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2 Thomsen Street, Millbank, Qld 4670 For Sale
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2 Thomsen Street, Millbank, Qld 4670

Offers Above $1,125,000

Block Of Units
Type
6
Bedrooms
3
Bathrooms
3
Parkings
809 m²
Area

Published on Thursday, September 17, 2026 ( See property details for 2 Thomsen Street, Millbank, Qld 4670)

Offers Above $1,125,000

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

An exceptional investment opportunity offering a well-maintained triplex with strong income potential in a prime Millbank location.

🏡 Property Highlights

  • Rare opportunity to acquire an entire triplex in Millbank with established tenants.
  • High rental income potential of approximately $70,200 per annum.
  • Solid brick construction with low-maintenance features and private courtyards.
  • No Body Corporate fees, enhancing investment returns.
  • Well-positioned close to Bundaberg Base Hospital and local amenities.
  • Consistent occupancy with upgraded interiors and modern amenities.

✨ Key Features

  • Air Conditioning
  • Built-in Robes
  • Security Screens
  • Private Courtyard
  • Ceiling Fans
  • Ramp Access
  • Separate Toilet & Laundry
  • Solid brick construction
  • Established tenants
  • Low-maintenance yard

Millbank is a highly sought-after suburb in Bundaberg, offering excellent proximity to essential amenities, healthcare facilities, and the CBD. Known for its well-maintained properties and strong community feel, it provides a convenient lifestyle for residents and a solid opportunity for investors seeking consistent rental income. The area benefits from easy access to shopping centres, hospitals, and transport links, making it an ideal location for both tenants and property investors. With its low-maintenance appeal and high-yield potential, Millbank continues to attract discerning buyers looking for quality investment opportunities.

What is the current rental income and potential for growth?
The property currently generates $54,340 per annum with a potential rental income of up to $70,200 per annum, offering significant growth opportunities.
Are there any additional costs or fees associated with this property?
There are no Body Corporate fees; rates are approximately $4,650 annually, including water, which contributes to low ongoing costs.
What is the condition of the property and recent upgrades?
All three units have upgraded internal paint and flooring, with modern amenities and well-maintained exteriors, ensuring low maintenance and appeal.
Is the property suitable for long-term tenants or short-term rentals?
The established tenants and private courtyards make this property ideal for long-term rental income, with potential for further rental growth.
What are the zoning and planning considerations for this property?
The property is zoned for residential use as a triplex, with no current restrictions on further development or modifications, subject to local council approval.
Are there any existing easements, zoning restrictions, or planning permits affecting the property? What are the potential costs for future repairs or upgrades not covered in the current condition? Are there any planned developments or infrastructure projects nearby that could impact the property? Is there any history of flooding or bushfire risk in the area? Are there any strata or body corporate considerations, or is it solely managed by individual tenants?

2 Thomsen Street, Millbank, Qld 4670 - More Details

Offers Above $1,125,000

Impeccably positioned in the highly convenient suburb of Millbank and rarely offered, this is an exceptional opportunity to secure an entire triplex in Bundaberg close to the Base Hospital. Offering three established income streams, quality tenants and the potential for attractive ongoing cash flow, this is an investment opportunity that is not often seen in the local market.

Positioned on a corner block with an expansive 809m2 allotment, this well-maintained brick complex offers investors an appealing combination of quality construction and low-maintenance appeal. With no Body Corporate fees and a potential to generate approximately $70,200 per annum, the investment fundamentals speak for themselves.

UNIT 1:
- Bedrooms: 2
- Bathrooms: 1
- Car Accommodation: 1
- Air-conditioning: Yes (Living Room)
- Ceiling fans: Yes, both Bedrooms
- Built-In Cupboards: Yes
- Private Courtyard: Yes
- Security Screens: Yes
- Ramp Access: Yes
- Separate Toilet & Laundry
- Internal Paint & Flooring Upgraded

UNIT 2:
- Bedrooms: 2
- Bathrooms: 1
- Car Accommodation: 1
- Air-conditioning: Yes (Living Room)
- Ceiling fans: Yes
- Built-In Cupboards: Yes
- Security Screens: Yes
- Separate Toilet & Laundry

UNIT 3:
- Bedrooms: 2
- Bathrooms: 1
- Car Accommodation: 1
- Air-conditioning: Yes (Main Bedroom & Living Room)
- Ceiling fans: Yes, both Bedrooms
- Built-In Cupboards: Yes
- Separate Toilet & Laundry
- Private Courtyard: Yes
- Security Screens: Yes
- Internal Paint & Flooring Upgraded

LOW-MAINTENANCE FEATURES:
- Solid brick construction
- Automated irrigation servicing the majority of the established hedging
- Common-area mowing included under the current Unit 3 tenancy
- Individual private courtyards to Units 1 and 3
- Established tenants across all three residences

INCOME & YIELD UPSIDE:
OCCUPANCY:
- UNIT 1: Currently Tenanted at $390 per week until 11/08/2027
- UNIT 2: Currently Tenanted at $325 per week until 06/12/2026
- UNIT 3: Currently Tenanted at $330 per week until 13/08/2028

CURRENT RENTAL INCOME: $54,340 per annum
RENTAL APPRAISAL: $420 - $450 per week per unit
POTENTIAL RENTAL INCOME: $70,200 per annum

NO BODY CORPORATE FEES

RATES: Approximately $4,650 per annum including water.

DISTANCE TO FACILITIES (APPROX):
- Sugarland Shopping Centre: 1.6km
- Bundaberg Base Hospital: 2.3km
- Friendly's Private Hospital: 2.7 km
- Bundaberg CBD: 3.5 km
- Bundaberg Airport: 3.8km

Opportunities to secure an entire brick triplex in such a well-positioned location are few and far between. Whether you are looking to strengthen an existing portfolio or secure a quality multi-dwelling investment, this property warrants your inspection. To arrange your private viewing, contact Exclusive Listing Agents Kate Hutchinson on 0431 234 282 or Jonathon Olsen on 0409 534 533.

Disclaimer: LJ Hooker have been provided with the above information; however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.
Type
Block Of Units
Bedrooms
6
Bathrooms
3
Parkings
3
Area
809 m²

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