4 Stringer StreetMillbank QLD 4670
Property Details for 4 Stringer St, Millbank
4 Stringer St, Millbank is a 2 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1970. The property has a land size of 1500m2 and floor size of 72m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (September 2018)
What a unique opportunity to purchase a Blue Chip complex of 3 units all to be sold in one line . This is the first time the property has come onto the market and it most certainly has been worth the wait. Located on a 1500m2 allotment, low vacancy rates and a location that is so tightly held, this is the perfect opportunity to kick start your portfolio in 2018.
The Triplex
- 3 x 2 bedroom, 1 bathroom units
- Currently fully tenanted
- Returning $28,860pa gross ($555 p/w)
- 1500m2 of Res A land
A location second to none
- Approx. 1.4km to Bundaberg Base Hospital and medical precinct
- Approx. 5-minute drive to Bundaberg CBD
- Approx. 3-minute drive to Stocklands shopping centre
- close proximity to Avoca, Norville and Bundaberg West State Schools
- A number of parks and sporting fields only moments away
- Walking distance from Restaurants and Take away
- Approx. 400m to Bus Stops
Your choice of options
- Land bank the Blue Chip, central location
- Capitalise on the rental returns
- Update internally to increase your rental yields
- Strata title the units and sell them off individually
The astute investor, self managed super fund or developer will realise the potential of this land rich property and the opportunity to further increase value through renovations with the possibility of on selling each unit individually once strata titled. You will not be disappointed in this golden nest egg opportunity, sit back relax and enjoy the capital gain!! Make no mistake the owners want this property sold!!
Contact the Exclusive marketing agent Majella Owen for further information or to arrange an inspection.
Disclaimer: LJ Hooker have been provided with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.
Property History for 4 Stringer St, Millbank, QLD 4670
- 05 Mar 2021Sold for $455,000
- 21 Jun 2018Sold for $342,500
- 20 Apr 2018Listed for Sale O/A $349,000 PRICED TO SELL!!
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About Millbank 4670
The size of Millbank is approximately 3.4 square kilometres. It has 4 parks covering nearly 7.8% of total area. The population of Millbank in 2011 was 2,601 people. By 2016 the population was 2,516 showing a population decline of 3.3% in the area during that time. The predominant age group in Millbank is 60-69 years. Households in Millbank are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millbank work in a professional occupation. In 2011, 60.4% of the homes in Millbank were owner-occupied compared with 55.7% in 2016.
Millbank has 1,209 properties. Over the last 5 years, Houses in Millbank have seen a 118.49% increase in median value, while Units have seen a 80.01% increase. As at 31 October 2024:
- The median value for Houses in Millbank is $509,231 while the median value for Units is $368,389.
- Houses have a median rent of $500 while Units have a median rent of $355.
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