38 Wood Street,

Barney Point

An outstanding opportunity to acquire a substantial seven-unit residential investment holding on one title, positioned within the established Barney Point precinct at 38 Wood Street.

Set on approximately 1,386m2*, the lowset brick complex comprises seven two-bedroom units, each featuring two equal-sized double bedrooms, one bathroom and dedicated car accommodation.

All seven dwellings are currently occupied by long-term tenants, providing an established rental income stream of more than $130,000 per annum.

Five units have been fully renovated, with significant improvement works already completed across the complex. The remaining two units offer potential for further enhancement over time, subject to the relevant approvals and an incoming owner's investment strategy.

Location & Lifestyle

Located in established Barney Point, the property provides convenient access to a range of everyday amenities, including local shops, schools, employment centres and recreational facilities.

Barney Point Beach is nearby, while Yaralla Sporting Complex and surrounding retail amenities are also within easy reach.

The combination of an established residential setting, convenient local amenity and proximity to the broader Gladstone region makes the property well suited to long-term residential investment.

Investment Highlights

Seven two-bedroom residential units held under one title

Approximately 1,386m2* of land

Lowset brick construction

Two equal-sized double bedrooms and one bathroom per unit

Dedicated car accommodation

Five units fully renovated

All seven units currently occupied by long-term tenants

Combined rental income exceeding $130,000 per annum

Separate electricity meters for each dwelling

Established multi-dwelling residential holding

Further potential to enhance the two remaining unrenovated units

Existing Improvements & Future Potential

The five renovated units demonstrate the work already undertaken throughout the complex and provide upgraded accommodation for existing tenants.

The two remaining units present an opportunity for a future owner to consider additional improvements, potentially allowing the property to be further enhanced over time. Any proposed works would remain subject to the relevant approvals, costs and investment objectives.

With seven dwellings generating separate rental streams, the property provides diversified income within a single residential holding.

The Opportunity

Whether expanding an established property portfolio or seeking a substantial standalone residential investment, 38 Wood Street presents the opportunity to secure seven income-producing dwellings in one transaction.

The combination of scale, established tenancy, completed renovations and further improvement potential provides a balance of current income and future upside.

The Numbers at a Glance

7 - Residential units

1 - Title

1,386m2* - Approximate site area

5 - Fully renovated units

7 - Units currently occupied

$130,000 - Combined annual rental income - (as of lease renewal Nov)

7 - Separate electricity meters

Council Rates - $20,000 (approx p.a.)

Disclaimer: Photographs depict a renovated unit and may not represent all units within the complex.