34-40 Navelina CourtDundowran QLD 4655
Property Details for 34-40 Navelina Ct, Dundowran
Last Listing description (November 2023)
Exceptional opportunity to secure a high yielding storage facility which is well established within the booming Hervey Bay region.
The asset features a strong current net income of $701,000. It offers significant room for growth via further development and a modest increase in rental rates.
The current owner runs the property remotely with the assistance of part time caretakers and an automated online software package and a remote surveillance camera system.
Property highlights:
~ Purchase 3 freehold properties of 13,571sqm and assign a long leasehold of 4,002sqm
~ Structures on the sites include 295 secured self-storage units, 51 undercover sites and 71 outdoor sites
~ Passive investment with the business returning $701,570* net per annum
~ Further development opportunity to build 152 additional units
~ Increase income via a modest rental rate rise and increase the occupancy
~ Strong trading history and low overheads
~ On-site office and caretakers accommodation
~ Strong growth region of Queensland, 250km north of Brisbane on the Fraser Coast
If you would like further details, please contact the exclusive marketing agent Matt Marenko on 0409 355 123 or Louisa Blennerhassett on 0447 904 552.
*Approx.
**Image outlines indicative only
Property History for 34-40 Navelina Ct, Dundowran, QLD 4655
- 11 Sep 2023Listed for Sale 7% yield
- 26 Feb 2019Listed for Sale Price Upon Application
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About Dundowran 4655
The size of Dundowran is approximately 12.2 square kilometres. The population of Dundowran in 2011 was 968 people. By 2016 the population was 908 showing a population decline of 6.2% in the area during that time. The predominant age group in Dundowran is 60-69 years. Households in Dundowran are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dundowran work in a clerical occupation. In 2011, 77.9% of the homes in Dundowran were owner-occupied compared with 81.3% in 2016.
Dundowran has 619 properties. Over the last 5 years, Houses in Dundowran have seen a 86.66% increase in median value, while Units have seen a 123.07% increase. As at 31 October 2024:
- The median value for Houses in Dundowran is $842,831 while the median value for Units is $637,769.
- Houses have a median rent of $590.
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