Positioned just moments from the foreshore and the pristine shoreline of Margate Beach, this contemporary dual-key residence at 1 Boyce Street, Margate presents an exceptional opportunity to secure a high-performing investment within the highly sought-after Redcliffe Peninsula precinct.
Constructed circa 2019, the property comprises two fully self-contained dwellings on a single title, delivering a strong combined rental return of $1,070 per week. With excellent depreciation benefits and broad appeal to both investors and extended family living arrangements, this is a versatile and rewarding acquisition.
Dwelling One – Spacious Two-Storey Family Home
Currently leased at $650 per week until January 2027
Thoughtfully designed for modern living, the primary residence offers generous proportions across two levels. The ground floor features a contemporary galley-style kitchen complete with stone benchtops, stainless steel appliances, and a dishwasher, seamlessly connecting to the open-plan living and dining area with air-conditioning. A separate laundry, linen storage, and additional internal storage enhance functionality on this level.
Upstairs, the spacious master suite includes a built-in robe, private ensuite, and air-conditioning. Three additional bedrooms, each with built-in robes and ceiling fans, are serviced by a well-appointed family bathroom.
Additional features include a single lock-up garage with internal access, a covered alfresco entertaining area, and a fully fenced private yard ideal for children and pets.
Dwelling Two – Modern Low-Set Unit
Currently leased at $420 per week until June 2026
Privately positioned, the second dwelling offers a low-maintenance lifestyle with quality finishes throughout. It features an open-plan living and dining area with air-conditioning, a modern kitchen with dishwasher, and a generously sized bedroom complete with built-in robe and ceiling fan. A combined bathroom and laundry, along with a private tiled alfresco and spacious courtyard, complete the package.
Key Features:
– Dual-income stream returning $1,070 per week
– Modern construction with quality inclusions
– Secure tenancies providing immediate income
– Low-maintenance 410m² allotment
– Convenient location close to beaches, shops, schools, and public transport
– Turn-key Set and Forget (given both sides are fully leased with great tenants)
Offering a compelling combination of strong rental yield, modern design, and an enviable coastal lifestyle, this dual-key property represents a rare opportunity in a tightly held market. Whether you are expanding your investment portfolio or seeking a flexible living solution, this is an asset that delivers both immediate returns and long-term growth potential.
For further information or to arrange an inspection, please contact Mark Rumsey.
