61 Tank Street WWest Gladstone QLD 4680
Property Details for 61 Tank St W, West Gladstone
61 Tank St W, West Gladstone is a 6 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in September 1991.
Last Listing description (February 2025)
Attention investors! Presenting a sterling opportunity at 4/61 West Gladstone, QLD, 4680 a spacious block of units promising a robust return on investment. This property comprises three individual units, each held under one title for simplified ownership.
Nestled in a prime location, each unit within this solid investment features two well-proportioned bedrooms, one expansive bathroom, and a dedicated carport. The units are thoughtfully designed with internal stairs that lead from the inviting living areas on the first level up to the private bedrooms on the second level. The convenience of an integrated kitchen, living space, and laundry area provides tenants with a practical and comfortable living experience.
The bedrooms are a highlight, offering personal balconies for a breath of fresh air and a moment of tranquility, a rare find that adds immense value to the living experience. These unique touches make the units highly attractive to prospective tenants, ensuring a consistent demand and excellent rental yields.
With six bedrooms and three bathrooms across the block, the scale of this property ensures a significant income stream for the savvy investor.
Tenancy Information:
4a
- Current Lease Agreement Dates - 28/3/24 2/6/25
- Weekly Rent amount - $270
- Date of last increase 2/6/24
4b
- Current Lease Agreement Dates 1/11/24 30/4/25
- Weekly Rent amount - $280
- Date of last increase 13/8/24
4c-
- Current Lease Agreement Dates 5/3/24 5/3/25
- Weekly Rent amount - $255
- Date of last increase 5/3/24
Rental Appraisals
Each Unit - $330 - $350 per week
This potential creates a gross return of over 9%!
Important Information:
- Year Built 1985
- Council Rates - $5,600 approx per annum
- Body Corporate Levies - $8,860 per annum
This is a unique chance to secure a multi-unit property in a thriving area. Capitalise on the growth of West Gladstone and expand your portfolio with this exceptional offering that is sure to be a cornerstone investment for years to come.
Contact Reanna Graham today to arrange a viewing, please note a minimum of 24 hours notice required.
* Past images have been used to protect tenants' privacy.
* Images have been edited to remove tenants' belongings to further protect their privacy.
**Please note the information in this advertisement comes from sources we believe to be accurate, but accuracy is not guaranteed. Interested parties should make and rely on their own independent enquiries and due diligence in relation to the property**
Property History for 61 Tank St W, West Gladstone, QLD 4680
- 06 Nov 2024Listed for Sale Offers Above $580,000
- 30 Sep 1991Sold for $155,000
- 29 Jan 1990Sold for $120,000
Recent sales nearby
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About West Gladstone 4680
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 2,848 properties. Over the last 5 years, Houses in West Gladstone have seen a 94.37% increase in median value, while Units have seen a 146.37% increase. As at 31 March 2026:
- The median value for Houses in West Gladstone is $492,339 while the median value for Units is $379,791.
- Houses have a median rent of $493 while Units have a median rent of $400.
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