14 Water Street
Bundaberg South, QLD 4670

Overview

14 Water Street, Bundaberg SouthOffers above QLD 4670

This property presents a rare opportunity to acquire a block of brick units that have been brought to market for the first time since their construction. Designed with durability and minimal maintenance in mind, these units offer a reliable investment with a set-and-forget appeal.

Each unit features an integrated living and dining area equipped with ceiling fans, and some units include air-conditioning for added comfort. The private front courtyards provide an ideal space for alfresco dining and relaxation.

The kitchens are generously sized, benefiting from natural light and ample storage, and come fitted with upright electric stoves. The main bedrooms are spacious and include built-in robes and fans, while the second bedrooms also feature built-in robes and fans.

The bathrooms are well-appointed with corner showers, toilets, and vanities. Separate laundries include sinks, storage options, and rear access to clotheslines, enhancing convenience for residents.

Each unit has access to a shared driveway and a dedicated carport, ensuring secure parking. The internal brick construction maximizes durability and reduces maintenance requirements, making these units a practical choice for long-term investment.

Currently, all units are tenanted by long-term tenants who maintain the properties well. The current gross annual return is approximately $66,300, with rental appraisals suggesting potential income between $480 and $520 per week, which could increase the annual return to over $100,000.

With local vacancy rates remaining very low and property prices continuing to rise, this investment offers an excellent opportunity to secure a stable income stream and benefit from capital growth in a central location.

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