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Overview
This unique property offers an excellent investment opportunity through a fully leased triplex comprising three self-contained brick residences situated on a substantial 752sqm freehold title at the heart of the Redcliffe Peninsula. Each residence includes two bedrooms, one bathroom, and a single garage, collectively providing a total of six bedrooms, three bathrooms, and parking for three vehicles.
Leases are currently staggered with expirations stretching to 2027, demonstrating a stable income stream with a combined weekly rental yield of $1,390 equating to $72,280 annually. Notably, one unit's rent is scheduled to increase in 2026, affirming potential for future income growth. The rental bonds lodged with the RTA and professional management add further assurance for prospective investors.
The property's scope for strata subdivision subject to council approval offers flexibility for future development or sale options. Positionally, it is conveniently close to transport links including Kippa-Ring Station, shopping facilities at Peninsula Fair, healthcare at Redcliffe Hospital, and recreational assets like the Moreton Bay foreshore and Kayo Stadium. This location also benefits from access to reputable schools such as Hercules Road State School and Clontarf Beach State High within their catchment areas.
- Comprising three brick residences with independent access on a single title
- Each unit contains two bedrooms, one bathroom, and a single garage
- Stable income from fully leased properties with staggered lease terms
- Significant land area providing potential for subdivision (STCA)
- Situated in a prime, well-connected residential neighborhood within the Moreton Bay City Council
This property is especially suited to investors looking for a steady rental return with opportunities for value-add through future subdivision. Its configuration and location make it a rare and compelling offer in the local market, emphasizing both lifestyle convenience and investment potential.
Local Market Insights
In Moreton Bay - North, Quiet Listings observed 12 new units entering the market over the last 30 days, down from 16 during the previous 30-day period, with an average advertised asking price of $834,917. The property type mix of listed properties is predominantly Houses at 77%, followed by land (5%), and home for sales (4%). Ray White was the most active agency in this area, representing 57.8% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Kippa-ring QLD 4021
Market Insights for Kippa-ring QLD 4021
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
