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

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

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

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Block Of Units

Type

Bedrooms

Bathrooms

Parkings

1,004 m²

Area

Last updated on Saturday, July 04, 2026 ( See property details for 1,2&3/16 Colamba Street, Miles, Qld 4415)

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Tanielle Lloyd - Real Estate Agent - Elders Real Estate - Miles

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AI Property Insight

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

Suburb and Property Insights of Miles, QLD 4415

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.

Frequently Asked Questions

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.

What to ask about this property to agent?

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

1,2&3/16 Colamba Street, Miles, Qld 4415 - Point Of Interest

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Your Commute at a Glance: 1,2&3/16 Colamba Street, Miles, Qld 4415

Email Enquiry To Elders Real Estate - Miles

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

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