PROPERTY SUMMARY
Property Description
RENTAL GUIED CAN BE $1350 PER WEEK
A rare and versatile investment opportunity, this well-maintained triplex offers the added advantage of no body corporate fees and the flexibility to either maximise rental return or live comfortably in the rear residence while collecting income from the front two units. With a rental guide of $1,350 per week, the property presents an attractive option for investors, extended families or owner-occupiers seeking to offset their living costs with strong rental income.
Set on a generous 1,308m² fully fenced allotment, the complex comprises two well-designed two-bedroom units at the front and a spacious three-bedroom house at the rear. The layout provides both privacy and practicality, with the rear home enjoying a peaceful position backing directly onto parkland and offering the bonus of potential dual street access, as well as ample space for a large shed, boat & caravan.
Each of the two-bedroom units is neatly appointed and designed for easy-care living, featuring open plan living areas, modern kitchens complete with pantry and electric stove, bathrooms, laundries, good storage, and two queen-size built-in bedrooms. Both units are fitted with reverse-cycle air conditioning and ceiling fans, while private courtyards and single carports add further appeal for long-term tenants.
The rear residence is a full-size home that offers far more space than is typically found in this type of complex. Inside, there is a large open plan lounge and dining area, a generous kitchen with under-bench oven, electric cooktop, double fridge space, and double pantry, plus a separate family room for added flexibility. The home includes three queen-size bedrooms, a two-way bathroom with full-size bathtub, a second shower located in the utilities area, a separate toilet, office and laundry. With excellent storage throughout, reverse-cycle air conditioning, ceiling fans, security screens and fully tiled floors, the home has been designed for low-maintenance living with no carpets to replace or maintain. Outdoors, two large under-roof patio areas on the Northeastern side of the property soaking in the morning winter sun and overlook a good-sized yard, making it ideal for children, pets or simply enjoying the extra space and privacy.
The complex itself is immaculately presented with established, easy-care gardens, beautiful shade trees, a full concrete driveway with turning bay, town and tank water, sewerage, and school bus access past the front. Its location is another major drawcard, backing onto parkland and positioned only a few minutes’ walk from Kingaroy State Primary School, Kingaroy State High School and the Kingaroy CBD.
Adding immediate appeal are the two excellent long-term tenants already in place. Unit 1 is currently rented at $260 per week with a lease until June 2026, with scope to increase to approximately $400 per week. Unit 2 is rented at $300 per week with a lease secured until January 2027, also with potential to increase to approximately $400 per week. The rear house is currently owner occupied with rental expectations of around $550 per week, and the current owner may consider remaining for 12 months should that suit the purchaser.
Opportunities like this are hard to find, particularly when they combine solid income, flexibility of use and a sought-after location close to schools, parkland and the CBD. Whether you are looking for a high-yield investment, multi-generational living, or the chance to live in one home while the others help pay the mortgage, this quality triplex delivers outstanding value and future potential.