28 South Street

Rockhampton City QLD 4700

This unique investment opportunity offers three one-bedroom units under the one roof, delivering flexibility and strong rental appeal.Positioned on a 341m block, the property has been cleverly converted into three self-contained residences, each complete with its own bedroom, kitchen and bathroom.Two of the three units have been recently updated, featuring sleek new kitchenettes and bathrooms with fresh bench-tops, modern vanities and rainfall shower-heads. The third unit offers a larger kitchen with freestanding cooker and dishwasher, along with a separate toilet and a handy walk-in storage cupboard.All units are well appointed with timber flooring, air conditioning, ceiling fans, built-in wardrobes and security screens, ensuring comfort and low-maintenance living.Currently returning:Unit 1: $330 per week - Rental End Date - 24/9/2026 - Last Rental Increase - 27/9/2024Unit 2: $310 per week - Rental End Date - 23/9/2026 - Last Rental Increase - 25/9/2025Unit 3: $310 per week - Rental End Date - 19/10/2026 - Last Rental Increase - 21/10/2025Providing a combined rental income of $950 per week.Located at 28 South Street, Rockhampton City, the property is fully fenced and includes undercover parking for two vehicles, a shared laundry, backyard space and an additional storage shed. Conveniently positioned close to the Riverside Precinct, boat ramp and Rockhampton CBD, while still enjoying a quiet setting.This property presents a versatile and high-demand investment opportunity.Property Features:Three x 1-bedroom units on one titleRental income of $950 per weekTimber floorboards throughoutRecently updated kitchens and bathroomsAir conditioning and ceiling fans341m fully fenced blockTwo undercover car spaces plus additional parkingShared laundry and storage shedSecurity screens throughoutClose to Riverside Precinct and CBDQuiet, convenient location