Overview
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1246499
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Sold!
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405 Square metres
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348 sqm
Description
LEASED INVESTMENT OPPORTUNITY!
McGees Property are pleased to present a 'once-in-a-lifetime opportunity' to acquire a mixed-use property in the highly sought-after location of 139 Margate Parade, Margate Beach, Redcliffe for Sale.
This unique property, being offered for sale for the first time in 20 years, boasts a prime position on the waterfront with a prominent corner location that makes it truly one-of-a-kind. This property is perfect for investment or repositioning into a bespoke offering with future development upside.
Offering three retail tenancies on the ground floor and two 1st floor residential units the property offers a diversity of income.
Features;
- High exposure corner block of 405m2 overlooking the sparkling waters of Moreton Bay
- Well-presented 348m2 building, over two levels incorporating ground floor retail plus 1st floor residential units and double garage
- Fixed 3% - 3.5% annual rent increases, ensuring future rental growth
- Multiple income streams with two recently commenced commercial leases and a 12 month rental guarantee for the remaining retail tenancy
- Zoning - General residential zoning in "Next Generation Neighbourhood"
The Redcliffe Peninsula is a vibrant coastal community and the proud home of the newest NRL team, the Dolphins, making it an exciting time to invest in this booming area. With a significant trade area catchment, this property presents an incredible opportunity to capitalize on the growth and development of the region.
Whether you are looking to invest in a high potential property or to create your own bespoke space, 139 Margate Parade is must-see. Do not miss out on the chance to acquire this truly special property in the heart of Redcliffe. Presenting an outstanding opportunity to acquire sought-after freehold investment with huge exposure and excellent future upside (STCA)
Please contact the Exclusive Agents Nina Brailey and Justin Clarke for further information.
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