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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.

*approximately

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3. Property Location

George Street, Bundaberg Central, QLD 4670

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4. Due Diligence

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