FOR SALE
Offers Over $599,000

4/61 Tank Street
West Gladstone QLD 4680

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Floor area: 216m2
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Prime Investment Opportunity in West Gladstone – 3-Unit Block with 6.9% Gross Return!

Attention investors! Presenting a sterling opportunity at 4/61 West Gladstone, QLD, 4680 – a spacious block of units promising a robust return on investment. This property comprises three individual units, each held under one title for simplified ownership.
Nestled in a prime location, each unit within this solid investment features two well-proportioned bedrooms, one expansive bathroom, and a dedicated carport. The units are thoughtfully designed with internal stairs that lead from the inviting living areas on the first level up to the private bedrooms on the second level. The convenience of an integrated kitchen, living space, and laundry area provides tenants with a practical and comfortable living experience.
The bedrooms are a highlight, offering personal balconies for a breath of fresh air and a moment of tranquility, a rare find that adds immense value to the living experience. These unique touches make the units highly attractive to prospective tenants, ensuring a consistent demand and excellent rental yields.
With six bedrooms and three bathrooms across the block, the scale of this property ensures a significant income stream for the savvy investor.
Tenancy Information:
4a –
- Current Lease Agreement Dates - 28/3/24 – 2/6/25
- Weekly Rent amount - $270
- Date of last increase 2/6/24
4b –
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Property Details for 4/61 Tank St, West Gladstone

4/61 Tank St, West Gladstone is a 6 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 1985. The property has a floor size of 216m2. The place is currently for sale with Locations Estate Agents.

Building Type
Unit
Year Built
1985
Floor Size
216m2

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About West Gladstone 4680

The size of West Gladstone is approximately 7.1 square kilometres. It has 16 parks covering nearly 14.1% of total area. The population of West Gladstone in 2011 was 5,200 people. By 2016 the population was 4,730 showing a population decline of 9.0% in the area during that time. The predominant age group in West Gladstone is 50-59 years. Households in West Gladstone are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Gladstone work in a trades occupation. In 2011, 59.1% of the homes in West Gladstone were owner-occupied compared with 55.4% in 2016.

West Gladstone has 2,832 properties. Over the last 5 years, Houses in West Gladstone have seen a 117.96% increase in median value, while Units have seen a 126.15% increase. As at 31 October 2024:

  • The median value for Houses in West Gladstone is $413,926 while the median value for Units is $263,039.
  • Houses have a median rent of $420 while Units have a median rent of $320.
There are currently 48 properties listed for sale, and 9 properties listed for rent in West gladstone on OnTheHouse. According to CoreLogic's data, 228 properties were sold in the past 12 months in West gladstone.

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Reanna Graham
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