1&2/1 Grace Street
Scarborough, QLD 4020

Overview

High-Yield Dual Living Opportunity in a Blue-Chip Coastal Growth Corridor!

Positioned in one of the Peninsula's most tightly held and consistently performing pockets, this property presents a unique opportunity to acquire a modern dual-income residence designed for long-term growth, strong returns, and effortless ownership. The property combines a well-appointed three-bedroom main residence with a fully self-contained one-bedroom granny flat, purpose-built for investors seeking reliable income with minimal ongoing maintenance.

Set on a low-maintenance 405 square meter allotment, the home offers flexibility for dual tenancies or multi-generational living. It is conveniently located within minutes of the Scarborough waterfront, Newport waterways, and the vibrant café and marina precincts that continue to drive demand in this sought-after location.

The property currently achieves a combined rental income of $990 per week, with the main residence generating $530 per week and the granny flat $460 per week. This provides an immediate and secure income stream in a high-demand rental market. Leases are due for renewal in July and August, offering potential for future rental adjustments.

This investment is ideal for those looking to expand their portfolio or secure a high-performing asset in a proven growth corridor. The property ticks all the boxes for a smart, future-focused investment.

Property Features:

• 405 square meter allotment in a high-demand coastal location
• Contemporary lowset brick construction
• Purpose-built dual living layout, ideal for investors or extended families
• Low maintenance design with modern finishes throughout
• Strong rental return with established tenancies

Main Residence (3 Bedrooms):

• Three well-sized bedrooms with built-in wardrobes, master featuring a walk-in robe
• Private ensuite to the master bedroom
• Modern kitchen with stone benchtops and quality appliances including cooktop, oven, rangehood, and dishwasher
• Open plan living and dining areas flowing seamlessly to the outdoor entertaining space
• Main bathroom with separate toilet for added functionality
• Covered outdoor entertaining and BBQ area suitable for year-round use
• Fully fenced private courtyard providing security and privacy
• Remote lock-up garage with internal access

Granny Flat (1 Bedroom):

• Fully self-contained and thoughtfully designed for excellent separation and privacy
• Spacious bedroom with built-in robe
• Open plan kitchen, living, and dining area
• Modern kitchen with quality appliances including dishwasher
• Two-way bathroom with integrated laundry
• Private, fully fenced courtyard
• Remote garage with internal access
• Separate living zone ideal for independent tenancy

Extras:

• Air-conditioning throughout to ensure year-round comfort
• Ceiling fans installed in both dwellings
• Water compliant, maximizing investment efficiency

Location:

• Moments to Scarborough waterfront, marina, and café precinct
• Close proximity to Newport waterways, parks, and walking tracks
• Walking distance to local schools, shops, and public transport
• Easy access to Redcliffe CBD and surrounding lifestyle hubs
• Short drive to major shopping centres including Kippa-Ring
• Approximately 30 minutes to Brisbane Airport

This property offers a rare combination of lifestyle, convenience, and investment potential in a highly sought-after coastal area. It is an excellent choice for investors or families seeking a versatile home with dual living options.

Disclaimer: The information provided has been prepared with care to ensure accuracy. However, prospective purchasers should conduct their own enquiries to verify all details contained in this description.

Location