Auction - Wednesday 4 March 2026 at 11:00am
In Rooms at 43 Nariel Street, Albion
Value-Add Corner Development Opportunity - Flexible Income + Upside
Overview
_____________
• Zoning: Business / Centre
• Land Area: 2,460 m²
• Gross Building Area: 822 m²
• Holding Income: $69,692 p.a. (Repco - gross)
• Large vacant tenancy ready for occupation or repositioning
• Auction: 4 March 2026 @ 11:00am
Description
_____________
This is not a passive set-and-forget investment.
This is a strategic corner site offering scale, exposure and genuine repositioning potential for developers, owner-occupiers and value-add investors seeking upside rather than simply yield.
Positioned on one of Kingaroy's most dominant intersections - Haly Street (D'Aguilar Highway) and Youngman Street (Bunya Highway) - the property benefits from approximately 17,300 vehicles per day, delivering exceptional visibility and access.
Set across a substantial 2,460 m² corner allotment, the site comprises a dual-tenancy large format retail building totalling approximately 822 m² GFA.
• One tenancy is currently vacant - ideal for owner-occupiers, redevelopment staging, or immediate re-leasing.
• The second tenancy is leased to Repco until August 2027, generating $69,692 p.a. (gross) and providing holding income while future plans are progressed. Repco has indicated openness to early relocation if a suitable replacement tenant is secured.
Zoned Business / Centre, the property supports a wide variety of commercial and retail uses including:
• Large format retail
• Showroom
• Automotive
• Service station
• Drive-through food
• Health and allied services
• Commercial offices
• Mixed-use development (STCA)
Planning advice confirms the site has the capacity for development up to three storeys (STCA), creating meaningful long-term redevelopment potential.
Whether you are:
• A developer seeking a high-profile corner site with interim income
• An owner-occupier wanting scale and exposure with future expansion options
• A value-add investor targeting leasing uplift and redevelopment upside
This property offers flexibility, scale and genuine repositioning potential in the commercial heart of the South Burnett region.
Auction Details
_____________
For Sale via Public Auction
Committed vendor - property will be sold
Wednesday 4 March 2026 @ 11:00am
43 Nariel Street, Albion
For further information or to arrange an inspection, contact
Stephen and Elliot Kidd
Ray White Metro North
The size of Kingaroy is approximately 68.6 square kilometres. It has 19 parks covering nearly 1.5% of total area. The population of Kingaroy in 2016 was 10020 people. By 2021 the population was 10266 showing a population growth of 2.5% in the area during that time. The predominant age group in Kingaroy is 20-29 years. Households in Kingaroy are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kingaroy work in a labourer occupation.In 2021, 59.60% of the homes in Kingaroy were owner-occupied compared with 56.30% in 2016.
Kingaroy has 5,597 properties. Over the last 5 years, Houses in Kingaroy have seen a 137.36% increase in median value, while Units have seen a 135.46% increase. As at 31 March 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.