12 Constance Street

Miles QLD 4415

1421 m²

Block of units

Last sold for $775,000

Trina Martin, last sold this property on 14 October 2025 after 61 days on market.

Overview

SOLD BY TRINA AFTER MULTIPLE OFFERS

High yielding, Multi tenanted Asset in the Surat Basin Resource Sector Occupying a 1,421 m² block, this well maintained complex of seven units provides a rare opportunity to secure a high yielding, multi tenanted asset within walking distance of schools, parks and shopping amenities. This exceptional property offers a prominent location in the heart of Surat Basin Resource Sector located 47klms from Chinchilla, 68klms from Wandoan and 141klm from Roma, making it an enticing opportunity for discerning investors. Long term tenancies are in place, underscoring the appeal of the location and the stability of rental income. Unit 6 for approx. 10 yrs and Unit 2 for close to 8yrs. The property is currently fully leased and generating strong cash flow yet still offers avenues for future value creation through further refurbishment and rental uplift. Current Total Rental Income: $7,496 per month gross No Body Corporate! $1,730pw gross $89,960pa gross *Images featured showcase Unit 1, Unit 2 and Unit 7 Unit Snapshot: • One bedroom (Unit 7 has 2 bedrooms) • Functional bathroom • Kitchenette with freestanding oven and stove • Air conditioning • Car accommodation Investor Snapshot! 1) Unit 1 / 12 Constance St, Miles QLD Finalising new lease $260 2) Unit 2 / 12 Constance St, Miles QLD 8/3/25 - 9/3/26 $260 (3) Unit 3 / 12 Constance St, Miles QLD 21/9/24 - 23/6/25 $230 (4) Unit 4 / 12 Constance St, Miles QLD 08/08/25 - 08/11/25 $260 (5) Unit 5 / 12 Constance St, Miles QLD 18/1/25 - 18/7/25 $260 (6) Unit 6 / 12 Constance St, Miles QLD 30/6/25 - 12/10/25 $200 (expected increase to $230pw (7) Unit 7 / 12 Constance St, Miles QLD 3/6/25 - 3/9/25 $260 Outlays: Council Rates; approx. $165.47pw Water Rates: approx. $14.75pw Owner Pays all Water Location: Miles has demonstrated robust property fundamentals, with the median price for units at around $245,000 and rental yields currently sitting at approximately 6.87 %. Median weekly rent for units is about $352 and unit values have seen growth of over 19 % in the past twelve months. These figures highlight the strength of the local rental market and the potential for ongoing capital appreciation. For investors seeking a secure income stream with scope to enhance returns, this complex represents a compelling opportunity. All offers must include a current Finance Pre-Approval letter with your Intention to Buy form. *** To explore the finer details of this amazing property TEXT your email address to 0422 769 194 to access the full property Information package which includes: • Sellers Disclosure • Video Walk throughs • Surat Basin Resource Sector Information • Intention to Offer Form Disclaimer: We have made every effort to ensure the information contained herein is true and accurate. Prospective purchasers should satisfy themselves by inspection and make their own enquiries to verify the information contained herein.