FOR SALE
$1,035,000 - entire unit block

15 Williams Street
Bowen QLD 4805

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Floor area: 320m2
Land area: 1012m2
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SOLID BUILD, SOLID INVESTMENT

Boost the productivity of your investment portfolio by strapping this rental 'rocket' to it and enjoy the solid returns of the current Whitsundays market. Offered for sale in-line on a single title, this set of four units is fully occupied on fixed term leases that do not expire until well into 2025, returning a total annual rent of approximately $78,000.
The single storey concrete block building was solidly constructed circa 1990s, with a Colorbond steel roof. Each air-conditioned unit features two good sized bedrooms with built-in robes, single bathroom with internal laundry facilities, spacious tiled open plan living/dining areas and well-equipped kitchens with plenty of bench space and storage. Private fenced courtyards and lockable store rooms are added bonuses for each unit.
All units have been attentively maintained and updated, including the following:
• All air conditioners still within 5 year warranty period
• All cooktops recently updated
• Units 1 and 4 renovated 3.5 years ago
• Unit 2 new bathroom and flooring 2 years ago
• Unit 4 new carpets 1 year ago
• Entire building exterior re-painted 1.5 years ago
Each unit has a single covered carport. Tenants enjoy being within comfortable walking distance of the main CBD of Bowen including post office, supermarket, dining options and pubs, as well as the harbour foreshore/beach.
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Property Details for 15 Williams St, Bowen

15 Williams St, Bowen is a 8 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 1012m2 and floor size of 320m2. The place is currently for sale with Professionals - Bowen.

Building Type
House
Floor Size
320m2
Land Size
1012m2

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About Bowen 4805

The size of Bowen is approximately 1,650.5 square kilometres. It has 27 parks covering nearly 4.2% of total area. The population of Bowen in 2011 was 10,260 people. By 2016 the population was 10,376 showing a population growth of 1.1% in the area during that time. The predominant age group in Bowen is 50-59 years. Households in Bowen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bowen work in a labourer occupation. In 2011, 59.1% of the homes in Bowen were owner-occupied compared with 56% in 2016.

Bowen has 6,626 properties. Over the last 5 years, Houses in Bowen have seen a 57.20% increase in median value, while Units have seen a 80.70% increase. As at 30 November 2024:

  • The median value for Houses in Bowen is $411,640 while the median value for Units is $338,527.
  • Houses have a median rent of $560 while Units have a median rent of $400.
There are currently 140 properties listed for sale, and 22 properties listed for rent in Bowen on OnTheHouse. According to CoreLogic's data, 382 properties were sold in the past 12 months in Bowen.

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Nicholas Sellars
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Brian Sellars
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Professionals - Bowen
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