2/111 George StreetRockhampton City QLD 4700
Property Details for 2/111 George St, Rockhampton City
Last Listing description (October 2022)
Burgess Rawson is pleased to offer to the market, 111 George Street, Rockhampton QLD for sale via our Auction Investment Portfolio 156.
The property has the following investment highlights:
+ New and secure 10 year net lease to January 2031 plus option to January 2041
+ Landlord friendly net lease structure with the tenant paying all outgoings
+ Strong trading store with recent fit out, highlighting long-term commitment to the site
+ Certain rental growth with stepped lease rent reviews for the first 4 years and CPI reviews there after (next increase equates to 8.9%)
+ 101sqm* NLA unit located in the modern and extremely busy strip shopping complex - "One Eleven on George", with 60* on-site car parks
+ Major retailers and businesses in the complex include TAB, Miss India, ASN (Australian Sports Nutrition), Advantage Pharmacy and Pattysmiths Restaurant
+ Situated at the intersection of George Street (Bruce Highway) and Fitzroy Street in the heart of South Rockhampton, directly across from McDonald's and adjacent to Puma Rockhampton
+ Rockhampton: logistical hub of Central Queensland with a diverse economy underpinned by resource and agriculture, generating $84.5 billion annually (2021)
+ Net Income: $28,000 pa + GST (as at 7 January 2023)
To be sold by Investment Portfolio Auction
10:30am AEST Thursday 27 October 2022
The Hilton, Brisbane
*approx.
Property History for 2/111 George St, Rockhampton City, QLD 4700
- 27 Oct 2022Sold for $591,000
- 27 Sep 2022Listed for Sale Price on Request
- 18 Apr 2019Listed for Rent - Price not available
Recent sales nearby
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About Rockhampton City 4700
The size of Rockhampton City is approximately 2.5 square kilometres. There are 8 parks, covering nearly 5.6% of the total area. The population of Rockhampton City in 2016 was 1953 people. By 2021 the population was 2059 showing a population growth of 5.4% in the area during that time. The predominant age group in Rockhampton City is 20-29 years. Households in Rockhampton City are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rockhampton City work in a professional occupation.In 2021, 42.20% of the homes in Rockhampton City were owner-occupied compared with 41.10% in 2016.
Rockhampton City has 2,283 properties. Over the last 5 years, Houses in Rockhampton City have seen a 134.22% increase in median value, while Units have seen a 39.62% increase. As at 31 May 2026:
- The median value for Houses in Rockhampton City is $394,056 while the median value for Units is $602,511.
- Houses have a median rent of $495 while Units have a median rent of $450.
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