5/40-42 Albion StreetWarwick QLD 4370
Property Details for 5/40-42 Albion St, Warwick
Last Listing description (August 2024)
This investment Unit is situated on the corner of Albion and Fitzroy Streets and is part of a retail complex. Albion Street (Cuningham Highway) is a four-lane carriageway and is the main traffic route through Warwick.
The Unit is fitted out to suit the tenant who operates a Pizza Hut franchise.
A new five-year lease commenced on 1 December 2023 at an annual net income of $23,194.63 plus GST. Two by five-year options are available and the annual rent reviews are fixed at 4%.
Investment properties of this size are not readily available and it offers a good opportunity for an investor to enter the commercial market.
For more information please contact Shane Kennett or Matthew Keeley from LJ Hooker Commercial Toowoomba.
Property History for 5/40-42 Albion St, Warwick, QLD 4370
Recent sales nearby
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0About Warwick 4370
The size of Warwick is approximately 25.9 square kilometres. It has 19 parks covering nearly 7.8% of total area. The population of Warwick in 2016 was 12222 people. By 2021 the population was 12294 showing a population growth of 0.6% in the area during that time. The predominant age group in Warwick is 60-69 years. Households in Warwick are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Warwick work in a labourer occupation.In 2021, 60.50% of the homes in Warwick were owner-occupied compared with 58.30% in 2016.
Warwick has 6,832 properties. Over the last 5 years, Houses in Warwick have seen a 138.05% increase in median value, while Units have seen a 117.66% increase. As at 31 March 2026:
- The median value for Houses in Warwick is $599,895 while the median value for Units is $462,580.
- Houses have a median rent of $550 while Units have a median rent of $390.
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