3-10/84 Toolooa Street South Gladstone, QLD 4680

Positioned in a well-established complex, this outstanding opportunity presents 8 individually titled duplexes (16 studio-style units) offering strong returns and flexible purchasing options. Whether you're looking to secure one duplex or acquire the entire complex, this is a rare and versatile investment opportunity.

Recently freshly painted and updated, with the grounds now in immaculate condition, the property is presented as a turnkey investment ready to generate immediate income. Currently operating as a mix of short-term accommodation and periodic leases, the complex also benefits from returning business clientele providing consistent demand for staff accommodation, further strengthening its income profile. There is flexibility to convert to full-time tenancies for stable long-term returns if desired.

Positioned along one of Gladstone's key connecting roads, this property enjoys a central and highly accessible location just minutes from the CBD.
Within walking distance to The Valley Shopping Centre and only a short drive to Stockland Gladstone Shopping Centre, the location offers excellent convenience for shopping, dining, and everyday essentials. Enjoy a scenic stroll to the marina or east shores precinct adding lifestyle appeal for both residents and guests.

This well-connected and highly convenient setting further enhances tenant demand and long-term investment appeal.

Each duplex comprises two self-contained studio apartments, designed for low-maintenance living and high tenant demand. Each unit is fully equipped with linen and kitchenware suitable for up to four occupants, making them ideal for short-term stays or corporate accommodation.

At a Glance:

• 8 individually titled duplexes - buy one or purchase the entire complex
• 16 studio-style units in total each with undercover parking
• Each unit includes kitchenette facilities, fridge, microwave and TV
• Fully furnished with linen and kitchenware
• Air-conditioned throughout for year-round comfort
• Private ensuite to each unit with shower, vanity, and toilet
• Recently painted and updated throughout
• Grounds presented in immaculate condition
• Rental returns ranging from $400 to $490 per week per unit ($800 to $980 per duplex)
• Returning business clientele for staff accommodation
• Currently short-term accommodation with no fixed leases
• Last known rental increase 2024
• Option to convert to full-time tenancies for consistent income
• Body Corporate approx. $1,500 per duplex per quarter
• Rates & water approx. $3,000 per duplex per year
• Onsite salt water pool with new pump and chlorinator
• BBQ facilities for communal use
• Solar power system servicing the complex to assist with reduced running costs
• Future potential to enclose car parking areas to increase internal space (STCA & Body Corporate approval)

An additional opportunity exists to purchase the onsite management residence with attached management rights, offering both lifestyle and additional income streams.

The onsite management currently oversees:

• Management of the duplexes
• Cabin bookings and accommodation operations
• Existing caravan sites, with plans to convert these into additional cabins, further increasing income potential

The residence features:

• Dedicated office for onsite management
• Two bedrooms plus separate dining area (potential third bedroom conversion)
• Large bathroom
• Spacious lounge and well-appointed kitchen with dining space
• Lovely outdoor entertaining area
• Separate studio flat complete with kitchenette, bathroom, TV, air-conditioning and court yard, currently renting a $590 approx. per week

This provides the ideal setup for an owner-operator or investor looking to maximise returns while living onsite or managing remotely from close by.

Contact Donnella for more information or to book your inspection.