42 Boundary Street, Bundaberg South
A HIGH-YIELD INVESTMENT WITH THREE INCOME STREAMS
Description
Investors seeking strong rental returns should take a closer look at this substantial Queenslander at 42 Boundary Street, Bundaberg South. Configured into three self-contained flats, the property currently generates a combined rental income of $1,090 per week, representing a gross rental yield of approximately 8.1% at $699,000.
The upstairs accommodation comprises two two-bedroom flats, each with functional living areas, generous kitchen and dining spaces, and a bathroom. One also enjoys a small balcony. Downstairs, a one-bedroom flat features an updated bathroom, access to laundry facilities and a rear yard. Undercover parking beneath the property provides a space for each flat, with additional off-street parking available at the front. With all three flats currently tenanted through to mid-2027, an incoming owner can benefit from established rental income without the immediate need to find tenants. The property's configuration also provides three separate rental income streams without body corporate fees, offering an alternative to investing in multiple individual units.
While the property already delivers a strong rental return, there is scope for cosmetic improvements to enhance its presentation and potentially strengthen future returns.
Conveniently located close to local shops, schools, public transport and recreational facilities, this is an opportunity to secure an established income-producing property with further potential.
Offers Over $699,000
To ensure a worthwhile inspection for all parties, private viewings will be arranged following an initial discussion with genuinely interested buyers.
Disclaimer
All information provided has been obtained from sources believed to be reliable. However, prospective buyers should make their own enquiries to verify the accuracy of all information contained in this advertisement. Rental figures, yields and other financial information are provided as a guide only and are subject to change. No warranty or representation is made as to the accuracy or completeness of the information provided.
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