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

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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

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!

Type
House
Bedrooms
6
Bathrooms
6
Parkings
3

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