approved for up to 12 people including an onsite manager.
The property is currently under lease, with returns of $550 weekly through until 1/5/2021.
This gives you the time to implement your business plan, do any required renovations or improvements and prepare your investment to shine!
All of the approvals are in place, all you need to do is sit back and enjoy the returns of up to $62,920 per annum. You haven't read that incorrectly, if you charge a flat fee of $110 per person calculated on 11 people at full capacity for 52 weeks of the year, $62,920 will be your gross annual return.
The on site manager quarters has not been included in any calculations as this is a case by case scenario to be discussed and implemented by the new owner.
This property comes with:
- 2 fully functional kitchens (1 upstairs, 1 downstairs)
- Air conditioned inside the manager's quarters (also doubles for disabled bathroom)
- 4 showers
- 3 toilets
- 5 bedrooms
- 3 store rooms
- Front balcony
- Downstairs common area
- Upstairs lounge/dining room
- 5kW solar system
- Fully landscaped
- 5 car parks
- Smoke detectors
- Downstairs laundry
- 2 x water tanks
This is something that won't come along every day. All on site chattels and furniture can be discussed as part of the contract.
For further information on how to secure this investment, please call Sean Owens today.
* Please note, all figures and percentages have been calculated at full tenant capacity charging $110 per week for 11 tenants over 52 weeks of the year.
At the new listing price of $450,000 this is a steal!
Call Sean today to arrange your private inspection.
Property History for 10 Lower King St, Caboolture, QLD 4510
- 03 Dec 2020Sold for $450,000
- 06 Mar 2018Listed for Sale $450,000
- 27 Jul 2017Listed for Sale $549,999 Negotiable
Recent sales nearby
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0About Caboolture 4510
The size of Caboolture is approximately 68.7 square kilometres. It has 69 parks covering nearly 17.8% of total area. The population of Caboolture in 2016 was 26433 people. By 2021 the population was 29534 showing a population growth of 11.7% in the area during that time. The predominant age group in Caboolture is 0-9 years. Households in Caboolture are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Caboolture work in a labourer occupation.In 2021, 54.50% of the homes in Caboolture were owner-occupied compared with 48.60% in 2016.
Caboolture has 15,989 properties. Over the last 5 years, Houses in Caboolture have seen a 125.84% increase in median value, while Units have seen a 139.64% increase. As at 30 November 2025:
- The median value for Houses in Caboolture is $859,044 while the median value for Units is $539,699.
- Houses have a median rent of $580 while Units have a median rent of $450.
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