Sold
House

9A Margate Parade MARGATE, QLD 4019

Sold for $735,000 on 3 Feb 2014
  • 9 Beds
  • 3 Baths
  • 3 Cars
Office

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House in MARGATE

3 x 3 BED UNITS, WATERFRONT, $940.00 PW RETURNS

  • 9 Beds
  • 3 Baths
  • 3 Cars

This is a fabulous opportunity for astute purchaser's to capitalise on a fantastic location and secure an excellent investment with excellent low risk returns.

The investor's dream, a property that provides a great rental return and located in a highly sought after waterfront location, 50m from Margate Beach! Consisting of 3 separate units with long term tenants in place, all properties have been well maintained with 2 being recently renovated throughout (depreciation available), the third property is in excellent original condition.

Margate Beach across the road
Water views from top floor properties
Total income of $940.00 per week
3 x 3 bedroom units
Open plan design
5 KW Solar panels (potential increase to returns)
Good storage throughout all
2 properties have been renovated
Single garage for each property
Opportunity to increase returns

The multi-million dollar Margate Beach re-development and Beach side Park project was completed in early 2013 and is located across the road from this property.

Please contact Stephanie Williams for further details on 0419 030 883 and to arrange an inspection of these properties.

Land:

503m² / 0.12 acres

Bedrooms:

9

Bathrooms:

3

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Suburb

MARGATE

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