OPEN HOME THIS SAT: 17/05/2025 2:15 AM - 11:45 AM
Astute developers and savvy unit block investors – this is your chance to secure a rare, high-potential site in a premium Margate location. Spanning a substantial 1,569 sqm across two adjoining lots, this property comprises 7 well-maintained units, each featuring:
• 2 bedrooms
• 1 bathroom
• 1 garage
Nearby (Approximate):
• 1 mins walk to bus stop
• 2 mins drive to Margate Village Shopping Centre
• 2 mins drive to Redcliffe Botanic Garden
• 3 mins drive to Margate Beach
• 3 mins drive to Redcliffe Hospital
• 3 mins drive to Southern Cross Catholic College
• 4 mins drive to Clontarf Beach State High School
• 5 mins drive to Kippa-ring Shopping Centre
• 6 mins drive to Kippa-Ring Railway Station
• 6 mins drive to highway access
Key Highlights:
• Attractive Holding Income: Currently generating an estimated annual rental return of $150,000–$160,000.
• Prime Development Potential: Slightly elevated and mostly level block, ideal for redevelopment in a highly sought-after coastal pocket.
• Outstanding Location: Just moments from Suttons Beach, Kippa-Ring Railway Station, shopping centres, and schools, ensuring ongoing tenancy demand and high occupancy.
________________________________________
🏡 Value-Add Possibilities
1. Airbnb / Short-Term Rental Conversion
Each unit features a self-contained layout, ideal for conversion into boutique holiday rentals. With the beachfront just minutes away, this location is perfectly positioned to capture Margate's growing visitor market and increase rental yields.
2. Redevelopment or Subdivision
A rare chance to redevelop or subdivide (STCA) a large, flat coastal landholding. Options may include high-end townhomes, boutique apartments, or multiple detached residences, capitalising on strong buyer demand in this thriving seaside suburb.
Subject to council approval, the site may also be subdivided into multiple lots for staged development or sale.
3. Childcare or Community Facility Potential
With a generous land size, excellent access, and a central location, the property is well-suited for development into a childcare centre, medical practice, or other much-needed community infrastructure – especially in a suburb popular with families and young children.
Our long-term owners are motivated to sell, presenting an unmissable opportunity to add this high-performing, high-potential asset to your portfolio.
📞 Contact Daniel Li on 0412 571 666 for detailed tenancy information and outgoings.
Don't Miss Out
Properties offering this unique blend of holding income, redevelopment potential, and strategic location are incredibly rare. Whether you're an investor, developer, or visionary business owner – act now to secure this one-of-a-kind site in Margate.
Disclaimer: All information contained herein is gathered from sources we consider reliable; however, we cannot guarantee its accuracy. Interested parties must rely on their own enquiries. If the property is being sold via auction or without a specified price, the website may have applied a price filter for functional purposes.
View more
View more
