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1,2&3/16 Colamba Street, Miles, Qld 4415-Image Sold
1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415-Image 1,2&3/16 Colamba Street, Miles, Qld 4415

1,2&3/16 Colamba Street, Miles, Qld 4415

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Block Of Units
Type
6
Bedrooms
4
Bathrooms
3
Parkings
1,004 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 1,2&3/16 Colamba Street, Miles, Qld 4415)

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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare investment opportunity offering three income-producing units on a single title in the desirable suburb of Miles, with strong returns and minimal ongoing costs.

🏡 Property Highlights

  • Three well-maintained units on a single title with no strata fees
  • Strong rental income with a combined weekly return over $1,000
  • Prime location in Miles with steady rental demand
  • Low-maintenance concrete backyards for easy tenant upkeep
  • Immediate income with lease agreements in place
  • Flexible investment opportunity with three separate units

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Ensuite
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Pet-Friendly

Miles is a thriving Queensland suburb known for its affordability, consistent rental demand, and strong community feel. It offers excellent access to local amenities, schools, and transport links, making it an ideal location for investors seeking reliable cash flow. The area benefits from ongoing development and a stable property market, ensuring long-term growth potential. With a friendly neighbourhood atmosphere and practical living options, Miles continues to attract tenants and investors alike.

What is the current rental income for each unit, and are there any lease agreements in place?
Unit 1 is leased at $340 per week with an increase to $360 from 20 July 2026, Unit 2 returns $320 per week, and Unit 3 achieves $380 per week, all with existing lease agreements.
Are there any ongoing costs or fees associated with this property?
No, the property is on a single title with no strata fees, reducing ongoing costs for the owner.
What is the condition of the units and the outdoor spaces?
All three units are well-maintained, featuring low-maintenance concrete backyards designed for easy tenant upkeep.
Is there potential for future rental increases or development?
The current leases provide stable income, and the property's location offers potential for future rental growth or development opportunities, subject to council approval.
What are the zoning and planning regulations for this property?
The property is situated in a residential zone suitable for multi-unit accommodation, with no known restrictions impacting its current use.
Are there any hidden costs or upcoming maintenance issues not disclosed? Has the property been inspected for structural defects or pest issues? Are there any zoning restrictions or easements affecting the property? What are the local council regulations regarding future development? Is there any history of flooding or bushfire risk in the area? Are there any planned nearby construction projects that could impact the property? What are the terms of the current lease agreements, and are there any upcoming lease expirations? Are there any restrictions or covenants associated with the property? Is the property compliant with all local building codes and regulations? Are there any additional costs for property management or maintenance?

1,2&3/16 Colamba Street, Miles, Qld 4415 - More Details

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Positioned in a convenient and high-demand pocket of Miles, this outstanding investment opportunity at 1, 2 & 3/16 Colamba Street (also known as 1, 2 & 3/56 Edith Street) offers the perfect blend of strong returns, low-maintenance living, and long-term investment security.

Set on a single title with no body corporate or strata fees, this fully tenanted complex comprises three well-maintained units, delivering immediate income from day one. Whether you are looking to grow your portfolio or secure a reliable set-and-forget investment, this property is packed with potential.

Unit 1 features 2 bedrooms and 1 bathroom and is currently leased at $340 per week, with an approved rental increase to $360 per week taking effect from 20 July 2026.

Unit 2 offers 2 bedrooms and 1 bathroom and is currently returning $320 per week.

Unit 3 boasts a more spacious design with 2 bedrooms and 2 bathrooms and is achieving $380 per week.

Together, the three units generate a strong combined rental return, making this an attractive opportunity for savvy investors seeking consistent cash flow in a thriving regional market.

Each unit has been thoughtfully designed for easy, low-maintenance living, featuring practical layouts and private concrete courtyards that minimise upkeep while still providing functional outdoor space for tenants to enjoy.

Located in the ever-growing Western Downs region, Miles continues to attract strong rental demand thanks to its affordability, community appeal, and ongoing industry activity. Properties offering multiple income streams on one title with no strata costs are tightly held and rarely become available.

Three units, one title, no body corporate, and immediate returns - this is the kind of investment opportunity that makes sense now and into the future.

Enquire today to secure a quality income-producing asset in the heart of Miles.
Type
Block Of Units
Bedrooms
6
Bathrooms
4
Parkings
3
Area
1,004 m²

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