4 Cleary StreetMillbank QLD 4670
Property Details for 4 Cleary St, Millbank
4 Cleary St, Millbank is a 6 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 840m2. While the property is not currently for sale or for rent, it was last sold in September 2019.
Last Listing description (September 2026)
Positioned in one of Bundaberg's most sought-after residential locations, this well-maintained triplex presents an outstanding opportunity for investors seeking immediate income, strong future upside and secure cash flow.
Ideally located between the Bundaberg CBD and Sugarland Shopping Centre, the property enjoys excellent access to schools, medical facilities, shopping and public transport.
Currently leased under a Corporate Head Lease to an established NDIS provider until 31 October 2026, the property provides reliable rental income with the potential for increased returns at the next lease review or a return to the open rental market.
Each of the three units offers:
2 Bedrooms
1 Bathroom
Lock-up Garage UMR
Open living design
Well-maintained interiors
One unit has been modified by the current tenant, with the garage temporarily converted into an additional living/media room featuring epoxy flooring and double glass sliding doors. The epoxy floor will remain, with the roller door expected to be reinstated at the completion of the current lease unless the purchaser wishes to retain the existing configuration.
Freshly painted and well presented throughout, this is a low-maintenance investment offering both immediate income and future flexibility.
Investment Highlights
Triplex comprising three 2-bedroom units
Land size: 840m
Built: 1974
Corporate Head Lease to NDIS Provider
Current rental income: $62,400 per annum
Approximate gross yield: 5.2%
Lease expires 31 October 2026
Rental review due 1st November 2026
Potential for increased rental return at lease renewal
Located between Bundaberg CBD and Sugarland Shopping Centre
Well maintained with recent internal painting
Strong long-term investment in a high-demand location
Why You'll Love It
Whether you're looking to expand your investment portfolio, purchase within your SMSF, or secure a quality multi-income property with future upside, this triplex offers an excellent combination of reliable income, location and flexibility.
Opportunities like this rarely become available.
Contact Cheryle Rayson for further information.
Disclaimer: While every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must satisfy themselves by inspection or otherwise. Although high standards have been used in preparing this document, no legal responsibility can be accepted for any loss or damage resulting from the content or use of this information. Any photographs show only certain parts of the property as they appeared when taken. Areas, amounts, measurements, distances, and all other numerical information are approximate only. Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take necessary action to satisfy themselves with any pertinent matters.
Property History for 4 Cleary St, Millbank, QLD 4670
- 31 Aug 2026Listed for Sale Offers Over 1,200,000
- 12 Sep 2019Sold for $460,000
- 02 Mar 2019Listed for Sale Offers Above $469,000
Recent sales nearby
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0About Millbank 4670
The size of Millbank is approximately 3.4 square kilometres. There are 4 parks, covering nearly 7.8% of the total area. The population of Millbank in 2016 was 2512 people. By 2021 the population was 2499 showing a population decline of 0.5% in the area during that time. The predominant age group in Millbank is 70-79 years. Households in Millbank are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millbank work in a professional occupation.In 2021, 60.10% of the homes in Millbank were owner-occupied compared with 55.70% in 2016.
Millbank has 1,227 properties. Over the last 5 years, Houses in Millbank have seen a 122.64% increase in median value, while Units have seen a 98.57% increase. As at 31 August 2026:
- The median value for Houses in Millbank is $670,175 while the median value for Units is $474,713.
- Houses have a median rent of $595 while Units have a median rent of $410.
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