Discover an exceptional investment opportunity on an impressive 1,366m2 allotment with this impressive low-set, five-unit property located in the sought-after area of West Gladstone.
Fully tenanted and offering consistent rental income, this property is ideal for savvy investors and developers looking to expand their portfolio.
Generating a weekly return of $1,575 and annual gross returns of $81,900 this solid income producing asset offers an exciting opportunity to landbank and continue renting the building with no strata costs!
Comprising of 4x two-bedroom units & 1x one-bedroom unit with options to redevelop the site in the future this opportunity won't last long! A single lockup garage and 4 additional carports offer generous parking options.
Key Property Features:
- No Body Corporate costs!
- 1366m2 allotment
- $1575 weekly income and $81,900 annual gross return
- 4x two-bedroom, 1 bath, 1 car units and 1x one-bedroom, 1 bathroom, 1 car unit
- A total of 9 bedrooms across 5 units
- 5 well-appointed bathrooms
- A single lockup garage and 4 additional carports
Interior Highlights:
- Open-Plan Living: The building design features spacious, open plan living and dining areas.
- Durable Flooring: Tiled flooring throughout enhances both the aesthetic appeal and durability of the living spaces.
- Well-Equipped Kitchens: Each unit boasts a functional kitchen with ample counter space.
Outdoor Features:
- Lush Landscaping: A beautifully maintained lawn and garden create a tranquil outdoor space for relaxation or recreation.
Location:
Perfectly located just walking distance to Gladstone State High School, local shops & cafes and parks. Short drive to Gladstone Hospital and easy access into Gladstone CBD making these units perfect for working professionals.
Don't miss out on this rare full block so close to town!!
Contact us today to arrange your private viewing or request further information.
Disclaimer:
In preparing this information, Madloch Property has relied in good faith upon information provided by others and has made all reasonable efforts to ensure that the information is correct. The accuracy of the information provided to you (whether written or verbal) cannot be guaranteed. If you are considering this property, you must make all enquiries necessary to satisfy yourself that all information is accurate.
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