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Overview
This unique property offers a rare investment and lifestyle opportunity through three fully self-contained flats consolidated on a single freehold title, perfectly positioned just a short stroll from Margate's vibrant waterfront and village precinct. Spanning a 506sqm allotment with a substantial 17.6-metre frontage, the site combines coastal convenience with solid returns.
The existing lease agreements provide immediate income, currently yielding a gross rental return of $52,520 per annum with a scheduled increase to $54,080 from October 2026. Each flat maintains a practical layout featuring two bedrooms and one bathroom, ideal for steady tenancy and diverse occupant needs. Leases are staggered through early to mid-2027, allowing flexibility in asset management.
While the interiors reflect their original condition, this characteristic presents an opportunity for value enhancement through renovation, appealing to investors with renovation expertise or vision. Furthermore, the property benefits from General Residential zoning in the Next Generation Neighbourhood Precinct, suggesting potential for future redevelopment subject to council approval.
- Three self-contained flats under one title, enhancing investment efficiency
- Consistent rental income stream with built-in rental escalation
- Opportunity to add value via renovations or potential redevelopment
- Prime coastal location within easy reach of amenity-rich Margate Beach and surrounding facilities
- Access to reputable local schools and essential services within convenient distance
This property suits investors seeking immediate income combined with the potential for capital growth through redevelopment or refurbishment. Its proximity to the beach, shopping, healthcare, and public transport highlights the bay-side lifestyle and practical advantages for tenants or future residents alike.
Local Market Insights
In Margate, Quiet Listings observed 30 new houses entering the market over the last 30 days, down from 40 during the previous 30-day period, with an average advertised asking price of $1,190,833. The property type mix of listed properties is predominantly Houses at 80%, followed by apartments (7%), and home for sales (7%). Ray White was the most active agency in this area, representing 82.9% 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
Margate QLD 4019
Market Insights for Margate QLD 4019
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.
