19 Gipps Street, Drayton, QLD 4350

- Quiet and well-maintained complex of five 2-bedroom units

- Combined weekly rental income of $1,701.84 with a rental yield of approximately 5.53%

- Rental worth has been appraised at $375 per week at renewal which would provide a future combined rental return of $1,875 and increased rental yield to approx. 6.09%

- Each unit includes two bedrooms with built-in robes, spacious living areas, and eat-in kitchens

- Neat bathrooms with showers, vanities, and separate toilets for convenience

- Hallway storage, internal laundries, and security screens on doors and windows

- Grassed common area and single carport for each unit

- Abundance of natural light throughout each unit

- Current leases in place with strong rental returns

- Prime location close to USQ, parks, shops, and public transport

Secure a standout investment with 19 Gipps Street, Drayton-a quiet and well- maintained complex of five 2-bedroom units, offering a combined weekly rental return of $1,701.84 and an impressive rental yield of approximately 5.53%. Perfectly positioned minutes from the University of Southern Queensland (USQ), parks, and local shops, this property is a prime opportunity for savvy investors. Rental worth has been appraised at $375 per week per unit at renewal which would provide a future combined weekly rental return of $1,875 and an increased rental yield to approximately 6.09%.

Each unit is thoughtfully designed for tenant comfort and practicality, featuring two generously sized bedrooms with built-in robes, spacious living areas, and central eat-in kitchens equipped with electric stoves, single bowl sinks, and plenty of bench and cupboard space. Neat and functional bathrooms with showers and vanities are complemented by separate toilets for added convenience. Hallway storage, internal laundries, and security screens on windows and doors complete these low-maintenance units.

The complex features a grassed common area and a single carport for each unit, providing tenants with convenience and ample space. Large windows throughout each unit ensure an abundance of natural light, creating a bright and inviting living environment.

Current Leases and Returns:

- Unit 1: $1,430 per month ($330 per week) until 5th March 2025; with a 3 month renewal from March to June 2025 at $360 per week

- Unit 2: $1,520.83 per month ($350 per week) until 1st October 2025

- Unit 3: $350 per week until 19th August 2025

- Unit 4: $1,390.48 per month ($320a per week) until 12th August 2025

- Unit 5: $350 per week until 17th August 2025

This results in a total weekly rental income of $1,701.84, delivering reliable returns and highlighting the property's strong investment potential.

Popular with tenants due to its proximity to USQ, parks, shops, and public transport, this property offers excellent long-term appeal with minimal ongoing maintenance.

Don't miss this opportunity to secure a high-performing asset in a sought-after location. Contact us today to arrange an inspection and explore the potential of this exceptional investment.

General rates: currently $4,295.81 net per half year

Water rates: currently $335.75 net per half year plus consumption

Primary school state catchment: Darling Heights State School

High school state catchment: Harristown State High School