Impeccably positioned in the highly convenient suburb of Millbank and rarely offered, this is an exceptional opportunity to secure an entire triplex in Bundaberg close to the Base Hospital. Offering three established income streams, quality tenants and the potential for attractive ongoing cash flow, this is an investment opportunity that is not often seen in the local market.
Positioned on a corner block with an expansive 809m2 allotment, this well-maintained brick complex offers investors an appealing combination of quality construction and low-maintenance appeal. With no Body Corporate fees and a potential to generate approximately $70,200 per annum, the investment fundamentals speak for themselves.
UNIT 1:
- Bedrooms: 2
- Bathrooms: 1
- Car Accommodation: 1
- Air-conditioning: Yes (Living Room)
- Ceiling fans: Yes, both Bedrooms
- Built-In Cupboards: Yes
- Private Courtyard: Yes
- Security Screens: Yes
- Ramp Access: Yes
- Separate Toilet & Laundry
- Internal Paint & Flooring Upgraded
UNIT 2:
- Bedrooms: 2
- Bathrooms: 1
- Car Accommodation: 1
- Air-conditioning: Yes (Living Room)
- Ceiling fans: Yes
- Built-In Cupboards: Yes
- Security Screens: Yes
- Separate Toilet & Laundry
UNIT 3:
- Bedrooms: 2
- Bathrooms: 1
- Car Accommodation: 1
- Air-conditioning: Yes (Main Bedroom & Living Room)
- Ceiling fans: Yes, both Bedrooms
- Built-In Cupboards: Yes
- Separate Toilet & Laundry
- Private Courtyard: Yes
- Security Screens: Yes
- Internal Paint & Flooring Upgraded
LOW-MAINTENANCE FEATURES:
- Solid brick construction
- Automated irrigation servicing the majority of the established hedging
- Common-area mowing included under the current Unit 3 tenancy
- Individual private courtyards to Units 1 and 3
- Established tenants across all three residences
INCOME & YIELD UPSIDE:
OCCUPANCY:
- UNIT 1: Currently Tenanted at $390 per week until 11/08/2027
- UNIT 2: Currently Tenanted at $325 per week until 06/12/2026
- UNIT 3: Currently Tenanted at $330 per week until 13/08/2028
CURRENT RENTAL INCOME: $54,340 per annum
RENTAL APPRAISAL: $420 - $450 per week per unit
POTENTIAL RENTAL INCOME: $70,200 per annum
NO BODY CORPORATE FEES
RATES: Approximately $4,650 per annum including water.
DISTANCE TO FACILITIES (APPROX):
- Sugarland Shopping Centre: 1.6km
- Bundaberg Base Hospital: 2.3km
- Friendly's Private Hospital: 2.7 km
- Bundaberg CBD: 3.5 km
- Bundaberg Airport: 3.8km
Opportunities to secure an entire brick triplex in such a well-positioned location are few and far between. Whether you are looking to strengthen an existing portfolio or secure a quality multi-dwelling investment, this property warrants your inspection. To arrange your private viewing, contact Exclusive Listing Agents Kate Hutchinson on 0431 234 282 or Jonathon Olsen on 0409 534 533.
Disclaimer: LJ Hooker have been provided with the above information; however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.
