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“MARGATE FLATS - WALK TO BEACH”
Are you searching for your ideal investment opportunity while thinking about relocating to the beautiful Redcliffe Peninsula in the ever popular suburb of Margate, where you can walk to the beach enjoy coffee with friends and take in the café waterfront lifestyle.
Well look no further 18 Bank Street Margate is the ideal opportunity for the astute buyer.
Currently having 2 registered flats on this 407m2 parcel of land with great tenants in place is an ideal starting point.
Flat 1 upstairs is currently tenanted till July 2023 paying $320 per week , which consists of 2 bedrooms, separate living and spacious kitchen, bathroom consists of a shower over bath combination with a separate toilet. There is an enclosed sunroom for extra space to have has a sitting room or home office and plenty of flited light and windows to take advantage of those Moreton Bay sea breezes.
Flat 2 Ground floor, is a tidy and spacious 2 large bedrooms ,separate kitchen with ample bench space and cupboards a combined, living and dining area with a sun-room and direct access to the backyard. The flat has a great sized bathroom with a Shower and storage area. Currently tenanted at $275.00 per week till January 2023
There is side access to the rear of the property that leads to a double Carport that accommodates 2 cars for your tenants.
The land size is 407m2, and is a fantastic location to build your new home down the track or keep the flats and renovate them to reap higher returns with 0% vacancy rate in the current rental market.
Weekly return of $595 per week.
Council rates are $846 per quarter
Unity water aprox $788 per quarter
Properties like these in Margate are highly sought after and this property will not last long. Whether your looking for your investment property or a place to build your new home.
Contact Leisa Lowe now from Jan Jones Real to organise your inspection.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Property Code: 1838