1/102A Bawden Street, Berserker QLD 4701

2-bed unit, 380sqm parcel | Berserker, Rockhampton | last traded 2005 at $135k | no flood or fire overlay | 5G and FTTN connected This unit offers a rare configuration advantage: a 380sqm land holding within a multi-unit building, effectively delivering a detached land component typically absent in strata apartments. For a buyer, this means sub-development optionality or a hold with land-value leverage not priced into the current $391k–$413k range. The property sits outside flood and bushfire overlays, a meaningful structural advantage in regional Queensland. It best suits a patient investor or a buyer seeking a home with future subdivision or dual-occupancy potential, given the council’s historical permissiveness on smaller infill lots. The primary risk is the building’s multi-unit context,11 properties on title,which may complicate future redevelopment and limits exclusive control over the land. This cost is borne as reduced liquidity and longer approval timelines. The opportunity lies in holding for land appreciation while collecting $395/week rent, a 5% gross yield at the valuation midpoint. Use this property as a land bank with cash flow: hold for 5–7 years, then test council appetite for a secondary dwelling or lot split.