1/97 George StreetKippa-Ring QLD 4021
Property Details for 1/97 George St, Kippa-Ring
Last Listing description (April 2021)
Situated within the Peninsula Specialist Centre in Kippa Ring this medical suite underwent a full internal renovation in recent years making this a stylish and modern facility. Presently leased as medical rooms to five allied health and specialist medical practitioners, this suite provides some risk diversity having multiple tenants in place.
A majority of the leases, have been renewed for three years and tenants include Sullivan Nicholaides Pathology, sleep disorder treatment rooms, Respiratory & Sleep Physician and General Medicine Physician/Specialist, physio and a cardiologist. Presently the property produces a net income of $81,439. Some of the features of the suite includes the following:
Approximately 193m2 with full ducted air conditioning that was replaced during renovations
Capacity to split office into two suites
Seven consulting rooms and two offices
Kichenette and internal amenities
External exposure to the car park and main road with great signage opportunities
Located within a fully dedicated specialist centre with up to 20 suites and a Healthscope private hospital
This investment property with well established medical practitioners as tenants represents a great opportunity for you to add to your investment portfolio. For more information including an information memorandum or to arrange inspection contact Robert Rey or Grant Brix today.
Property History for 1/97 George St, Kippa-Ring, QLD 4021
- 14 Oct 2021Sold for $1,140,000
- 05 Jul 2019Listed for Sale Contact Agent
- 29 Jun 2016Listed for Rent $2,000 / year
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0About Kippa-Ring 4021
The size of Kippa-Ring is approximately 5.4 square kilometres. It has 24 parks covering nearly 12.7% of total area. The population of Kippa-Ring in 2016 was 9790 people. By 2021 the population was 9745 showing a population decline of 0.5% in the area during that time. The predominant age group in Kippa-Ring is 10-19 years. Households in Kippa-Ring are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kippa-Ring work in a trades occupation.In 2021, 62.00% of the homes in Kippa-Ring were owner-occupied compared with 61.50% in 2016.
Kippa-Ring has 4,393 properties. Over the last 5 years, Houses in Kippa-Ring have seen a 104.68% increase in median value, while Units have seen a 122.37% increase. As at 31 January 2026:
- The median value for Houses in Kippa-Ring is $920,249 while the median value for Units is $638,287.
- Houses have a median rent of $600 while Units have a median rent of $520.
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