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CLOSE TO THE BEACH IN MARGATE

Is this what you have been looking for ?

The new owner will have the choice of restoring these 2 flats to increase both the Return and the Property’s value, or knock it down to build your dream property on the Redcliffe Peninsula.

Close to the Margate Waterfront, the 2 Flats have a return of $405 per week, in their current condition.

Flat 1 upstairs is currently awaiting its new tenant in the next week, has 2 bedrooms, separate living and kitchen,enclosed verandah and would make an ideal renovator to increase your returns. Expected rental return $195 per week.

Flat 2 Ground floor, is semi renovated 2 large bedrooms separate kitchen with combined, living and dining area with a sun-room and direct access to the backyard. Currently tenanted at $210.00 per week.

There is side access to the rear of the property with a Carport that has enough space for 2 cars and storage.

The land size is 407m2, is walking distance to all the amenities and you can smell the salt air with the beautiful breezes.


Call Leisa Lowe to inspect this property.

Features

Smoke Alarms Safety Switch
4 2 2 407 m2
Address 18 Bank Street, Margate
Price SOLD for $403,000
Property Type Residential
Property ID 234
Category House
Land Area 407 m2

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Agent Details

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Leisa Lowe

0438 801 298
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