103 Richmond StreetMaryborough QLD 4650
Property Details for 103 Richmond St, Maryborough
Last Listing description (June 2021)
Situated on a busy CBD corner locality is this prominent freehold property which is now offered to market as an investment property. Currently leased and occupied by well-established company, Bee Mart Enterprises who are one of Queenslands largest wholesale and retail suppliers of fruit and vegetables with multiple locations throughout Australia.
The property has a standout locality and has been successfully operated as a produce outlet for decades and sits ideally adjacent to a large council car park.
The property has a gross under roof floor area in the vicinity of 480m2 with a total land area of 589m2.
The property owner is wanting to retire and is now offering the buyer a secure three year lease term with options showing a net return in the vicinity of 7.5%* based on the asking price of $448,000.00 (plus GST if applicable).
If you are considering a simple no fuss low maintenance investment property with a long term secure tenant, do not hesitate to contact Wal Pavey Real Estate for further details and inspections.
*Approx.
Property History for 103 Richmond St, Maryborough, QLD 4650
- 18 May 2021Sold for $350,000
- 18 Mar 2021Listed for Sale $448,000 (plus GST if applicable)
- 11 Nov 2004Sold for $230,000
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About Maryborough 4650
The size of Maryborough is approximately 26.5 square kilometres. There are 45 parks, covering nearly 7.5% of the total area. The population of Maryborough in 2016 was 15406 people. By 2021 the population was 15287 showing a population decline of 0.8% in the area during that time. The predominant age group in Maryborough is 60-69 years. Households in Maryborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maryborough work in a community and personal service occupation.In 2021, 61.50% of the homes in Maryborough were owner-occupied compared with 59.70% in 2016.
Maryborough has 8,406 properties. Over the last 5 years, Houses in Maryborough have seen a 129.99% increase in median value, while Units have seen a 99.81% increase. As at 30 June 2026:
- The median value for Houses in Maryborough is $580,367 while the median value for Units is $400,286.
- Houses have a median rent of $520 while Units have a median rent of $390.
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