Sold
300 Oxley Avenue,
Margate 4019, Queensland
$3,000,000
Property details
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Agents
Prime retail investment with development upside
An exceptional opportunity to secure a tightly held retail strip complex in the heart of Margate - a location rapidly emerging as the epicentre of new residential and mixed-use development projects, all capitalising on the stunning backdrop of Moreton Bay.
Comprising 12 retail shops, the property is currently generating a holding income of $191,713.82 gross per annum*, with upside available through leasing the two remaining vacancies. This steady cash flow provides a solid income stream while you plan for the site's long-term development.
With a generous 21-metre build height limit, the property offers a significant future redevelopment opportunity, ideally positioned to take advantage of Margate's ongoing transformation and growth.
Key Features:
• Retail strip complex with 10 tenancies across 12 shops
• Returning $191,713.82 gross per annum with further upside
• Two street access for greater flexibility
• Significant future redevelopment potential with 21m build height limit
• Positioned in the heart of Margate, the hub of new residential projects
• Walking distance to Margate Beach and overlooking Moreton Bay
A rare opportunity to acquire a high-performing retail investment with strong holding income and long-term development prospects in one of Redcliffe Peninsulars fastest-evolving precincts.
To learn more about this exclusive investment opportunity, arrange an inspection or receive a copy of the compressive due diligence pack, please contact exclusive marketing agents Aaron Canavan or Omar Elsayed.
*approximate
Comprising 12 retail shops, the property is currently generating a holding income of $191,713.82 gross per annum*, with upside available through leasing the two remaining vacancies. This steady cash flow provides a solid income stream while you plan for the site's long-term development.
With a generous 21-metre build height limit, the property offers a significant future redevelopment opportunity, ideally positioned to take advantage of Margate's ongoing transformation and growth.
Key Features:
• Retail strip complex with 10 tenancies across 12 shops
• Returning $191,713.82 gross per annum with further upside
• Two street access for greater flexibility
• Significant future redevelopment potential with 21m build height limit
• Positioned in the heart of Margate, the hub of new residential projects
• Walking distance to Margate Beach and overlooking Moreton Bay
A rare opportunity to acquire a high-performing retail investment with strong holding income and long-term development prospects in one of Redcliffe Peninsulars fastest-evolving precincts.
To learn more about this exclusive investment opportunity, arrange an inspection or receive a copy of the compressive due diligence pack, please contact exclusive marketing agents Aaron Canavan or Omar Elsayed.
*approximate
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Contact Aaron Canavan
Contact Aaron Canavan
Aaron Canavan
300 Oxley Avenue, Margate QLD 4019
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Aaron Canavan
300 Oxley Avenue, Margate QLD 4019