This outstanding investment property at 11a Margate Parade, Margate, offers a rare opportunity with three fully self-contained units delivering excellent returns in a stunning coastal setting. Set on a generous 503m² block along Margate Parade’s waterfront street, this property is just steps from the scenic Margate Beach. Each unit is thoughtfully designed for independent living, making it perfect for investors seeking high rental yield or multi-generational families who value both privacy and coastal proximity. Enjoy the best of seaside living with incredible versatility and income potential.
Unit 1 Property Features:
• 3 bedroom, 1 bathroom, 1 car garage
• Ground floor
• Weekly rent: $460
• Spacious open-plan lining and dining
• Undercover front deck
• Separate laundry
• Build in wardrobes
Unit 2 Property Features:
• 3 bedroom, 1 bathroom, 1 car garage
• Weekly rent: $400
• Ocean views
• Separate laundry
• Front and rear stair access
• Undercover front deck
• Built-in wardrobes
Unit 3 Property Features:
• 3 bedrooms, 1 bathroom, 1 car garage
• Weekly rent: $420
• Ocean views
• Front stair access
• Undercover front deck
• Built-in wardrobes
Additional features:
• 503m2 Block with dual side access
• Waterfront Street (50m walk to the beach)
• $1280 rental return per week = $66,560 per annum
• All new plumbing was installed throughout the building
• Separate meters for each flat to measure electricity consumption
• Individual Spacious garages with enough room for storage
• Solar
• Waterviews
• Renovation potential
• Communal undercover entertaining space
Nestled in the heart of Margate along the stunning coastline this property offers effortless access to a wealth of local amenities, schools, and entertainment options. Just a short walk away, you’ll discover a treasure trove of popular attractions, including the vibrant Redcliffe Sunday Markets, the serene Suttons Beach Park, The Komo, Sunnies Rooftop Bar, the relaxing Redcliffe Lagoon, The Belvedere, and an array of dining and shopping venues. This represents a rare opportunity to secure your own slice of paradise and a lifestyle that’s unmatched!
Brisbane CBD – 31km
Brisbane Airport – 25km
