135 Bundock Street, Belgian Gardens, Qld 4810

OFFERS OVER $1,000,000

Block Of Units
Type
8
Bedrooms
4
Bathrooms
3
Parkings
1,014 m²
Area

Published on Friday, July 03, 2026 ( See property details for 135 Bundock Street, Belgian Gardens, Qld 4810)

OFFERS OVER $1,000,000

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

A versatile, fully tenanted block of four units on a spacious 1,014 m² block in the sought-after Belgian Gardens suburb, offering strong rental income and development potential.

🏡 Property Highlights

  • Fully tenanted with solid rental returns of $78,000 per annum
  • Prime city fringe location close to CBD, airport, and recreational areas
  • Potential for value-adding improvements and refurbishment
  • Large 1,014 m² block with ample rear space for development or extension
  • Diverse unit configuration: 2 x 2-bedroom, 1 x 3-bedroom, 1 x 1-bedroom units
  • No body corporate fees, offering cost-effective investment opportunity

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Extra Storage (Shed/Linen)
  • Secure Parking
  • Outdoor Area
  • Waterfront / Views
  • Pet-Friendly
  • Home Office / Study
  • Ceiling Fans
  • NBN / High-Speed Ready

Belgian Gardens is a highly sought-after suburb offering a relaxed coastal lifestyle with proximity to the CBD, beaches, and parks. It features excellent local amenities, recreational facilities, and strong rental demand, making it ideal for investors and residents alike. The area boasts a vibrant community atmosphere, convenient transport links, and a range of dining and shopping options, all within a picturesque setting. Its growth potential and desirable location make it a prime choice for long-term investment and lifestyle living.

What is the current condition of the units and what renovations are needed?
The units are fully tenanted and in a functional condition, with some potential for refurbishment and improvements to increase rental returns and value.
Are there any restrictions or zoning considerations for future development on the property?
The property is on a single title with no body corporate fees, and zoning details should be confirmed with local council for any future development or extensions.
What are the ongoing costs associated with owning this property?
There are no body corporate fees; ongoing costs include property management, maintenance, and council rates.
Is there potential for increasing rental income through upgrades?
Yes, the property presents an opportunity for refurbishment and upgrades to enhance rental income and attract higher-paying tenants.
What is the history of the rental income and lease terms?
All units are currently leased until 2027, generating a combined rental income of $78,000 per annum.
Are there any existing or planned developments nearby that could impact the property's value or rental demand? Have any recent inspections revealed structural issues or defects that need addressing? Are there any easements, zoning restrictions, or planning overlays affecting the property? What are the flood or bushfire risks associated with this location? Are there any upcoming changes to local council regulations or infrastructure projects that could influence the property?

135 Bundock Street, Belgian Gardens, Qld 4810 - More Details

OFFERS OVER $1,000,000

If you have an eye for potential and growth, then you cannot miss this opportunity. On offer is a block of 4 units in a popular city fringe location offering potential growth for the astute investor. On one title with no body corporate fees, fully tenanted with solid returns opportunities like this do not come along often. Excellent opportunity for immediate investment with the potential for improvements to increase rental return.
Situated on 1,014 m2 block with plenty of room to the rear, this complex comprises of 2 x 2 bedroom units, 1 x 3 bedroom unit and 1 x 1 bedroom unit. Fully tenanted, all with leases in place until 2027 and achieving a rental return of $78,000 per annum.
While the complex would benefit from refurbishment and improvements, this presents an opportunity for buyers to add value and capitalise on the strong demand for well-located rental accommodation.
Located in the popular city fringe suburb of Belgian Gardens just minutes from the airport, Rowes Bay & Soroptimist Park, the CBD, The Strand, local shops and a choice of recreational options. This location offers a great lifestyle choice for residents.
Whether you're looking to expand your investment portfolio, undertake a renovation project, or secure a multi-income property in a premium location, this versatile block offers considerable potential in a sought after suburb.

* Virtual furniture used for marketing purposes.
Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
3
Area
1,014 m²

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