14 Iraci AvenueRocky Point QLD 4874
Property Details for 14 Iraci Ave, Rocky Point
Last Listing description (June 2025)
Investors if you are looking for return then this property need to be considered! The property is located within the Industrial precinct of Evans Landing within the mining town of Weipa on the west coast of Cape York Peninsula in Far North Queensland.
The site comprises a 4,914 sqm, slightly irregular shaped, corner allotment. The site is improved with two (2), detached, industrial office, showroom, and warehouse buildings providing a total combined lettable area of 1,940 sqm. The property represents a fully leased investment to two (2) tenants with a passing net income of $243,280 per annum plus outgoings and GST. The anchor tenant being the ASX listed Coates Hire.
Tenant 1 - ENZED:
3+3+3 year term commencing on 1 Feb 2025
3% annual reviews and to market at the option
Tenant 2 COATES HIRE PTY LTD
$180,000 plus outgoings and GST
3 year term (second and final term of the lease) commencing in 1 Feb 2025
CPI annual reviews or fixed whichever is greater.
$50k bond
Tenants pay all outgoings such as land tax, rates, insurance and water.
If you are looking for a sound investment with no headaches then circle this one!
Property Code: 357
Property History for 14 Iraci Ave, Rocky Point, QLD 4874
- 30 Apr 2025Listed for Sale LOW $3M
- 09 Jan 2012Sold for $700,000
- 30 Aug 2011Listed for Sale $1M NEG
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About Rocky Point 4874
The size of Rocky Point is approximately 3.7 square kilometres. It has 1 park covering nearly 8.1% of total area. The population of Rocky Point in 2016 was 1957 people. By 2021 the population was 2214 showing a population growth of 13.1% in the area during that time. The predominant age group in Rocky Point is 0-9 years. Households in Rocky Point are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rocky Point work in a trades occupation.In 2021, 32.30% of the homes in Rocky Point were owner-occupied compared with 37.50% in 2016.
Rocky Point has 794 properties. Over the last 5 years, Houses in Rocky Point have seen a 29.15% increase in median value, while Units have seen a 38.82% increase. As at 28 February 2026:
- The median value for Houses in Rocky Point is $504,807 while the median value for Units is $420,941.
- Houses have a median rent of $655 while Units have a median rent of $600.
Suburb Insights for Rocky Point 4874
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