2 Stedman Street

Norville QLD 4670

804 m²

Block of units

Currently for sale - view listing

Overview

READY TO GO INCREDIBLE INVESTMENT OPPORTUNITY

An outstanding opportunity to secure an entire block of four units in one of Norville's most convenient locations. Fully tenanted with quality long-term tenants on fixed-term leases, this is a genuine set-and-forget investment offering immediate cash flow, strong rental security and excellent long-term potential. Currently returning approximately $92,560 per annum in gross rental income once the scheduled rent increases take effect, the property offers an attractive gross yield of approximately 6.5% - 7.1% (subject to purchase price). With rental increases already locked in and a history of excellent tenant retention, this is a rare opportunity to acquire a high-performing residential investment in a tightly held market. Property Features: • Fully tenanted complex of four units • Long-term tenants with fixed-term leases in place • Well-maintained, low-maintenance complex • Highly sought-after Norville location close to schools, shopping, hospital and CBD In Each Unit: • 2 bedrooms + 1 bathroom • Open-plan living and dining area • Functional kitchen with excellent storage • Ceiling fans throughout • Bathroom with shower, vanity and toilet • Separate laundry with rear access • Individual carports plus additional street parking UNIT A Current Lease End: February 2027 Current rent: $420 per week (increases to $460 per week in August 2026) UNIT B Current Lease End: March 2027 Rent: $440 per week UNIT C Current Lease End: April 2027 Rent: $440 per week UNIT D Current Lease End: July 2027 Current rent: $400 per week (increases to $440 per week in July 2026) Distance to Facilities (Approx.) • Across The Waves Sports Club - 440m • Norville Park Pool - 700m • Shalom Catholic College - 1.2km • Bundaberg Airport - 2.8km • Hinkler Central Shopping Centre - 3.0km • Additional Shopping Facilities - 3.5km • Bundaberg Base Hospital - 3.6km • Bundaberg CBD - 3.7km • Bargara Beach - 16km The complex is well maintained, with tenants who take pride in their homes, helping to minimise ongoing management requirements. Perfectly positioned close to schools, shopping centres, sporting facilities, Bundaberg Airport, the Bundaberg Base Hospital and the CBD, the location continues to attract strong tenant demand and provides investors with confidence for the future. Don't miss this exceptional opportunity - contact Exclusive Listing Agent Chaise Hartnett on 0401 152 834 for more information or to arrange a private inspection today! *Whilst every endeavour has been made to verify the correct details in this marketing, neither the agent, vendor or contracted illustrator take any responsibility for any omission, wrongful inclusion, misdescription or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent. Any information that is intended to be relied upon should be independently verified.*