71 Horseshoe Bay Road

Bowen QLD 4805

708 m²

Block of units

Currently for sale - view listing

Overview

TRIPLEX ON PREMIUM BEACH STRIP

What an opportunity!! A non-strata triplex complex located on premium Horseshoe Bay Road directly across from the beach, Sunday markets and parkland. This location is highly desirable and rarely offered to the market. This triplex has not gone through any strata title process, you maintain control over the whole complex and enjoy $1,205 per week combined rental income from all three units that all have great tenants and leases in place with no body corporate fees. Each of the units offers two bedrooms, a main living area and a small courtyard at the rear of the complex. Currently, the rear unit offers an extended yard area toward the back boundary. Each unit is well presented and offers neat and tidy kitchens and bathrooms. Residents will enjoy the convenience of being just a short stroll from Bowen’s renowned Sunday markets offering fresh produce, coffee, and a community atmosphere. Parklands, walking trails, an exercise circuit, and the local golf course are also within walking distance, making it effortless to maintain a healthy lifestyle while enjoying fresh sea breezes and ocean vistas. In the future, you could explore a strata approval (STCA) and consider the sale of each unit individually to maximise your returns. The complex is constructed of solid masonry block, offers easy access, and has had some renovations completed. The complex is very well presented and offers a premium location sited on a 708m2 parcel of land with 'Low-Medium Density' zoning according to the WRC town plan. As your next investment property, you can choose to further renovate each of the units to maximise returns, set and forget or explore future strata title opportunities for the complex (STAC). Just footsteps from the pristine shoreline and the sound of crashing waves, this impressive investment opportunity offers a rare and extraordinary opportunity in the Bowen market. THE FIGURES: UNIT ONE - Rental Income: $425 per week Lease Expiry Date: 18/06/2027 Last Rent Increase Date: 19/06/2026 UNIT TWO - Rental Income: $400 per week Lease Expiry Date: 17/06/2027 Last Rent Increase Date: 18/05/2026 UNIT THREE - Rental Income: $380 per week Lease Expiry Date: 7/6/2027 Last Rent Increase Date: 21/02/2026 RATES: $5,565.70 per half year