FOR SALE
For Sale: $695,000 inclusive of GST

George Street
Bundaberg Central QLD 4670

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1538m2
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DA Approved Rooming Accommodation

• Land Area: 1,538m²*
• Approved for Rooming Accommodation with 33 units over 2 levels including manager's studio
• Opportunity to capitalise on significant undersupply of rental accommodation in the Bundaberg region
• New Bundaberg hospital due for commencement in 2024
• Estimated potential gross annual rent with 100% occupancy, once constructed is $623,220* per annum providing potential gross annual return of 11%
• Designated Medium Density Residential Zone allowing a range of potential other options
• Several communal areas, both indoor and outdoor, including shared laundry, communal kitchen, dining, office areas and rooftop terrace
• Single, double and accessible studios
• Ground level undercover parking for 29 cars, 8 motorcycles and ample bicycle/scooter spaces
• Positioned in close proximity to the CBD, Hinkler Shopping Centre, Hospitals, TAFE and local schools
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Property Details for George Street, Bundaberg Central

Building Type
Commercial
Land Size
1538m2

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About Bundaberg Central 4670

The size of Bundaberg Central is approximately 1.3 square kilometres. It has 6 parks covering nearly 4.4% of total area. The population of Bundaberg Central in 2011 was 225 people. By 2016 the population was 316 showing a population growth of 40.4% in the area during that time. The predominant age group in Bundaberg Central is 20-29 years. Households in Bundaberg Central are primarily childless couples and are likely to be repaying $1600 - $1800 per month on mortgage repayments. In general, people in Bundaberg Central work in a labourer occupation. In 2011, 46% of the homes in Bundaberg Central were owner-occupied compared with 30% in 2016..

Bundaberg Central has 492 properties.

    There are currently 6 properties listed for sale, and 1 property listed for rent in Bundaberg central on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Bundaberg central.

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    Mark Creevey
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    Christopher Czernik-Wojcicki
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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.