1-4/15 Bassano Street, Geebung, Qld 4034

Auction | Wednesday 1 April at 5:30pm, In Rooms at 43 Nariel Street, Albion

A rare opportunity to secure an entire boutique complex of four strata-titled two-bedroom units, offered for sale together as one investment holding.

Positioned on a substantial 880m² parcel, this tightly held property has been under single ownership for 37 years and is fully tenanted, providing immediate and consistent rental income from day one.

Each unit offers a practical, light-filled layout designed for long-term tenant appeal, featuring open-plan living and dining areas, well-appointed kitchens with ample storage, two bedrooms with built-in robes, and single lock-up garage accommodation. Select refurbishments across the complex include updated carpets, paint, window furnishings and maintained interiors, ensuring low ongoing maintenance requirements.

Three units are positioned on the upper level with private balconies, while the ground floor residence enjoys its own entry patio. Oversized garages (up to approx. 44m²) add further value and functionality - a standout feature rarely found in comparable unit complexes.

LEASE DETAILS
* Unit 1 - $480 pweek - Lease until October 2026
* Unit 2 - $310 pweek - Lease until August 2026 (been living at the property for over 20 years)
* Unit 3 - $500 pweek - Lease until September 2026
* Unit 4 - $510 pweek - Periodic Lease (been living at the property for over 26 years)

Location Highlights:
* Minutes to bus and train transport
* Close to local shops and everyday conveniences
* Approximately 16 minutes to Brisbane Airport
* Approximately 10 minutes to Virginia Golf Course
* Surrounded by public and private schooling options

Investment Overview:
* 4 x strata-titled two-bedroom units
* 8 bedrooms | 4 bathrooms | 5 car spaces
* Fully leased with established tenants
* Total land size: 880m²
* Oversized individual garages
* First time offered in 37 years
* To be sold as one

With individual titles already in place, the incoming purchaser may choose to retain the asset as a high-performing long-term investment, enhance further to increase returns, or explore future sell-down potential.

Opportunities to acquire an entire residential complex of this scale in one transaction are increasingly scarce.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Due to REIQ legislation a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.

Type

Block Of Units

Bedrooms

8

Bathrooms

4

Parkings

5