3 Iraci AvenueRocky Point QLD 4874
Property Details for 3 Iraci Ave, Rocky Point
Last Listing description (December 2022)
The Phone Code for this property is: 79836. Please quote this number when phoning or texting.
Self Storage Complex
The sheds have been a great investment for me over the years, giving returns far greater than any rental property could dream of. For example, if this was a house it would have averaged $2,166 a week rent over the last 3 years. And that's at an average occupancy of only 57% (up from 42% on the previous 3 years) . There is so much potential to increase the profit without any further capital costs. I have kept the rates very reasonable for a mining town where there is no competition (same rates as Cairns). Perhaps you can see a way of putting the vacant storage space to good use while it's not being used?
Weipa isn't as risky as your typical mining town given that Aluminium is a material of the future that will always be in strong demand and this is the largest bauxite deposit in the world that sits in a stable country close to China. The long term mine plans show mining in the area for at least another 100+ years. Tourism is also increasing dramatically with many new clientele chasing storage for boats and trailers etc while visiting. There is always talk of Weipa developing into a regional hub for government organisations as well.
The sheds can be managed while living remotely quite easily and for very little cost. There is a website set up. Rent is paid in advance monthly.
About the sheds. There are two purpose built buildings comprising 80 sheds of varying sizes (1x1's up to 6x3's). The first building was built in 2002 and the other in 2012. Both are in terrific condition, required little to no maintenance and are situated on 2,100 m2 of freehold fully fenced land located at Evans Landing, the main industrial precinct of Weipa. There are CCTV cameras to the outside of the storage unit building to the street front.
Ring or email for further information and for accountant prepared financial figures. The figures will show a greater than 11% return on investment. Where are you going to find that these days?
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 3 Iraci Ave, Rocky Point, QLD 4874
- 05 Nov 2020Sold for $890,000
- 05 Aug 2020Listed for Sale $900,000
- 28 Jun 2012Transferred for $532,207
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 18.98% increase in median value, while Units have seen a 126.47% increase. As at 31 January 2026:
- The median value for Houses in Rocky Point is $459,298 while the median value for Units is $469,020.
- Houses have a median rent of $655 while Units have a median rent of $600.
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