638 Kingsford Smith DriveHamilton QLD 4007
Property Details for 638 Kingsford Smith Dr, Hamilton
Last Listing description (May 2018)
THIS VERY OPERATIONALLY EFFICIENT ACCOMMODATION ASSET IS EXTREMELY WELL CONSTRUCTED AND MAINTAINED. THE AIRPORT MOTEL IS A 3.5-STAR AAA RATING AND COMPRISES 34 ROOMS PLUS MANAGERS APARTMENT ADJACENT TO RECEPTION. IT HAS 24 YEARS REMAINING ON A 30-YEAR LEASE WHICH COMMENCED ON 16 AUGUST 2012. /P UL LI NET PROFIT $173,096 TO 30/12/17. PROFIT IMPACTED BY ROADWORKS DUE TO BE COMPLETED IN THE NEAR FUTURE. /LI LI OCCUPANCY 61% /LI LI 10 YEARS FROM 16/08/2012 WITH 4 X 5-YEAR OPTIONS /LI LI RENT $1783 PER ANNUM (PLUS GST) INCREASING BY CPI ANNUALLY /LI LI UPSIDE GALORE. BUYING AT THE BOTTOM OF THE MARKET WITH HUGE GROWTH IN THE FUTURE /LI LI NO FOOD AND BEVERAGE /LI /UL STRONG NB. PROPERTY INSPECTIONS ARE BY APPOINTMENT ONLY /STRONG /P
Property History for 638 Kingsford Smith Dr, Hamilton, QLD 4007
- 02 May 2018Listed for Sale $800,000
- 13 Jul 2017Listed for Sale OFFERS TO PURCHASE
- 11 Dec 2012Sold for $4,323,000
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About Hamilton 4007
The size of Hamilton is approximately 3.4 square kilometres. It has 8 parks covering nearly 2.5% of total area. The population of Hamilton in 2016 was 6995 people. By 2021 the population was 8922 showing a population growth of 27.6% in the area during that time. The predominant age group in Hamilton is 30-39 years. Households in Hamilton are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hamilton work in a professional occupation.In 2021, 44.00% of the homes in Hamilton were owner-occupied compared with 45.50% in 2016.
Hamilton has 6,460 properties. Over the last 5 years, Houses in Hamilton have seen a 37.15% increase in median value, while Units have seen a 104.24% increase. As at 31 March 2026:
- The median value for Houses in Hamilton is $2,404,364 while the median value for Units is $962,264.
- Houses have a median rent of $1,025 while Units have a median rent of $680.
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