3 Hughes TerraceGympie QLD 4570
Property Details for 3 Hughes Tce, Gympie
Last Listing description (November 2019)
This property has been operating as a stable business premises since the day it was built. Today the wonderful tenant spoils her clients with the best customer service. There is still one bedroom and a bathroom plus kitchen.
For security of the current tenant there has been an option for a further 3 year lease signed. This will give this tenant a lease till September 2023.
The current lease will provide you with approx. 7.6% return. The building has recently had a freshen up as well as a new roof on the entire building. As the landlord you are only responsible to insure the building as the Leasee's are responsible for all outgoings as per lease terms.
This opportunity does not come along very often so give us a call today.
Positioned on a corner block.
Good exposure in a high traffic area.
Prominent building with other commercial shops and Hotel nearby.
Approximately 1 klm to Centro Gympie
Approximately 1.4Klm to Gympie CBD
Solid tidy building with kitchen and bathroom
Bus stop, phone box and post box at the front door
Currently operating as "Heaven Leigh Cupcakes"
Have payment records showing regular rental records
If you have anyone looking for an Investment let me know.
Property History for 3 Hughes Tce, Gympie, QLD 4570
- 25 Nov 2019Sold for $227,500
- 20 Sep 2019Listed for Sale $239,000
- 05 Jan 2018Listed for Sale $229,500
Recent sales nearby
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About Gympie 4570
The size of Gympie is approximately 15.2 square kilometres. There are 32 parks, covering nearly 13.9% of the total area. The population of Gympie in 2016 was 10803 people. By 2021 the population was 11355 showing a population growth of 5.1% in the area during that time. The predominant age group in Gympie is 10-19 years. Households in Gympie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gympie work in a labourer occupation.In 2021, 59.20% of the homes in Gympie were owner-occupied compared with 54.10% in 2016.
Gympie has 6,690 properties. Over the last 5 years, Houses in Gympie have seen a 104.87% increase in median value, while Units have seen a 88.28% increase. As at 30 June 2026:
- The median value for Houses in Gympie is $707,959 while the median value for Units is $531,216.
- Houses have a median rent of $580 while Units have a median rent of $420.
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