• 1,533 m2Area
  • 15Bedrooms
  • 7Bathrooms
  • 7Garages

MARGATE’S BEST DEVELOPMENT OPPORTUNITY – FANTASTIC MARGATE BEACH LOCALE !

We are delighted to offer this 1533m² (3 lot) property in this highly sought after Peninsula precinct.

Situated in an elevated, peaceful location, the parcel covers a level 33m  x 45m area with two street access, providing a golden opportunity to transform this site into a magnificent complex.  The property boasts a location on the doorstep to Moreton Bay and an easy stroll to Woolworths, local bars, restaurants and public transport.

Consisting of 6 fully rented flats over 3 separate blocks plus a separate house,  consistent rental returns of $ 96,720 annually are assured.  This makes for an excellent long term investment – with huge development potential.

This exceptional opportunity offers immediate benefits and the scope to develop for future generations to enjoy.  The jewel in any astute developer’s crown.

Call now for your personal inspection (07) 3880 4311 (24 hour hotline).

  • Air Conditioning
  • Alarm
  • Balcony
  • Big Backyard
  • Built-In's
  • Canal Ramp
  • Close to shops
  • Clothes dryer
  • Courtyard
  • Deck
  • Dishwasher
  • Ducted Air
  • Entertainment Area
  • Fireplace
  • Floorboards
  • Fully Fenced
  • Gas hot water
  • Intercom
  • Near Redcliffe Hospital
  • Outdoor Entertaining Area
  • Polished Timber Floors
  • Remote Garage
  • Rumpus Room
  • Secure Park
  • Shed
  • Side Access
  • Solar heating for swimming pool
  • Solar Hot Water
  • Solar Panels
  • Spa-Bath
  • Split System Air Conditioning
  • Stainless Steel Appliances
  • Study
  • Study nook
  • Swimming Pool
  • Water Tank
  • Water views
  • Workshop