47 Cambridge Street, The RangeQLD 4700

BLUE-CHIP INVESTMENT - INCOME NOW - POTENTIAL FOR MORE. A rare opportunity to secure a substantial, fully furnished Queenslander offering immediate rental income, multiple income streams and genuine potential to increase returns - all in one of Rockhampton's most tightly held and prestigious suburbs. Positioned in the highly sought-after 'The Range', this beautifully renovated circa-1940 Queenslander combines timeless character, an outstanding location and an impressive income-producing configuration that makes this a compelling opportunity for investors, extended families and astute buyers seeking long-term value. Currently configured as three fully furnished residences, the property comprises: 6 bedrooms 4 bathrooms 2-car garage 6 additional onsite car spaces Quality, long-term tenants Current rental income of $1,850 per week $96,200 gross annual rental income For investors, the opportunity is compelling. The property is already producing a substantial income from multiple residences, while the existing scale and flexible floorplan offer potential to explore further income opportunities, subject to relevant approvals. Additional rooms or living spaces may provide scope to further enhance the property's accommodation options and rental returns, creating the possibility of increasing income over time as demand and market conditions evolve. The flexible configuration could also lend itself to a range of future uses, including: • Continuing as a multi-residence investment • Potentially expanding accommodation to increase rental income, subject to approvals • Multi-generational living, with family members enjoying separate areas of the home • A private arrangement for parents or grandparents • Teenager's retreat or additional guest accommodation • A combination of home and income LOCATION THAT SUPPORTS LONG-TERM DEMAND The real strength of this property extends beyond its impressive current income. The Range is one of Rockhampton's most established and tightly held suburbs, renowned for its character homes and enviable proximity to the city's major hospitals, medical and professional services, schools, parklands, shopping and the CBD. Its position within Rockhampton's established health, education and professional precincts provides a strong foundation for ongoing tenant appeal, particularly among professionals, medical workers and other long-term residents seeking convenient accommodation close to work and essential services. As Rockhampton continues to grow as a major regional centre, properties offering multiple accommodation options, established rental income and proximity to employment hubs are increasingly attractive to investors looking for both income and long-term potential. THE OPPORTUNITY This is far more than a beautiful Queenslander. It is an income-producing asset with flexibility, scale and potential. With $96,200 in current gross annual rental income, multiple residences already established and the possibility of further enhancing the property's income-producing capacity, this is an opportunity to secure a substantial holding in one of Rockhampton's most desirable locations. For investors seeking immediate income with potential for future growth, or families looking for a flexible multi-generational property, 47 Cambridge Street deserves your attention. Opportunities of this calibre in The Range are rarely available. Private inspections welcome. Christine Norris - 0408 405 851 Gabriele Wings - 0403 938 007 Disclaimer: Information regarding potential future accommodation, additional rooms or increased rental income is subject to relevant approvals, building requirements and market conditions. Prospective purchasers should undertake their own investigations and obtain independent advice.