FOR SALE
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24 Sixth Avenue
Sandgate QLD 4017

Bedrooms: 8
Bathrooms: 5
Car spaces: 5
Land area: 1012m2
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BLUE CHIP INVESTMENT OPPORTUNITY BLOCK OF 5 FLATS ON 1,012sqm - A BAYSIDE GEM

****This property is available and an information memorandum is available for genuine buyers. Please contact Joshua Waters to register for one of the upcoming private inspections.****
Act fast to secure this incredible investment opportunity, which comprises a block of 5 flats positioned within just minutes of the vibrant Sandgate foreshore, shops and transport links.
Situated on a large 1,012sqm block, with its potential for significant value growth and the ability to generate a strong cash flow, this investment promises substantial returns for one lucky buyer. Whether you're looking to hold, improve or explore redevelopment options, this property presents the perfect opportunity to add to your portfolio.
The complex features 5 units (3 x 2 bedroom & 2 x 1 bedroom) all separately leased and provides a total current gross rent of approximately $101,660 per annum with potential for further income enhancement through upcoming lease renewals and cosmetic updates.
Each unit is very neat and tidy and has undergone cosmetic updates to ensure they are very attractive to the rental market. The units are separately metered and feature air-conditioning.
Sandgate is a highly sought-after bayside suburb, offering a relaxed lifestyle with the perfect blend of community spirit and modern convenience. Situated just 200m from the stunning Sandgate foreshore, residents enjoy easy access to waterfront parklands, scenic walking and bike paths, as well as a variety of local caf�s and restaurants. The vibrant Sandgate business district is only 150m away, providing all the essential services within arm's reach. Public transport is incredibly accessible, with Sandgate Train Station just a 10-minute walk (700m) away and bus stops at the end of the street. Families will appreciate the proximity to both public and private schools, while commuters benefit from quick access to the M1 for travel to Brisbane City, the Airport, or the Sunshine and Gold Coasts.
Opportunities like this rarely become available and are never on the market for long.
To discuss this opportunity further or to arrange your inspection, please contact JOSHUA WATERS.

Property Details for 24 Sixth Ave, Sandgate

24 Sixth Ave, Sandgate is a 8 bedroom, 5 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 1012m2. The place is currently for sale with LJ Hooker Aspley | Chermside.

Building Type
BlockOfUnits
Land Size
1012m2

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About Sandgate 4017

The size of Sandgate is approximately 3.2 square kilometres. It has 12 parks covering nearly 40.3% of total area. The population of Sandgate in 2011 was 4,625 people. By 2016 the population was 4,893 showing a population growth of 5.8% in the area during that time. The predominant age group in Sandgate is 40-49 years. Households in Sandgate are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sandgate work in a professional occupation. In 2011, 59.4% of the homes in Sandgate were owner-occupied compared with 60.9% in 2016.

Sandgate has 2,330 properties. Over the last 5 years, Houses in Sandgate have seen a 93.29% increase in median value, while Units have seen a 109.34% increase. As at 31 October 2024:

  • The median value for Houses in Sandgate is $1,274,990 while the median value for Units is $818,314.
  • Houses have a median rent of $650 while Units have a median rent of $450.
There are currently 25 properties listed for sale, and 10 properties listed for rent in Sandgate on OnTheHouse. According to CoreLogic's data, 82 properties were sold in the past 12 months in Sandgate.

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Joshua Waters
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LJ Hooker Aspley | Chermside
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