1,2&3/16 Colamba Street
Miles QLD 4415
- 6 Bed
- 4 Bath
- 3 Parks
Offers around $820,000
Three Units. One Title. Endless Investment Potential
Positioned in a convenient and high-demand pocket of Miles, this outstanding investment opportunity at 1, 2 & 3/16 Colamba Street (also known as 1, 2 & 3/56 Edith Street) offers the perfect blend of strong returns, low-maintenance living, and long-term investment security.Set on a single title with no body corporate or strata fees, this fully tenanted complex comprises three well-maintained units, delivering immediate income from day one. Whether you are looking to grow your portfolio or secure a reliable set-and-forget investment, this property is packed with potential.
Unit 1 features 2 bedrooms and 1 bathroom and is currently leased at $340 per week, with an approved rental increase to $360 per week taking effect from 20 July 2026.
Unit 2 offers 2 bedrooms and 1 bathroom and is currently returning $320 per week.
Unit 3 boasts a more spacious design with 2 bedrooms and 2 bathrooms and is achieving $380 per week.
Together, the three units generate a strong combined rental return, making this an attractive opportunity for savvy investors seeking consistent cash flow in a thriving regional market.
Each unit has been thoughtfully designed for easy, low-maintenance living, featuring practical layouts and private concrete courtyards that minimise upkeep while still providing functional outdoor space for tenants to enjoy.
Located in the ever-growing Western Downs region, Miles continues to attract strong rental demand thanks to its affordability, community appeal, and ongoing industry activity. Properties offering multiple income streams on one title with no strata costs are tightly held and rarely become available.
Three units, one title, no body corporate, and immediate returns - this is the kind of investment opportunity that makes sense now and into the future.
Enquire today to secure a quality income-producing asset in the heart of Miles.
Features
General Features
- Property Type: Block of Units
- Bedrooms: 6
- Bathrooms: 4
- Land Size: 1,004sqm
Indoor Features
- Toilets: 4
Outdoor Features
- Open Car Spaces: 3
Can I afford 1,2&3/16 Colamba Street?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
Calculators
Elders Real Estate Miles
Enquire about 1,2&3/16 Colamba Street, Miles, QLD, 4415