Sold
36 Ernest Street,
Margate 4019, Queensland
Price withheld
2,534m²* Development Opportunity with Panoramic Moreton Bay Views
Ray White Special Projects Qld are proud to offer to market Ernest and Albert - an outstanding residential development site, positioned in the booming Redcliffe Peninsula with sweeping views over the Moreton Bay. The opportunity comprises three individual dwellings, which are offered to market either Individually, In-One-Line or Any Combination.
Key Highlights:
• Prime Development Site: Expansive 2,534m²* corner allotment with dual frontages - 55metres* to Albert Street and 45metres* to Ernest Street
• Zoning: General Residential - Next Generation Neighbourhood, allowing for up to 75 dwellings per hectare (STCA^)
• Building Height: Code-assessable height of up to 12metres*, with potential for increased height subject to council approval^
• Holding Income: Currently generating gross holding rental income of $85,280* per annum (contact agent for further details)
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• Proximity to Key Amenities: Only 170metres* to Scotts Point & Margate Beach, and short walking distance to Humpybong State School, Woolworths Margate, Langdon Park, and local community facilities
• Ideal Development Potential: Potential for premium apartments, townhouses or small lot housing, leveraging the elevated topography and expansive bay views
Existing Improvements include:
16 Albert Street - Improved with a 2 storey residential dwelling comprising 3 bedrooms, 1 bathroom, and a single-car garage
36 Ernest Street - Improved with a substantial 2 storey residence offering 7 bedrooms, 2 bathrooms, and double lock up garage
42 Ernest Street - Improved with a well-maintained 2 storey home featuring 2 bedrooms, 1 bathroom, and a single-car garage
*Approximately
^Subject to Council Approval
Key Highlights:
• Prime Development Site: Expansive 2,534m²* corner allotment with dual frontages - 55metres* to Albert Street and 45metres* to Ernest Street
• Zoning: General Residential - Next Generation Neighbourhood, allowing for up to 75 dwellings per hectare (STCA^)
• Building Height: Code-assessable height of up to 12metres*, with potential for increased height subject to council approval^
• Holding Income: Currently generating gross holding rental income of $85,280* per annum (contact agent for further details)
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• Proximity to Key Amenities: Only 170metres* to Scotts Point & Margate Beach, and short walking distance to Humpybong State School, Woolworths Margate, Langdon Park, and local community facilities
• Ideal Development Potential: Potential for premium apartments, townhouses or small lot housing, leveraging the elevated topography and expansive bay views
Existing Improvements include:
16 Albert Street - Improved with a 2 storey residential dwelling comprising 3 bedrooms, 1 bathroom, and a single-car garage
36 Ernest Street - Improved with a substantial 2 storey residence offering 7 bedrooms, 2 bathrooms, and double lock up garage
42 Ernest Street - Improved with a well-maintained 2 storey home featuring 2 bedrooms, 1 bathroom, and a single-car garage
*Approximately
^Subject to Council Approval
Explore the area
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Video
Contact Mark Creevey
Contact Mark Creevey
Mark Creevey
36 Ernest Street, Margate QLD 4019
Request a callback
Mark Creevey
36 Ernest Street, Margate QLD 4019