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50-52
Alamein Street
SVENSSON HEIGHTS
NUMBERS DON'T LIE - POTENTIAL 8% GROSS YIELD
Beaut brick complex located in Svensson Heights, Bundaberg.
Bundaberg is currently sitting at less than 1% vacancy rate, driving rental prices up and creating exceptional yields for those looking to invest.
Situated in an established residential area, only minutes from the Bundaberg CBD, this complex is near to public transport, hospitals, schools, sporting grounds and much more - making it a popular and convenient residential location for Bundaberg.
On offer are 6 sturdy brick units separated into 2 triplexes upon a 1,640m2 block, all under 1 title.
A variety of updates have been made throughout the complex, including the smoke alarm compliancy upgrade (2022 legislation) being completed throughout.
Several of the units boast new flooring and kitchens, and re-painted ceilings.
All units feature 2 bedrooms, 1 bathroom, with an attached lock-up garage with internal access, along with partially closed in front patios.
Fully occupied complex with consistent occupancy history. All residences are in 12 month lease's, 3 of which continuing into 2022.
Potential for future subdivision and on-sale (STCA).
Bundaberg is one of QLD's tightest rental markets with roughly a 0.4% residential vacancy rate.
Estimated Net Income: $72,540 p.a
Estimated Insurance: $1,400 p.a
Estimated Rates: $12,000 p.a
Viewings are by appointment only.
For a more in-depth look of this high return investment, explore the complex using the Virtual Tour, or email to request additional photos.
Call, text or email Ainsley Driver and Zak Wright for more information, or to book your private viewing!
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Listing ID:
12009705
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KEY INFORMATION
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Property Type:
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Retail, Other
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Area
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Suite/Unit:
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Total m2:
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1 sqm approx
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Land Area:
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1,640 sqm approx
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Price:
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Offers Over $899,000
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