38 Limestone StreetIpswich QLD 4305
Property Details for 38 Limestone St, Ipswich
Last Listing description (November 2023)
Cushman & Wakefield (in conjunction with Knight Frank) has the privilege of offering 30-38 Limestone St, Ipswich for sale and are pleased to provide a copy of the Information Memorandum attached for your review.
We summarise the key investment features of the property as follows:
- 88% of income underpinned by Health, QLD Government, and Social Infrastructure Services, including West Moreton Health
- Situated in Ipswich medical core - located within ~750 meters of significant public and private healthcare infrastructure including Ipswich Public Hospital, St Andrews Private Hospital, and Cura Ipswich Day Hospital.
- Rapidly growing medical precinct driven by undersupply of public hospital beds in West Moreton catchment reflecting 1.85 beds per 1,000 people comparing unfavourably to OECD average of 5.1 per 1,000
- Substantial land holding occupying an 8,064sqm dominant CBD corner site with high exposure and parking for 306 cars reflecting a best-in-class ratio of 1:24sqm
- Value-add opportunity with a 680sqm development site & existing DA approval for a 3,175sqm building
- Strong leasing momentum with 27% of NLA having leased in past 12 months to public healthcare services and social infrastructure tenants
*Approximately
For sale by Expressions of Interest closing Thursday 8 June, 2023 at 4pm (AEST).
Property History for 38 Limestone St, Ipswich, QLD 4305
- 02 Mar 2026Sold for $27,500,000
- 12 Oct 2023Listed for Rent - Price not available
- 11 May 2023Listed for Sale Please contact agents for further information.
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About Ipswich 4305
The size of Ipswich is approximately 4.2 square kilometres. It has 11 parks covering nearly 34.1% of total area. The population of Ipswich in 2016 was 2459 people. By 2021 the population was 2468 showing a population growth of 0.4% in the area during that time. The predominant age group in Ipswich is 50-59 years. Households in Ipswich are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ipswich work in a professional occupation.In 2021, 41.70% of the homes in Ipswich were owner-occupied compared with 41.30% in 2016.
Ipswich has 1,755 properties. Over the last 5 years, Houses in Ipswich have seen a 128.36% increase in median value, while Units have seen a 188.71% increase. As at 31 March 2026:
- The median value for Houses in Ipswich is $894,028 while the median value for Units is $587,719.
- Houses have a median rent of $575 while Units have a median rent of $380.
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