CBD Fringe 1,012 m² Res B Site – Income Now, Develop Later

45 Electra Street, Bundaberg West QLD 4670

Under Offer
7Bedrooms
1Bathrooms
2Carspace

Set one block back from the Friendly Society Private Hospital and a level stroll to the train station, CBD and the footbridge to Hinkler Central, 45 Electra Street is a genuine land-bank opportunity in Bundaberg's tightly held Residential B zone (medium–high density). The 1,012 m² lot measures about 20 m wide by 50 m deep, is clear of easements except for a single sewer main that angles through the mid-section, and sits among established unit complexes and medical suites-an ideal canvas for townhouses, apartments or healthcare accommodation (STCA).

While you finalise plans, an original high-set Queenslander-currently leased at $500 pw until 25 September 2025-delivers holding income. The home is tired but serviceable, offering a huge central living area, basic galley kitchen and 6 small bedrooms plus a larger main, making it suitable for budget rentals or staff housing until redevelopment begins.

At a glance
• 1,012 m² Residential B allotment (≈20 m × 50 m) in the CBD–Hospital precinct
• Medium–high density zoning: townhouse, unit or medical project potential (STCA)
• Single sewer main on slight diagonal; otherwise a clear, level building site
• Walk 250 m* to Friendly Society Hospital, 600 m* to rail station, 900 m* to CBD; footbridge nearby for easy access to Hinkler Central
• Existing high-set Queenslander: 7 bedrooms, large lounge with fretwork, basic kitchen, 1½ bathrooms, laundry underneath
• Under-house parking for 2 vehicles; fully fenced 1,012 m² yard
• Returning $500 pw; lease in place to 25 Sep 2025-income while DA is pursued
• Rare "buy now, develop later" holding in a proven rental and medical corridor
• Information Memorandum, sewer plan and building & pest report available on request

Development-grade land with income this close to the city seldom surfaces. Contact us today for the IM and to walk the site at 45 Electra Street-secure your next project before the market catches on.

*Distances approximate

Next inspections

View by appointment

Key details
Land size (approx.) 1012 m2

Obtain a rental appraisal for this property from a property manager expert

Let’s go get your home.

This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
Subscribe to the McGrath Newsletter.
Register to receive pre market opportunities
Terms and Conditions and Privacy Policy(Required)

Testimonials

What our clients saY about us

Own a similar property?

Whether or not you are thinking of selling, having your home appraised can be a great way of understanding the local market.

Start your property appraisal

Find the right loan for you

At Oxygen Home Loans, we work for you, not the banks, and pride ourselves on quality advice.

FIND THE RIGHT LOAN FOR ME