26 Cherry Street, Oakey QLD 4401

| Flood overlay exposure | Short lease rolls | No body corp structure | Multi-street development angle The flood overlay is the primary risk mechanism, potentially increasing insurance costs and limiting debt financing options for a buyer—this is a holding cost that must be modelled into cash flow projections, not a deal-breaker for a property with proven tenancy. The six-unit structure, with leases extending to 2027, delivers a steady income stream without body corporate fees, and the dual street frontage on Cherry and Creek Streets offers a commercial logic for future subdivision or development on the vacant land component. Judgment: this property works as a buy-and-hold investment for a buyer who can absorb the flood risk premium and capitalise on the vacant land. What is competitively strong here is the rare combination of dual street access and a fully tenanted, low-maintenance complex generating cash flow from day one, with no special levies or sinking fund obligations. The wheelchair-friendly bathrooms, separate laundries, and courtyard access make the units suited to the existing aged care and NDIS tenant base, reinforcing stable occupancy. This property serves an experienced investor seeking a consolidated holding with development optionality in a regional market. The professional approach is to engage a building and pest inspector with flood overlay experience, then negotiate directly with the agent on the vacant land’s potential—proceed with due diligence focused on insurance quotes and a flood risk report.