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

Constructed in the post-war era, the property also offers lucrative redevelopment potential, subject to council approval (STCA). This makes it an attractive option for investors seeking either a passive income stream or a redevelopment project in a highly sought-after coastal location.

The location is superb, positioned east of Oxley Avenue and within close proximity to the waterfront, public transport, and local shops. Additionally, it is conveniently located just 25 minutes from Brisbane Airport, enhancing its appeal for both tenants and future residents.

Key features of 22 Hardiman Street, Woody Point include:

• Triple-income coastal investment just meters from the waterfront, east of Oxley Avenue
• A 405 square meter block with approximately 11 meters frontage and 36.9 meters depth
• Current rental return of $58,500 per annum with potential to add value through required work
• Three flats, each comprising two bedrooms, one bathroom, open-plan living, and parking
• Post-war construction allowing for redevelopment opportunities (STCA)
• 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 investment prospect in a prime coastal location, combining steady income with future growth and redevelopment possibilities. Buyers are encouraged to conduct their own research to verify all information provided.

Location