There isn’t another opportunity like this! Located on the renowned Margate waterfront, 67 Margate Parade stands as the investment of a lifetime.
Unrivalled Waterfront Location:
– Absolute Waterfront Setting: Overlooking uninterrupted Moreton Bay views and directly opposite the sandy Margate Beach and its scenic boardwalk.
– Prime Corner Block: Set on a 771m² lot with dual street frontages, every unit enjoys abundant natural light and a taste of the sparkling bay.
– Lifestyle & Convenience: Just a short stroll to the vibrant Margate Village – where boutique cafés, charming shops, and parklands complement a serene coastal lifestyle.
Exceptional Investment & Rental Potential
– Six-Unit Multi-Residency: Comprising five 2-bedroom townhouses and one expansive 3-bedroom unit, each designed to capture refreshing sea breezes and panoramic vistas.
– Robust Rental Income: Fully leased to quality, long-term tenants. With a current yield benchmarked around $150,000 per year, plus the market’s median rent at approximately $510 per week, there’s clear potential for enhanced income with minimal upgrades.
– Low Vacancy & Upside: Margate’s rental demand is booming, with vacancies virtually non-existent. Smart, modest improvements could unlock premium rental rates almost immediately.
Solid Construction & Timeless Quality
– Durable Brick & Block Build: Constructed in enduring double brick and concrete block, ensuring low maintenance and resilience against coastal elements.
– Hassle-Free Investment: No lifts, pools, or complex systems to manage. Enjoy the peace of mind that comes with a well-built, easily maintained asset.
– Versatile Appeal: The boutique complex’s thoughtful design – featuring internal laundries, dedicated carports, and individual entries – attracts a wide range of tenants, from young professionals to retirees.
Strong Capital Growth & Future Development Potential
– High Demand & Rising Values: Margate’s coastal property market is experiencing significant appreciation. Waterfront land, especially with multiple income streams, consistently outperforms the broader market.
– Development & Redevelopment Options: With a sizeable corner allotment, the property offers tantalising possibilities for luxury apartment redevelopment or further value-add strategies, such as individual strata-title sales.
– Future-Proof Investment: Whether you choose to hold for income, modernise for premium rentals, or redevelop into a landmark project, this asset is positioned to generate long-term wealth.
Contact our team today for a confidential viewing and detailed information memorandum. Seize this unique opportunity to secure THE trophy asset in one of North Brisbane’s most sought-after waterfront locales.
