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$2,100,000
Positioned just minutes from Gladstone CBD, shopping centres, schools, medical facilities, and major employment hubs, this exceptional investment opportunity comprises 8 individually titled duplexes containing 16 fully furnished studio apartments, offering immediate income and future growth potential.
Recently refreshed with extensive painting and upgrades throughout, the complex presents in well-presented condition and continues to benefit from strong demand from corporate clients, contractors, support accommodation providers, and long-term tenants.
The current accommodation mix includes long-term tenancies, supported accommodation, and short-term accommodation with forward bookings already secured, providing investors with both immediate cash flow and flexibility to further optimise returns.
Current Rental Breakdown
Unit 1 - Forward bookings in place - approx. $490 per week
Unit 2 - Long-term tenancy - approx. $490 per week
Unit 3 - Long-term tenancy - approx. $460 per week
Unit 4 - Forward bookings in place - approx. $490 per week
Unit 5 - Supported accommodation tenancy - approx. $490 per week
Unit 6 - Long-term tenancy - approx. $450 per week
Unit 7 - Long-term tenancy - approx. $490 per week
Unit 8 - Long-term tenancy - approx. $490 per week
Unit 9 - Short-term accommodation - approx. $490 per week
Unit 10 - Long-term tenancy - approx. $490 per week
Unit 11 - Short-term accommodation - approx. $490 per week
Unit 12 - Long-term tenancy - approx. $450 per week
Unit 13 - Long-term tenancy - approx. $490 per week
Unit 14 - Long-term tenancy - approx. $490 per week
Unit 15 - Long-term tenancy - approx. $490 per week
Unit 16 - Long-term tenancy - approx. $400 per week
Several units are currently being transitioned from periodic arrangements to fixed-term leases, providing further income stability moving forward.
Features Include:
-8 individually titled duplexes comprising 16 self-contained studio apartments
-Each unit includes kitchenette facilities, fridge, microwave, and television
-Fully furnished with linen and kitchenware accommodating up to four occupants
-Air-conditioning throughout
-Private ensuite to every unit
-Allocated undercover parking for each apartment
-Recently painted and updated throughout
-Well maintained grounds
-Returning corporate and business clientele providing ongoing accommodation demand
-Mix of short-term accommodation and long-term tenancies
-Opportunity to convert additional units to fixed-term leases
-Solar power system assisting with reduced operating costs
-Onsite swimming pool and BBQ facilities for communal use
-Potential to enclose existing carports to create additional internal living space (STCA and Body Corporate approval)
-Body Corporate approximately $6,500 per duplex per annum
-Rates and water approximately $3,000 per duplex per annum
Additional Opportunity - Onsite Management Residence & Management Rights
Available by separate negotiation is the onsite management residence together with the management rights, creating an exceptional owner-operator or investment opportunity.
Current management responsibilities include:
-Management of duplex accommodation (where owners elect to participate)
-Management of cabin bookings and accommodation operations
-Oversight of existing caravan sites
-Future management of additional cabins as further sites are developed
The residence features:
-Dedicated office for onsite management
-Two bedrooms plus separate dining room with potential third bedroom conversion
-Large bathroom
-Spacious lounge room
-Well-appointed kitchen with adjoining dining area
-Covered outdoor entertaining area
-Separate self-contained studio flat complete with kitchenette, bathroom, television and air-conditioning
-Studio currently returning approximately $500 per week
The broader complex also offers future growth potential through the planned conversion of caravan sites into additional cabin accommodation, creating further opportunities to increase rental and management income.
This is a rare opportunity to secure a substantial Gladstone accommodation asset with diversified income streams, established clientele, and significant upside potential.
Contact Donnella Merrett today for a detailed Information Memorandum, financial information, and inspection arrangements.
35 Tank Street, Gladstone QLD 4680
Call Donnella Merrett on
0400799180
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