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Property description
Tidy unit complex in the heart of Bundamba, walking distance to the shops, transport, schools and Tafe.The complex includes four in total, one bedroom units all with one bathroom, open plan kitchen/living area, study nook, small patio area and under cover parking for one vehicle. Grassed communal area at rear of premises.
All units are currently tenanted, correct as of 1st September 2025.
The property is on one title, however is has been previously under body corporate with each unit with its own title, a future option.
Last rent increase approximately October 2024
Unit 1 – $320 per week rent – Lease until 30/10/2025
Unit 2 – $320 per week rent – Periodic Lease
Unit 3 – $320 per week rent – Lease until 28/10/2025
Unit 4 – $320 per week rent – Periodic Lease
The below calculations are approximate and are based on the “current rent” excluding expenses
Gross rent $1,280 per week
Gross rent $66,560 per annum
Gross rental yield 5.5%
A rent increase to $350 per week/$1,400 would increase the gross rental yield 6%
A fantastic long term investment opportunity to purchase four easy rent units.
***The tenants require a minimum of 48 HOURS NOTICE prior to an inspection, please allow at least 3 days before you can inspect the property, thank you***