16 Duke Street Memerambi QLD 4610

3-bed low-set brick | tenanted $380/wk to Nov 2026 | 1003m² fully fenced | 6x6m garage with dual roller doors The property’s strongest buying case is the secure tenancy through November 2026, which provides immediate cash flow certainty and removes vacancy risk for a new investor. The 1003m² block, fully fenced with a substantial 6x6m garage, offers rare land content in a low-set brick house that appeals to both tenants and future owner-occupiers. The layout—three built-in wardrobes, ensuite, walk-in pantry, and separate bath—is functional and low-maintenance, suiting a buyer seeking a hands-off investment within 10 minutes of Kingaroy CBD. The reverse cycle air conditioning and double gate access add practical value for long-term holding. The main risk is the 48-hour notice inspection requirement, which may slow resale if the market shifts; the property’s price point near $490,000 sits at the upper end of the estimated range, demanding disciplined negotiation. The tenancy’s fixed term limits immediate rental growth, but the $380/week income provides a reasonable yield for the area. Opportunity lies in the block’s size for potential subdivision or future development, though this is not immediate. Hold for steady rental return and land appreciation; sell only if capital gains accelerate beyond the holding cost.