4 Herbert StreetBowen QLD 4805
Property Details for 4 Herbert St, Bowen
4 Herbert St, Bowen is a 8 bedroom, 8 bathroom Unit with 4 parking spaces and was built in 1920. The property has a land size of 2626m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (October 2024)
Solid four apartment complex that is enjoying an excellent return on investment across 4 x two bedroom, 2 bathroom apartments. These quality apartments feature two large bedrooms PLUS an additional office space which could quite easily be used as a third bedroom if required. Currently all 4 units are rented and returning $2235 per week ($116,220pa) across all 4 tenanted properties with a number of long term corporate tenants in place. Rental increases are scheduled in the coming months as leases are renewed. Rented on a fully furnished basis, these properties are sold with all furniture included. Located in the heart of the CBD on an level parcel of land this location is very popular with tenants as they can walk to everything they need and enjoy an easy walk to the beach as well. The building is solid masonry block on the lower and upper levels, quality of construction is evident in this complex. High end fit out includes stone bench tops and two pak cabinetry along with quality floor tiles, window treatments and bathroom fixtures. Built as one building, strata title has been put in place so you can keep all four and reap the investment reward or you can sell individual units if you wish. This property will be a great addition to your investment portfolio. A concrete driveway services the undercover parking area situated at the rear of the block that caters for all four units. A very well maintained garden is in front of all the units with a full irrigation system and this offers privacy from the road as well a lovely outlook from each units from either their lower and upper patio areas.
Each of the units has also been strata titled, if you decide you would like to sell the complex separately in the future all the approvals and registrations are in place. Rates are approx. $1600 per unit per six monthly period per unit.
Work your numbers on this property at the great value price, you will see the return on investment is fantastic. Don't miss this chance to capitalise on Bowen's substantial rental demand.
Property History for 4 Herbert St, Bowen, QLD 4805
- 14 Jun 2024Listed for Sale $1,675,000
- 23 May 2023Sold for $450,000
- 19 May 2023Listed for Sale $450,000
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0About 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 6,630 properties. Over the last 5 years, Houses in Bowen have seen a 78.11% increase in median value, while Units have seen a 79.47% increase. As at 31 October 2024:
- The median value for Houses in Bowen is $421,889 while the median value for Units is $346,559.
- Houses have a median rent of $550 while Units have a median rent of $420.
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