14 Margaret Street
Scarborough, QLD 4020

Overview

Luxury Home with Income - Tri level home plus 2 registered flats!

Located in the prestigious seaside suburb of Scarborough, this exceptional seven-bedroom, seven-bathroom residence offers a unique blend of luxurious family living and investment potential. Spanning an expansive 438 square meters, the property is thoughtfully designed to accommodate a large family while also providing income-generating opportunities through two registered flats.

The main home is arranged over three levels, each offering distinct living spaces and amenities. The penthouse level features a spacious bedroom complete with an ensuite and built-in robe. This level also includes an open-plan living and dining area alongside a chef's kitchen, all opening onto a northeast-facing deck that captures stunning views of Moreton Bay and the surrounding islands. High-quality finishes such as polished hardwood floors and premium fixtures enhance the sophisticated ambiance.

The middle level serves as the main foyer and provides access to two separate units as well as stairs leading to additional studios below and the penthouse above. This level includes a communal office or internet café area and a shared deck with glimpses of the sea. Unit 2 is a large bed-sit with its own ensuite, kitchenette, and storage cupboard, offering direct access to a private patio. Unit 3 similarly features a spacious bed-sit layout with an ensuite and kitchenette.

The lower level houses communal laundry facilities and access to the rear pathway and clothesline area. Studios 4 and 5 are located here, each with their own ensuite and kitchenette, plus space for living and dining. These studios provide comfortable and self-contained living quarters.

In addition to the main home, the property includes two registered flats, each with separate bedrooms, living and dining areas, and fully equipped kitchens. Both flats benefit from private gardens and off-street parking, enhancing their appeal for tenants or guests.

Currently operating as a lucrative Airbnb holiday residence, the property offers flexibility for multi-generational living or continued investment income. The main home can be easily converted back to a large family residence with two income-producing flats. Detailed financial ledgers are available for qualified parties interested in exploring the investment potential further.

Inspection of the property is by appointment only due to tenancy arrangements, with prior notice required. Prospective buyers are encouraged to explore the detailed virtual tour available online to gain a comprehensive understanding of the layout and features.

Scarborough is renowned for its vibrant coastal lifestyle and picturesque surroundings. This property is centrally located to enjoy scenic coastal walks, local markets, and a variety of dining and shopping options. Quality schools and convenient public transport links are nearby, making it an ideal location for families and investors alike.

Within walking distance, residents can access the beach in just one to two minutes, local shops within four to seven minutes, and public transport within one minute. Major shopping centers are a short drive away, including Westfield Chermside approximately 14 to 17 minutes by car. Brisbane Airport is accessible within 35 to 40 minutes, while the Brisbane CBD can be reached in 42 to 48 minutes. The Sunshine Coast is also within a 40 to 55-minute drive, offering a range of recreational and lifestyle opportunities.

Location