Property Details for 47 Takalvan St, Millbank
Last Listing description (May 2024)
Prime Restaurant Opportunity at 47 Takalvan Street, Millbank, QLD 4670
Nestled in the thriving commercial district of Millbank, this standout property presents a remarkable investment opportunity for discerning buyers. Currently configured as a restaurant, the site spans 448 m with a specialized commercial zoning, offering ample flexibility for various business ventures.
Key Highlights:
Robust Build: Freehold commercial property featuring robust infrastructure ready to accommodate high-traffic business operations.
Historical Significance: This property boasts a stellar track record of steady appreciation, underscoring its lasting value and charm.
Versatile Space: The current layout supports a restaurant business, but the zoning allows for other commercial enterprises, making it an excellent choice for expansion or new business development.
Investment Potential: Being situated on a busy roadway you will save a fortune on marketing and enjoy higher profits in the process.
This property not only promises immediate utility but also long-term value growth, making it an ideal choice for both established businesses looking to expand and entrepreneurs seeking a prime location.
For more details or to schedule a viewing, contact your exclusive Harcourts Ignite sales specialist Rhys Kummerow on 0437 457 575. Experience the potential of 47 Takalvan Street and envision your business flourishing in this exceptional space.
All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Property History for 47 Takalvan St, Millbank, QLD 4670
- 22 Apr 2024Listed for Sale $890,000
- 29 Mar 2023Listed for Sale $890,000
- 16 Mar 2012Listed for Sale 250000 PLUS SAVING
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About Millbank 4670
The size of Millbank is approximately 3.4 square kilometres. There are 4 parks, covering nearly 7.8% of the total area. The population of Millbank in 2016 was 2512 people. By 2021 the population was 2499 showing a population decline of 0.5% in the area during that time. The predominant age group in Millbank is 70-79 years. Households in Millbank are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millbank work in a professional occupation.In 2021, 60.10% of the homes in Millbank were owner-occupied compared with 55.70% in 2016.
Millbank has 1,229 properties. Over the last 5 years, Houses in Millbank have seen a 128.39% increase in median value, while Units have seen a 119.14% increase. As at 31 July 2026:
- The median value for Houses in Millbank is $669,856 while the median value for Units is $487,656.
- Houses have a median rent of $595 while Units have a median rent of $400.
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