3/18 Geraldine St, West Gladstone is a 6 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 840m2.
Strategically located close to the city centre and major hospitals, this well-maintained block of three 2-bedroom units on a single title offers a rare opportunity for savvy investors or developers. Gladstone's economy and infrastructure is experiencing sustained growth, with new industries and employment opportunities emerging.
Key Features:
All units feature 2 bedrooms with built-in robes and ceiling fans, good size kitchen & separate bathroom and laundry
Financial Snapshot:
Current Rent: $46,280 per annum
Projected Rent: $55,000 $58,000 p.a. with minor improvements
Outgoings:
- Council rates & water: $7,000 p.a. (total)
- Landlord Insurance: $4,038 p.a., covering:
- Building: $1,200,000
- Loss of Rent: $180,000
- Public Liability: $20,000,000
Why This Property?
Secure income stream with scope to boost returns
Landbank or redevelop (STCA) in a growth corridor
Ideal for SMSF investors, yield-focused buyers, or developers seeking solid fundamentals
Returns, development potential, and value uplift, opportunities like this are rarely offered and quickly snapped up. Inspect and invest with confidence.
The size of West Gladstone is approximately 7.1 square kilometres. It has 16 parks covering nearly 14.1% of total area. The population of West Gladstone in 2016 was 4728 people. By 2021 the population was 4844 showing a population growth of 2.4% in the area during that time. The predominant age group in West Gladstone is 50-59 years. Households in West Gladstone are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Gladstone work in a trades occupation.In 2021, 53.10% of the homes in West Gladstone were owner-occupied compared with 55.40% in 2016.
West Gladstone has 2,860 properties. Over the last 5 years, Houses in West Gladstone have seen a 115.59% increase in median value, while Units have seen a 140.53% increase. As at 30 November 2025:
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