16 Herbert Street, Bowen, QLD 4805 sold on 17 October 2025 | OnTheHouse
SOLD
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Sold on 17 Oct 2025 for $800,000

16 Herbert Street
Bowen QLD 4805

Bedrooms: -
Bathrooms: -
Car spaces: 4
Floor area: 420m2
Land area: 1017m2
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Property Details for 16 Herbert St, Bowen

Building Type
Commercial
Floor Size
420m2
Land Size
1017m2

Last Listing description (October 2025)

Substantial commercial premises located in the heart of Bowen's CBD; this building has high visibility, quality construction, and a national Blue Chip tenant in place with solid lease terms. Having been occupied by the Westpac bank for over 30 years, this building is a solid investment opportunity to add to your investment portfolio. Sited on a very spacious 1017m2 corner parcel of land, there is ample on-street parking for customers and the front and side of the building. There is further ample onsite parking for staff. The building has been designed to capture as much street presence as possible with a unique floor plan wrapping around the main frontage corner to ensure maximum visibility. The building offers two access doors at the front (one electronic and one manual with disability access) for clients to easily visit the premises. Upon entry, there is a large foyer/ customer service area with tellers facing the front of the building behind protective screening. Behind the main foyer area is a private section offering several office spaces before entering the fully secured main bank area. Behind secure access, there is another two private and secure office spaces, several storage spaces, the main staff area with an open plan design, and Male and Female WC facilities. The building is fully air-conditioned and cabled for the highest level of banking operations.

THE FIGURES:
Rates: $3,500 approx per six-month period (Tenant Reimburses Vendor)

Water Usage: Tenant reimburses Vendor
Insurance: $3,310 approx PA - (Tenant reimburses Vendor)
Rental return: $54,257 plus GST per annum (With annual rent review on 1 July 2025, 1 July, 2026)
Lease details: 01/07 /2024 -30/06/2027 (With 3 x 2 Year Options)
Zoning: Major Centre - According to WRC Planning*

Be sure to do your figures on this quality Blue Chip investment opportunity; this will be highly desirable in the Bowen commercial market space.

*Given the nature of the tenant within this property, inspections are only available with prior appointment and approval from the tenant. Identification will be required before access is granted.*

Property History for 16 Herbert St, Bowen, QLD 4805

A timeline of how this property has performed in the market
Last Sold
$800,000
17 Oct 2025
  • 26 Sep 2025
    Sold for $800,000
  • 02 Sep 2025
    Listed for Sale $800,000 plus GST if Applicable
  • 12 Jun 2007
    Transferred for $570,000
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About Bowen 4805

The size of Bowen is approximately 1650.5 square kilometres. It has 27 parks covering nearly 4.2% of total area. The population of Bowen in 2016 was 10377 people. By 2021 the population was 11205 showing a population growth of 8.0% in the area during that time. The predominant age group in Bowen is 60-69 years. Households in Bowen are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bowen work in a labourer occupation.In 2021, 58.00% of the homes in Bowen were owner-occupied compared with 56.00% in 2016.

Bowen has 6,575 properties. Over the last 5 years, Houses in Bowen have seen a 91.60% increase in median value, while Units have seen a 70.94% increase. As at 30 November 2025:

  • The median value for Houses in Bowen is $505,455 while the median value for Units is $412,683.
  • Houses have a median rent of $593 while Units have a median rent of $450.
There are currently 108 properties listed for sale, and 27 properties listed for rent in Bowen on OnTheHouse. According to Cotality's data, 399 properties were sold in the past 12 months in Bowen.

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Contact agent
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Kyli McCrae
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McCrae Property Group Pty LTd
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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.