5-7/41 Oconnell Street, Barney Point, QLD, 4680

TURNKEY INVESTMENT- 5 STAR RATED, FULLY RENOVATED & MULTI-INCOME OPPORTUNITY!

House
Type
6
Bedrooms
6
Bathrooms
3
Parkings

Published on Tuesday, March 31, 2026 ( See property details for 5-7/41 Oconnell Street, Barney Point, QLD, 4680)

OFFERS FROM LOW $1,000,000.00

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

A fully renovated, high-end complex of three furnished apartments offering exceptional income potential and flexible living options in a prime coastal location.

🏑 Property Highlights

  • Fully renovated complex of three high-end furnished apartments with modern upgrades
  • Exceptional income potential with proven Airbnb success and strong short-term rental reviews
  • Flexible dual living options suitable for investors, extended families, or owner-occupiers
  • Prime location across from Yaralla Sports Club, close to beaches, CBD, and boat ramp
  • Each apartment features private ensuites, reverse cycle air-conditioning, and private laundry
  • High-quality finishes including plantation shutters, custom timber details, and smart technology

✨ Key Features

  • Air Conditioning
  • Ensuite
  • Outdoor Area
  • Built-in Robes
  • Dishwasher
  • Open-Plan Living
  • Security Screens / Gates
  • Fly Screens
  • Waterfront / Views
  • Pet-Friendly
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5-7/41 Oconnell Street
Barney Point, QLD 4680
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Vertical aerial view β€” 5-7/41 Oconnell Street
5-7/41 Oconnell Street — Vertical Aerial  •  Barney Point, QLD 4680  •  Nearmap © 2026

Barney Point offers a vibrant coastal lifestyle with easy access to beaches, Gladstone CBD, and recreational facilities. The area is renowned for its strong community vibe, proximity to boating and fishing spots, and convenient amenities. Its growing popularity makes it an ideal location for both investors and families seeking a relaxed yet connected lifestyle. The neighbourhood benefits from ongoing development and a high demand for quality rental accommodation.

Can the apartments be rented out separately?
Yes, each apartment can be individually titled and leased separately, offering flexibility for investors or owner-occupiers.
What are the current income streams from the property?
The property currently generates approximately $190 - $230 per night per unit through Airbnb, with potential for long-term rental income of $370 - $390 per week per unit.
Are there any restrictions on future modifications or additions?
Future modifications such as adding a shed or pool are possible, especially with three-phase power connected to the rear of the block, subject to council approval.
What are the ongoing costs associated with the property?
Annual council rates are $7,196.62, including water usage, and body corporate levies are $2,985 per quarter.
Is the property suitable for long-term living or only short-term rentals?
The property offers flexibility for both short-term Airbnb-style rentals and long-term leasing, or owner-occupiers can choose to live in one unit and rent the others.
Are there any existing easements, covenants, or zoning restrictions affecting the property? Has the property been inspected for structural issues or defects following the recent renovations? Are there any upcoming council or community developments planned for the area that could impact the property? What are the total costs involved in transitioning the property to a long-term rental or owner-occupier setup? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any strata or body corporate regulations or fees applicable if the units are sold separately? What are the terms and conditions of the current Airbnb and short-term rental agreements? Are there any restrictions or requirements for future additions like a shed or pool, especially with three-phase power available? Is there any ongoing or planned construction nearby that could affect privacy or noise levels? What are the details regarding the fire wall separation and compliance with safety standards?

5-7/41 Oconnell Street, Barney Point, QLD, 4680 - More Details

TURNKEY INVESTMENT- 5 STAR RATED, FULLY RENOVATED & MULTI-INCOME OPPORTUNITY!

Positioned in a highly convenient location just moments from the beach and Gladstone CBD, this fully renovated complex of three apartments-known as The Quarterdeck Apartments-presents an exceptional opportunity for investors, extended families, or those seeking flexible dual living options. Currently operating as a successful Airbnb and short-term accommodation business, the property boasts consistent 5-star reviews, repeat clientele, and forward bookings already in place. With multiple income streams and the ability to rent each room individually, this is a proven, high-performing asset ready to generate immediate returns. Designed with flexibility in mind, each apartment comfortably accommodates up to six guests and can be configured for individual room letting-making it highly attractive to corporate and mining company bookings. Alternatively, the property can easily transition to long-term rentals or suit an owner-occupier looking to live in one and lease the others. No expense has been spared in the transformation of this property. Each apartment is fully furnished with high-quality inclusions, stylish plantation shutters, custom timber finishes, and modern upgrades throughout. From smart technology and secure access systems to premium fixtures and fittings, every detail has been carefully considered to create a low-maintenance, high-comfort living environment. Each apartment features two spacious bedrooms, both with private ensuites-a rare and highly sought-after design in the Gladstone market. Reverse cycle air-conditioning and Smart TVs are installed in all bedrooms and living areas, ensuring comfort for both short and long-term occupants. Adding to the practicality, each unit includes its own private laundry with washing machine, provision for a wall-mounted dryer, and a private rear courtyard with clothesline. Additional large commercial clotheslines are positioned near the carport, ideal for efficient turnover of linen during guest changeovers. Located directly across from Yaralla Sports Club, guests and residents enjoy immediate access to dining, gym facilities, and entertainment. With close proximity to Gladstone Central, beaches, and the boat ramp, this is a high-demand location continuing to grow in popularity. At a Glance: -Lowset solid brick complex built in 1993 on a 915mΒ² block -Fully renovated complex of 3 units (internal and external upgrades completed) -Fully furnished throughout - walk-in, walk-out sale -Premium finishes including plantation shutters - no expense spared -Each unit offers 2 bedrooms and 2 bathrooms (both ensuited) -Air-conditioned bedrooms and living areas throughout -Each unit includes private laundry with washing machine -Private rear courtyard to each unit complete with clothesline -Currently operating as Airbnb-style accommodation with strong income potential -Proven short-term rental with 5-star reviews, repeat clientele & forward bookings -Flexibility for long-term rental, dual living, or live in one and rent the others -Fire wall separation between each unit for privacy and compliance -Ability to individually title and sell separately (STCA) -Modern kitchens with quality appliances and ample storage -Open-plan living and dining layouts -Three undercover car accommodation plus multiple additional parking options -Three-phase power connected to the rear of the block - ideal for future shed or pool -Estimated rental appraisal (long-term): $370 - $390 per unit, per week -Current Airbnb income: approximately $190 - $230 per night, per unit (minimum 2-night stay) -Council rates: $7,196.62 includes water usage -Body corporate levies per year: $2,985 per quarter A rare opportunity offering versatility, strong income potential, and high-end finishes in a prime coastal location. Contact Donnella for more information or to book your inspection.
Type
House
Bedrooms
6
Bathrooms
6
Parkings
3

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