1/89 Powell Street, Bowen QLD 4805

ground-floor renovated unit | central Bowen walkable | stable tenant secured | low-maintenance solid block This unit presents a rare combination of immediate rental income and low ongoing commitment. The fully renovated interior, solid masonry construction, and fully fenced courtyard reduce future capital outlay, while the current tenant at $375 per week through August 2026 provides instant cash flow for an investor. Its central position within walking distance to the CBD, beach, and harbour gives it a lifestyle edge that suits both downsizers and yield-focused buyers seeking a low-maintenance holding in a stable market. The primary risk is the suburb’s low 1.3% growth trajectory, meaning capital appreciation is unlikely to outpace inflation in the near term. The body corporate fees of $868 per quarter and council rates around $2,082 per half year are moderate but should be factored into net yield calculations. The opportunity lies in the rental upside, with estimated market rent of $380 per week offering a potential yield improvement of over 4.6%. This property is best held as a long-term rental holding in a stable regional centre, not a short-term flip.