BIG FIGURE: The property at 228 Ellena St, which is home to Paisley Park Early Education, sold for $1,850,000.
BIG FIGURE: The property at 228 Ellena St, which is home to Paisley Park Early Education, sold for $1,850,000. Corelogic

$1.8M SALE: M'boro property gets top price

A MARYBOROUGH childcare building has sold at auction for more than $1.8 million to top the Fraser Coast property market.

The property at 228 Ellena St is home to Paisley Park Early Education and sold for $1,850,000 to be the highest reported sale in the region last week.

Situated on 2024sq m of land, the new owners bought a single-level purpose-built childcare centre licenced for 75 long daycare places.

It also has 12 on-site parking spaces.

The sale was advertised to include a 15-year lease to 2032, a minimum of 3 per cent annual rent increases and a net income of $137,811 per annum.

After spending 36 days on the market, the commercial property beat its last selling price of $1,016,004, in February 2007.

In June 2018 the land was valued at $225,000.

The middle-of-the-pack sales price for the region was $250,000, which gave one home owner the title to 49 East St, Scarness.

A bargain hunter bought Lot 94 Deephouse Rd, Bauple for $58,000.

The median prices on the Fraser Coast for the last month were $328,000 for houses and $249,500 for units.

TOP REPORTED SALES ON FRASER COAST LAST WEEK:

1. 228 Ellena St, Maryborough $1,850,000

2. 38 Highview Dr, Craignish $625,000

3. 8 Osprey Dr, Craignish $570,000

4. 489 Oregan Creek Rd, Toogoom $449,000

5. 32 Lucas Dr, Burrum Heads $382,000

6. 36 Cypress St, Torquay $363,000

7. 33 Earl St Vincent Cct, Eli Waters $355,000

8. 4 Twin Fin Ct, Toogoom $340,000

9. 2 Sailaway Cct, Eli Waters $325,000

*This list is based on last week's confirmed sales using the combination of transactions reported from local real estate agents to Corelogic and settled sale data provided by the Department of Natural Resources.



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