5-7/41 O'Connell Street

Positioned in a highly convenient location just moments from the beach and Gladstone CBD, this fully renovated complex of three apartments-known as The Quarterdeck Apartments-presents an exceptional opportunity for investors, extended families, or those seeking flexible dual living options.

Currently operating as a successful Airbnb and short-term accommodation business, the property boasts consistent 5-star reviews, repeat clientele, and forward bookings already in place. With multiple income streams and the ability to rent each room individually, this is a proven, high-performing asset ready to generate immediate returns.

Designed with flexibility in mind, each apartment comfortably accommodates up to six guests and can be configured for individual room letting-making it highly attractive to corporate and mining company bookings. Alternatively, the property can easily transition to long-term rentals or suit an owner-occupier looking to live in one and lease the others.

No expense has been spared in the transformation of this property. Each apartment is fully furnished with high-quality inclusions, stylish plantation shutters, custom timber finishes, and modern upgrades throughout. From smart technology and secure access systems to premium fixtures and fittings, every detail has been carefully considered to create a low-maintenance, high-comfort living environment.

Each apartment features two spacious bedrooms, both with private ensuites-a rare and highly sought-after design in the Gladstone market. Reverse cycle air-conditioning and Smart TVs are installed in all bedrooms and living areas, ensuring comfort for both short and long-term occupants.

Adding to the practicality, each unit includes its own private laundry with washing machine, provision for a wall-mounted dryer, and a private rear courtyard with clothesline. Additional large commercial clotheslines are positioned near the carport, ideal for efficient turnover of linen during guest changeovers.

Located directly across from Yaralla Sports Club, guests and residents enjoy immediate access to dining, gym facilities, and entertainment. With close proximity to Gladstone Central, beaches, and the boat ramp, this is a high-demand location continuing to grow in popularity.

At a Glance:

Return on Investment: Based on the information currently available: -Indicative gross annualised income: approx. $133,664 p.a. -Operating expenses + rates/water: approx. $11,032 p.a. -Body corporate: approx. $10,636 p.a. -Indicative net income: approx. $111,996 p.a. -Estimated rental appraisal (long-term): $370 - $390 per unit, per week -Current Airbnb income: approximately $190 - $230 per night, per unit (minimum 2-night stay)

Property information: -Low set solid brick complex built in 1993 -Fully renovated complex of 3 units (internal and external upgrades completed) -Fully furnished throughout - walk-in, walk-out sale -Premium finishes including plantation shutters - no expense spared -Each unit offers 2 bedrooms and 2 bathrooms (both ensuited), sleeps up to 6 people with pull out double sofa -Air-conditioned bedrooms and living areas throughout -Each unit includes laundry with washing machine -Private rear courtyard to each unit complete with clothesline -Currently operating as Airbnb-style accommodation with strong income potential -Proven short-term

rental with 5-star reviews, repeat clientele & forward bookings -Modern kitchens with quality appliances and ample storage -Open-plan living and dining layouts -Three undercover car accommodation plus multiple additional parking options

A rare opportunity offering versatility, strong income potential, and high-end finishes in a prime coastal location.

Contact Donnella for more information or to book your inspection.