This exceptional property, located at 36 Albert Street, Margate, offers a fantastic investment opportunity with its three fully self-contained units returning $1230 per week. Set on a generous 506m² block, this property is positioned East of Oxley Avenue, just a short 400m stroll from the beautiful Margate Beach. Each unit is designed for independent living, providing a desirable rental return and making it ideal for investors or those seeking a multi-generational living arrangement. Every unit has been completely upgraded, featuring brand-new kitchens, stylish bathrooms, fresh flooring, and a sleek new paint job, ensuring a contemporary and low-maintenance living experience. These renovations not only enhance tenant appeal but also allow for premium rental returns.
Unit 1 Featuring:
• 2 Bedrooms 1 Bathroom on the second floor
• $450 Rent per week
• New commercial grade waterproof clip lock flooring
• Renovated kitchen with new appliances, newly renovated bathroom
• Airconditioning in the main bedroom
• Closed in balcony with a personal laundry
• Front and rear stair access
• Ceiling fans in the living area
• 2x Custom built in wardrobes
Unit 2 Featuring:
• 1 Bedroom 1 bathroom on the ground level
• $380 Rent per week
• Newly renovated kitchen with a combination laundry
• Renovated bathroom
• New commercial grade waterproof clip lock flooring
• 2x Custom built in wardrobes
Unit 3 Featuring:
• 1 Bedroom 1 bathroom on the ground level
• $400 Rent per week
• New commercial grade waterproof clip lock flooring
• Renovated kitchen with new appliances
• Additional storage area
• Rear access to an undercover deck and patio area
• Bathroom and laundry combination
• 1x Custom built in wardrobe
Additional Features:
• 506m2 Block with dual side access
• $1230 rental return per week = $63,960 per annum
• All renovated bathrooms have new toilets and modern showers, 3 coat wet seal in all wet areas with designer black tap ware and fittings in bathrooms
• All kitchens renovated with custom cabinetry and pantrys with laminated bench tops, tiled splash backs installed with stainless steel gas cook tops on bottled gas
• New commercial grade waterproof clip lock flooring in all dining and living areas
• New blinds throughout
• New power points throughout and coax for the TVs installed
• All new plumbing was installed throughout the building
• New light fitting and fixtures installed in all flats
• Solar external lighting added for safety and security
• Shared fire pit area
• NBN is available in all flats
• Separate meters for each flat to measure electricity consumption
• Spacious storage shed
• Outdoor tiled BBQ and entertainment area
The prime location of 36 Albert Street is one of its standout features. Nestled East of Oxley Avenue, this property is just a 400m walk to the stunning Margate Beach, offering easy access to the serene coastline and waterfront lifestyle. For added convenience, Margate Village Shopping Centre is a mere 800m away, providing an array of shops, supermarkets, and amenities. Families will appreciate the short 500m walk to Humpybong State School, making school drop-offs a breeze. This central location combines the best of coastal living with close proximity to essential services, making it highly appealing to tenants and residents alike.
