96 Philip Street, Sun Valley, Qld 4680

Welcome to a sterling investment opportunity at 1 to 5/96 Philip Street, Sun Valley, Queensland, an exclusive block of units that promises substantial returns and growth. This expansive property, covering a vast 1,229 square metres, is an investor's dream, hosting 11 bedrooms across 5 units, and equipped with 5 modern bathrooms.

Nestled within the thriving heart of Gladstone, this collection of homes is ideal for those looking to expand their portfolio in a location that's second to none. The ensemble includes 4 units with 2 bedrooms each, alongside a larger 3-bedroom unit, all within walking distance to a plethora of amenities – from bustling shops and reputable schools to the esteemed Gladstone golf club.

At a time when the construction market is soaring, the cost of replicating such a significant building is not to be underestimated. This makes the current offering – a full block of 5 rentable units – an even more valuable acquisition. Notably, these units come under one title, thus eliminating any excessive body corporate fees and simplifying management.

Investors can anticipate robust capital gains, courtesy of the blue-chip location and buoyant market conditions. Additionally, the rental overview is compelling, with units 3 to 5 currently tenanted and units 1 and 2 ready to contribute to a healthy cashflow following recent rental increases.

With such strategic positioning and built-in income potential, 1 to 5/96 Philip Street stands as a premier investment with both immediate returns and long-term appreciation prospects. Unlock the door to this significant, income-generating asset and ensure your position in a market that continues to climb

- Units 1- 4 have just had a new roof installed. 
- Units 1 & 2 have had some light renovations recently carried out
- Total Current Gross Rent : $1,535 per week(approx) , making it a 6.38% GR return.*
- Total (Potential) Market Rent : $1,600 to $1,650 per week (approx) *


Rent Overview:
UNIT 1 - Currently Vacant. Advertised For Rent.  Last known Rental Increase 09.02.2024 @ $280 per week - PICTURED
UNIT 2 - Currently Vacant. Last known Rental Increase 26.04.2024 @ $300 per week - PICTURED
UNIT 3 - Currently Tenanted. Lease End 30.10.2024 @ $300 per week. Last known Rental Increase 01.05.2024
UNIT 4 - Currently Tenanted. Lease End 11.06.2025 @ $320 per week. Last known Rental Increase 12.06.2024
UNIT 5 - Currently Tenanted. Lease End 30.06.2025 @ $1455.65 per month. Last known Rental Increase 01.06.2024

* Council Rates approx $14,000 per year excluding water
* Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.