This well-maintained unit complex presents an outstanding opportunity for the savvy investor to secure all four residences on a single title-eliminating the need for Body Corporate fees. The property is now surplus to requirements of the current owner and is ready for its next chapter.
Centrally located in West Gladstone, the property is positioned within approximately 3km of key amenities including the Gladstone Hospital, Night Owl Shopping Centre, East Shores precinct and Marina Parklands, CQUniversity campus, and both primary and secondary schools.
Set on an 837m² allotment, the complex comprises:
• Three x 2-bedroom units
• One x 1-bedroom unit
• Communal laundry
• Four carports under one roof
Constructed from solid, low-maintenance Besser block, each residence features open-plan living, generous bedrooms, and durable floor tiling throughout. The property is designed for ease of upkeep, both inside and out, with minimal yard maintenance required.
While well-maintained and structurally solid, the complex would benefit from some cosmetic improvements and general TLC-presenting a great opportunity to add value and enhance rental returns.
Key Features:
• Four units on one title
• No Body Corp fees
• Head Lease by Anglicare.
• Current Annual return $56,000
• From 1st July 2025 $62,000 per annum
• Landlord and Building Insurance $3171 per annum
• Rates and water $10,516 per annum
• Solid Besser block construction
• Low maintenance 837m² site
• Open plan living with tiled flooring throughout
• Close to hospitals, shops, schools, university, and marina
• Strong rental potential with scope for value-adding through refurbishment
• Opportunity to Strata Title
Whether you're looking to kickstart your investment journey or expand your existing portfolio, this complex offers reliable returns and long-term potential
For viewing please contact the agent
Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.
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