77 Kent Street
Rockhampton City, QLD 4700

Located in the heart of inner-city Rockhampton, this well-positioned commercial complex offers a high-yield investment opportunity. The property is conveniently close to shops, public transport, clubs, and pubs, making it an attractive location for tenants.

The complex comprises a total of 14 units, including 7 one-bedroom units, 6 two-bedroom units, and a fully self-contained two-bedroom unit. The latter is ideally suited for use as a manager or caretaker's residence.

Communal bathroom and laundry facilities are available, catering effectively to short-term accommodation and workforce housing demands. The property is currently operated as short-term accommodation, attracting workers and transient tenants, and generating strong annual returns of approximately $214,000.

The building has undergone significant renovations, with essential works completed. Remaining cosmetic works provide an opportunity for the new owner to enhance the property's presentation and potentially increase returns. Importantly, the ongoing renovation has not affected the property's strong income performance.

Given the ongoing demand in Rockhampton for affordable short-term accommodation, this complex is also well suited for conversion into a backpackers hostel, presenting an opportunity to maximize occupancy and income.