Watch Watch

2. Property Highlights

DA Approved Rooming Accommodation

• Land Area: 1,538m²*

• Approved for Rooming Accommodation with 33 self-contained studio apartments over 2 levels including manager's studio

• Opportunity to capitalise on significant undersupply of rental accommodation in the Bundaberg region

• New Bundaberg hospital due for commencement in 2024

• Estimated potential gross annual rent with 100% occupancy, once constructed is $623,220* per annum providing potential gross annual return of 11%

• Designated Medium Density Residential Zone allowing a range of potential other options

• Several communal areas, both indoor and outdoor, including shared laundry, communal kitchen, dining, office areas and rooftop terrace

• Single, double and accessible studios

• Ground level undercover parking for 29 cars, 8 motorcycles and ample bicycle/scooter spaces

• Positioned in close proximity to the CBD, Hinkler Shopping Centre, Hospitals, TAFE and local schools

For further information, please contact the Ray White Special Projects Qld Marketing Agents.


Remember to mention you found this property on DevelopmentReady

Read More

3. Property Location

George Street, Bundaberg Central, QLD 4670

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity