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Overview
This well-established multi-tenanted residence represents a prime investment opportunity in the heart of Nambour. Located on a generous 597 square metre lot, the property comprises five separate tenancies within a rooming accommodation setup, delivering consistent rental returns estimated at approximately $100,000 per year. The monthly rental yield is reinforced by stable, reliable tenants, underlining the building’s appeal to investors seeking an income-generating asset with low vacancy risk.
Despite its investment focus, the property offers a strategic location advantage, situated within easy walking distance to the Central Business District, making it attractive for professionals or long-term renters. Off-street parking for up to four cars adds considerable convenience and is a notable feature within this precinct. Each tenancy benefits from exclusive private courtyards, enhancing privacy and lifestyle for residents without the complications of body corporate fees, which do not apply here.
Additional financial considerations include manageable annual rates and water charges, with council rates around $1,200 and water costs approximately $3,200, facilitating clear budgeting for investors. The configuration and layout of the property are conducive to diversified tenancy types and flexible management strategies, making it suitable primarily for astute investors attracted by consistent cash flow and a location poised for tenant demand.
Local Market Insights
In Nambour, Quiet Listings observed 36 new houses entering the market over the last 30 days, down from 43 during the previous 30-day period, with an average advertised asking price of $1,176,694. The property type mix of listed properties is predominantly Houses at 77%, followed by townhouses (8%), and units (4%). The most active agency for houses in the Nambour area is currently Remax, representing 42% of new listings, followed by Ray White with 28%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Nambour QLD 4560
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