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Back 96 Philip St
Off Market

96 Philip St

Sun Valley QLD 4680

11
5
5
1229 m²
Block of units
Last sold for $1,140,000
Bevan RoseBevan Rose, last sold this property on 23 May 2025 after 1163 days on market.

Overview

Exceptional Cashflow Opportunity in Sun Valley!

Discover a prime investment gem at 1 to 5/96 Philip Street, Sun Valley, Queensland-an exclusive block of 5 units poised for impressive cash flow and growth! Spanning a generous 1,229 square metres, this property boasts 11 bedrooms and 5 modern bathrooms, making it an investor's paradise. Why Invest Here? Located in the bustling heart of Gladstone, this unique ensemble features 4 two-bedroom units and a spacious three-bedroom unit, all within walking distance of shops, schools, and the prestigious Gladstone Golf Club. With the construction market booming, the value of replicating this property is soaring. Acquiring these 5 units under one title eliminates excessive body corporate fees, simplifying your management and boosting your bottom line. Outstanding Returns! Investors can look forward to solid capital gains fueled by a blue-chip location and thriving market conditions. Current rental income stands at approximately $1,545 per week, translating to a fantastic 7.8% gross (approx) rental return! Potential market rent will be approx $1,650 to $1,700 per week from June 2025 Recent Upgrades: - New roofs on Units 1-4. - Light renovations in Units 1 & 2. Don't Miss Out! This strategically located investment not only promises immediate cash flow but also long-term appreciation. Take action now and unlock the potential of this income-generating asset in a rising market! Rent Overview: UNIT 1 - Currently Tenanted. Lease End 03.10.2025 @ $280 per week / from 09.02.2025 @ $320 per week. Last known Rental Increase 09.02.2024 @ $280 per week - PICTURED UNIT 2 - Currently Tenanted. Lease End 04.05.2026 @ $335 per week. Last known Rental Increase 26.04.2024 @ $300 per week - PICTURED UNIT 3 - Currently Tenanted. Lease End 30.04.2026 @ $335 per week. Last known Rental Increase 01.05.2024 UNIT 4 - Currently Tenanted. Lease End 11.06.2025 @ $320 per week. Last known Rental Increase 12.06.2024 UNIT 5 - Currently Tenanted. Lease End 30.06.2025 @ $1455.65 per month. Last known Rental Increase 01.06.2024 * Council Rates approx $14,000 per year excluding water * Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Features

11 bedrooms
5 bathrooms
5 carspaces
1229 m² lot size
Block of units

Estimated Value

We need at least 3 similar 11 bedroom block of units sold in Sun Valley over the last 12 months.

Property history for 96 Philip St

2025
Sold
$1,140,000
Private Sale/Treaty on 23 May 2025 by Bevan Rose, of Elders - Gladstone and Tannum Sands
2020
Sold
$425,000
Private Sale/Treaty on 07 Oct 2020 by Mark Spearing, of Elders - Gladstone and Tannum Sands

Happy sellers in Sun Valley

94%
94% of sellers in Sun Valley reported that their sale price either exceeded or met their price expectations.

Sun Valley stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Sun Valley over the last 12 months.

Local market activity for 11 bedroom block of units in Sun Valley

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Sun Valley

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Michael Byrnes

Michael Byrnes is an award winning recommended agent for Sun Valley.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   5   (382 reviews)
  •  3 Reviews in Sun Valley
  •  4 Sales in Sun Valley
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Jessica Bray

Sellers who recommend Jessica Bray have praised them for being clear communication

  •   4.9   (62 reviews)
  •  2 Reviews in Sun Valley
  •  3 Sales in Sun Valley
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Robert Russell

Sellers who recommend Robert Russell have praised them for being clear communication, local expert, hard-working, dedicated, great negotiation, responsive and reliable

  •   4.9   (184 reviews)
  •  1 Review in Sun Valley
  •  3 Sales in Sun Valley
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Stuart Grayer

Sellers who recommend Stuart Grayer have praised them for being local expert, clear communication, responsive, supportive, honest, stress-free process and friendly

  •   4.9   (333 reviews)
  •  1 Review in Sun Valley
  •  2 Sales in Sun Valley
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