30 Gray Avenue Bundaberg South QLD 4670

Solid rental yield | flood-free 729m² lot | dual living zones | near CBD and beach | tenancy secured to Sep 2026 This property offers a rare combination of immediate cash flow and long-term land value. The 729m² flood-free block with side access and a large shed is increasingly scarce within five minutes of Bundaberg CBD. The dual living zones—formal lounge with stone paneling plus a second air-conditioned area—allow flexible use as a family home or for a home business setup. The existing tenancy at $630/week until September 2026 provides a buyer with a fully managed income stream from settlement, reducing holding costs and vacancy risk. It serves best an investor seeking a low-maintenance brick house with strong rental demand in a suburb that has seen median values rise over 128% in five years. The primary risk is the fixed tenancy: you cannot occupy or renovate for capital gain until late 2026. The building coverage at 25% and 179m² floor area leave room for future extension, but council approval and timing would need to be considered. Solar panels and air conditioning reduce tenant turnover, but NBN Fibre to the Node is a minor convenience, not a prime value driver. The opportunity lies in holding through the lease, then either re-leasing at higher market rent (estimated $615–$675/week) or converting the double carport to a garage to lift resale appeal. Use this property as a buy-and-hold vehicle for stable yield and land banking in a growth corridor.