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.
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