54 Normanby StreetYeppoon QLD 4703
Property Details for 54 Normanby St, Yeppoon
Last Listing description (September 2024)
Discover an exceptional leased investment opportunity at 54 Normanby Street, Yeppoon. This prime commercial property spans 1,501 sqm and features an 807 sqm building housing long-term, established tenants. Currently generating a rental income of $178,762 PA + GST with tenants covering outgoings, this property promises a high-yield return. The tenants, including a health and fitness centre (658 sqm) and a beauty lounge (118 sqm), offer stability with 5 years remaining on their leases plus options, and fixed annual rent increases of 4% or 5% depending on tenancy. An additional office space of 31 sqm is occupied for another 12 months.
54 Normanby Street has a rich history, having housed a gym since 1983 and beauty lounge since 2003, as well as undergoing major renovations in 2000, 2020, and 2022. Additionally, there is potential to add more rental space on the block, subject to Council approval.
This property boasts one of the most enviable locations in town for a commercial asset. Situated within walking distance to the main shopping precincts, a variety of restaurants, lively bars, and essential services, this prime spot ensures high activity and visibility. Additionally, its proximity to the beach not only enhances the appeal for potential customers but also significantly adds to the asset's overall value.
Key Points:
Land Area: 1,501 sqm
Building Area: 807 sqm
Current Rental Income: $178,762 PA + GST
Tenants Pay All outgoings except building insurance
Long-Term Tenants with 5 Years Remaining Plus Options
Lease A, B & C: 658 sqm - Health and Fitness Centre (5% Annual Fixed Rent increase)
Lease D1 & 2: 118 sqm - Beauty Lounge (4% Annual Fixed Rent increase)
Lease F: 31 sqm Office (12 months remaining)
Historical Significance: Gym Since 1984, Beauty lounge since 2003
Recent Renovations: 2000, 2020, 2022
Development Potential: Opportunity to Add More Rental Space (Subject to Council Approval)
Major Centre Zoning: Located in Central Yeppoon with Excellent Exposure
Please contact Paul Minto or Jack Hughes for more information.
Property History for 54 Normanby St, Yeppoon, QLD 4703
- 04 Jul 2024Sold for $2,200,000
- 17 Jun 2024Listed for Sale $2.2 million
- 22 Jan 2023Sold for $1,825,000
Recent sales nearby
See more recent sales nearby/assets/perm/s7kpompkuyi6zjotefdkkg6due?signature=a48c573605552c37f5ed5e461d96f095466fe0bf9501d3fd284107e59b6456a6){kind=logo}
0
/assets/perm/72zblof6pii6nbgr27kixfbtpu?signature=965ed2b5ff893a06a4feb4e6e7cd38df5d6eaf0eaadc3d0b5db96bbe968b0a45){kind=logo}
0
/assets/perm/j763dzpcfmi6zfgjt6o6eiqzju?signature=fea751ec4528875930ea0d9c2dc010fc2bc76a0da73205742b18e99d40f9a15e){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Yeppoon 4703
The size of Yeppoon is approximately 9.5 square kilometres. It has 17 parks covering nearly 12.6% of total area. The population of Yeppoon in 2016 was 6334 people. By 2021 the population was 7037 showing a population growth of 11.1% in the area during that time. The predominant age group in Yeppoon is 50-59 years. Households in Yeppoon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Yeppoon work in a professional occupation.In 2021, 59.20% of the homes in Yeppoon were owner-occupied compared with 55.60% in 2016.
Yeppoon has 4,400 properties. Over the last 5 years, Houses in Yeppoon have seen a 105.71% increase in median value, while Units have seen a 90.94% increase. As at 30 April 2026:
- The median value for Houses in Yeppoon is $851,007 while the median value for Units is $595,311.
- Houses have a median rent of $650 while Units have a median rent of $480.
Suburb Insights for Yeppoon 4703
Market Insights
Yeppoon Trends for Houses
N/A
N/A
View TrendN/A
N/A
Yeppoon Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
