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119 Archer Street, Woodford QLD 4514

Offers Over $1.2million

Search Band Search Visibility Band

$1.2M - $1.3M High Confidence Calculated based on strong search observations.

House 2 Beds 1 Bath 4 Cars 1416 m²

Listed: 46 days ago

Updated: 16 days ago

Overview

Set on a generous 1,416 square meter allotment in the heart of Woodford, this distinctive property offers a rare investment opportunity. First offered in 23 years, it encompasses a versatile combination of commercial and residential elements, providing multiple income streams and expansive future potential.

The main building, which has functioned as office space since 2008 and formerly operated as a convenience store, presents room for reconfiguration including the possibility of creating two separate commercial tenancies. This flexibility adds value for investors considering diverse tenant arrangements or alternative uses.

At the rear of the property is a separate residential dwelling, currently tenanted long-term, which enhances the investment appeal by diversifying revenue sources. Complementing these features is a substantial three-bay shed, offering additional secure storage or workshop space that expands the functional capabilities of the holding.

Spacious 1,416 sqm land area providing ample space for development or expansion
Combination of established commercial premises and a separate residential unit under one title
Potential to subdivide main office space into two separate tenancies
Long-term tenant occupying the rear dwelling, ensuring steady income
Three-bay shed adding valuable storage and operational space
Flexibility for future reconfiguration or varied commercial and residential uses

This property will appeal to investors seeking a well-rounded asset with a solid footprint in Woodford, grown income diversification, and flexibility to adapt to changing market needs. The established use history and sizeable landholding underline the property's robust potential for sustained profitability or redevelopment, subject to council and planning approval.

Local Market Insights

In Woodford, Quiet Listings observed 10 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $1,410,300. The property type mix of listed properties is predominantly Houses at 92%, followed by land (8%). The most active agency for houses in the Woodford area is currently Ray White, representing 50% of new listings, followed by BD Realty with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.