3/30 Short Street

South Gladstone QLD 4680

Adding to the appeal, most units have been freshly painted and fitted with new carpets, providing a clean and contemporary feel that tenants will love. Each unit is equipped with its own laundry area for added convenience and a well-appointed bathroom that includes a shower, vanity, and toilet.

Four of the units come with designated open car parking, adding practicality and ease for residents.

This complex also boasts ocean glimpses that enhance its appeal, offering a sense of tranquillity and a reminder of its desirable location near the coast.

Situated within walking distance of main amenities, including doctor clinics, schools, and essential services, this property stands out for its accessibility and convenience. The complex's proximity to these services adds significant value and ensures a strong rental appeal.

What sets this property apart is the opportunity for further development and enhancement. There is room to add a yard to each unit and install undercover parking, which would not only increase the rental return but also boost the long-term return on investment. This potential for growth makes the property a standout choice for investors looking to maximize value.

Whether you're interested in purchasing an individual unit or acquiring the entire complex, 1 to 5 / 30 Short St, South Gladstone, offers unparalleled flexibility and investment potential.

At a glance:
-Low set complex of five units all two bedrooms , built in 1967 set on approximately 1000m2 block.
-Each unit is individually titled.
-Council rates per annum $3000 approximately per unit.
-Low body corporate fees and insurance levies $1600 approximately per annum.
-Plus the chance to co-ordinate your own cost effective strata
-Individually metered for electricity and shared water costs.

Each unit consists of:
-Two spacious carpeted bedrooms with air-conditioning.
-Air-conditioned tiled open plan living, dining and kitchen area.
-The kitchen offering dishwasher, electric oven and cooktop, microwave nook and plenty of cupboard space.
-Separate laundry space located near the bathroom that is completed with shower, vanity and toilet.
-Four units have designated open carparking spaces, with room to add undercover parking to improve the return on investment.
-Potential to create a fenced area for each unit to provide a functional and private yard space or even build another level above to capture the harbour views. (STCA)

Rental information:

Unit One:
-Currently tenanted until 24th January 2025 at $280 per week.
-Last known rental increase was 9th September 2023.
-Estimate rental appraisal is $330 to $350 per week.

Unit Two:
-Currently vacant.
-Last known rental increase was 26th January 2024.
-Estimate rental appraisal is $330 to $350 per week.

Unit Three:
-Currently tenanted until 31st March 2025 at $1300 per month.
-Last known rental increase was 1st April 2024.
-Estimate rental appraisal is $330 to $350 per week.

Unit Four:
-Currently vacant.
-Last known rental increase was 2nd January 2024.
-Estimate rental appraisal is $330 to $350 per week.

Unit Five:
-Currently tenanted until 11th July 2025 at $315 per week
-Last known rental increase was 13th July 2024.
-Estimate rental appraisal is $330 to $350 per week.

Don't miss out on this rare opportunity for a high-potential investment in South Gladstone.

Contact Donnella for more information or to arrange a viewing.