3-10/84 Toolooa Street
South Gladstone, QLD 4680

Overview

INVESTMENT OPPORTUNITY, SOLAR-POWERED EFFICIENCY, ONSITE POOL - BUY ONE DUPLEX OR ALL!

Situated within a well-established complex, this exceptional investment opportunity features eight individually titled duplexes, comprising a total of sixteen studio-style units. This offering provides flexible purchasing options, allowing buyers to acquire a single duplex or the entire complex, making it a rare and versatile investment prospect.

The property has been recently refreshed with new paint and updates, and the grounds are maintained in immaculate condition. It is presented as a turnkey investment, ready to generate immediate income. The complex currently operates with a mix of short-term accommodation and periodic leases, benefiting from a steady stream of business clientele who require staff accommodation, thereby enhancing its income potential. There is also the option to convert the units to full-time tenancies for more stable, long-term returns.

Located along one of Gladstone's main connecting roads, the property enjoys a central and highly accessible position just minutes from the central business district. It is within walking distance to The Valley Shopping Centre and a short drive to Stockland Gladstone Shopping Centre, offering excellent convenience for shopping, dining, and daily necessities. Residents and guests can also enjoy a scenic walk to the marina or the East Shores precinct, adding to the lifestyle appeal.

This well-connected and convenient location further supports tenant demand and enhances the long-term investment appeal.

Each duplex consists of two self-contained studio apartments designed for low-maintenance living and high tenant demand. Each unit is fully equipped with linen and kitchenware suitable for up to four occupants, making them ideal for short-term stays or corporate accommodation.

Key features include:

• Eight individually titled duplexes available for purchase individually or as a whole complex
• Sixteen studio-style units in total, each with undercover parking
• Each unit includes kitchenette facilities, fridge, microwave, and television
• Fully furnished with linen and kitchenware
• Air conditioning throughout for year-round comfort
• Private ensuite bathrooms in each unit, featuring shower, vanity, and toilet
• Recent painting and updates throughout the complex
• Immaculately presented grounds
• Rental returns range from $400 to $490 per week per unit, equating to $800 to $980 per duplex
• Consistent demand from returning business clientele for staff accommodation
• Currently operated as short-term accommodation with no fixed leases
• Last known rental increase occurred in 2024
• Option to convert to full-time tenancies for consistent income
• Body Corporate fees approximately $1,500 per duplex per quarter
• Rates and water costs approximately $3,000 per duplex per year
• Onsite saltwater pool equipped with a new pump and chlorinator
• Communal BBQ facilities available for residents and guests
• Solar power system servicing the complex to help reduce running costs
• Potential future development to enclose car parking areas to increase internal space, subject to council and Body Corporate approval

Additionally, there is an opportunity to purchase the onsite management residence, which comes with attached management rights, offering both lifestyle benefits and additional income streams.

The onsite management currently oversees the operation of the duplexes, cabin bookings, and accommodation services. There are existing caravan sites with plans to convert these into additional cabins, further increasing income potential.

The management residence features a dedicated office, two bedrooms plus a separate dining area with potential for a third bedroom conversion, a large bathroom, a spacious lounge, and a well-appointed kitchen with dining space. There is also a lovely outdoor entertaining area.

Attached to the residence is a separate studio flat complete with kitchenette, bathroom, television, air conditioning, and a courtyard, currently rented for approximately $590 per week.

This setup is ideal for an owner-operator or investor seeking to maximize returns while living onsite or managing remotely from nearby.

Location