22 Hardiman Street
Woody Point, QLD 4019

Overview

Rare triple-income investment metres from the waterfront

This exceptional property is a rare triple-income investment opportunity located just 400 meters from the waterfront parklands and sandy beaches, offering uninterrupted views of the nearby islands. Situated on a single 405 square meter block, this multi-flat coastal investment presents a smart and quiet long-term land holding with strong growth potential and renovation upside.

Currently, the property generates an annual income of $58,500, with significant potential to increase value through some required maintenance and updates. Two of the three flats have already been partially renovated, each featuring two bedrooms, one bathroom, an open-plan living, dining, and kitchen area, laundry facilities, and parking for one vehicle.

Built in the post-war era, the property also offers lucrative redevelopment possibilities subject to council approval (STCA). Its prime location east of Oxley Avenue places it close to the water, public transport options, and local shops, making it highly convenient. Additionally, it is only a 25-minute drive to Brisbane Airport, enhancing its accessibility.

Key features of 22 Hardiman Street, Woody Point include:

• Triple-income coastal investment just meters from the waterfront, located east of Oxley Avenue
• A 405 square meter block with approximately 11 meters frontage and 36.9 meters depth
• Current annual return of $58,500 with opportunities to add value through required work
• Three separate flats, each comprising two bedrooms, one bathroom, open-plan living, and parking
• Post-war construction allowing for redevelopment potential (subject to council approval) or continued passive income
• Walking distance to Scotts Point Beach, waterfront parks, bus services, and cafes
• Only 25 minutes to Brisbane Airport and within 4 kilometers of central Redcliffe

This property represents a unique chance to secure a multi-income coastal asset with excellent location benefits and future growth prospects. Buyers are encouraged to conduct their own research to verify all details and potential opportunities.

Location