Sold
18-20 Webb Street,
Margate 4019, Queensland
Price withheld
Whole Complex of 8 Brick Units + Retail Tenancy | 1,455m²* Development Site
• Solid block of brick construction 8 x 2 bedrooms, 1 x bathroom units and further brick retail tenancy offering 70m²* of lettable area
• Estimated Market income of $227,200 pa*
• Strong long term occupancy rates
• Expansive 1,455m²* development site zoned General Residential (Next Generation Neighbourhood)
• Low site coverage offering development potential
• Permissible building height limit of 12m*with scope to increase
• Positioned one block behind the Moreton Bay shoreline, offering potential north eastern views of the Bayside
• Level flood free block with 33.50m* of street frontage
• Highly sought rock-solid brick construction, offering a low maintenance investment with significant rental upside or strata and sell down potential
• Proximity to key Amenities: Only 100m* to Margate Beach, and walking distance to Humpybong State School, 700m* to Woolworths Margate, local medical centre, ancillary retail & Langdon Park
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• 30kms* north from Brisbane CBD
• Huge rental upside
• Scope to develop the rear section while maintaining the existing improvements
*Approximately
• Estimated Market income of $227,200 pa*
• Strong long term occupancy rates
• Expansive 1,455m²* development site zoned General Residential (Next Generation Neighbourhood)
• Low site coverage offering development potential
• Permissible building height limit of 12m*with scope to increase
• Positioned one block behind the Moreton Bay shoreline, offering potential north eastern views of the Bayside
• Level flood free block with 33.50m* of street frontage
• Highly sought rock-solid brick construction, offering a low maintenance investment with significant rental upside or strata and sell down potential
• Proximity to key Amenities: Only 100m* to Margate Beach, and walking distance to Humpybong State School, 700m* to Woolworths Margate, local medical centre, ancillary retail & Langdon Park
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• 30kms* north from Brisbane CBD
• Huge rental upside
• Scope to develop the rear section while maintaining the existing improvements
*Approximately
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Contact James Hanley
Contact James Hanley
James Hanley
18-20 Webb Street, Margate QLD 4019
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James Hanley
18-20 Webb Street, Margate QLD 4019