169 Kate Street

Macleay Island QLD 4184

Enjoy the charm and convenience of the highly sought-after North Island precinct, close to clubs and beaches.

Ground Level is an entertainer's delight. Complete with alfresco dining, expansive decks and great western views. An open floorplan combining modern kitchen and lounge with raked ceilings. Two large bedrooms with en-suites. Stylishly furnished with collectible antiques. Private and quiet with endless breeze. The ground level has been tenanted previously between $495-$550 per week.

The lower level presents a genuine granny flat, dual living opportunity. Single bedroom with en-suite. Combined kitchen and lounge overlooking your private courtyard and expansive garden. Easy separate access with heaps of parking. The lower level has been tenanted previously for $335 per week.

Investment yield - The property has been consistently rented over the last 12 months with a yield of $800 plus per week combining both lelvels. Currently the ground level is tenanted until June 2023.

This property offers a great opportunity with reliable income. In fact with the current plumbing code it would be difficult to build this format of property on your average sized block.

The open plan design throughout captures island living with comfortable natural light in all living spaces, including a spacious deck with water views.

Fully furnished with luxurious stylish Antique and contemporary influences. Beautiful furnishings collected from around the world. Note - some furniture items in the pictures may have be replaced.

Lots of space for multiple car parking, and pet friendly.

New and replacement air conditioners are being installed in March.

Features,

Large luxury bedrooms and ensuites
Air-conditioned with ceiling fans
Genuine approved Granny flat.
Quality appliances
Expansive elevated deck with water views
Alfresco living
Modern kitchen
Separate laundry
BBQ Entertaining
Private courtyard
Double lock up garage
Multiple car spaces
Vege garden
Heaps of internal storage space
Caravan storage available

Contact Robert Zander for a private inspection. 0412 440 187.

THE REDLANDS BAY area, is looking to explode with

Toondah Harbour Development - $1.4 billion development
Weinam Creek Development - rejuvenation of 47,000 square metres of parkland, pedestrian and cycle ways and boat ramp
$37 Million upgrade of all ferry terminals to the islands
Event city for the Canoe Salom events at the Brisbane 2032 Olympic and Paralympic Games.

Macleay Island has a great friendly community and housing is extremely affordable offering an enviable work/life balance lifestyle.

Ferry Terminal Developments

Project update - March 2022
The next stage of the Weinam Creek PDA will be commencing from late May 2022. This follows approval from Economic Development Queensland (EDQ) in December 2021. This next stage will bring vital road infrastructure improvements to Banana Street and create an extension of Hamilton Street, generating a new loop road for better public access to the Marina Ferry Terminal.

The rejuvenation of Weinam Creek is set to create more than 700 jobs and generate almost $30 million for the local economy, as well as deliver much-needed transport upgrades, community services and local jobs.

Redland Investment Corporation (RIC) on behalf of Council is delivering this catalyst project that will transform Redland Bay into a vibrant waterfront precinct with restaurants, cafes, a supermarket, more parking, new walkways and more open space.

RIC on behalf of Council negotiated a land swap agreement with the State Government that saw land at the ferry terminal transferred to Council. This will form part of the Weinam Creek PDA upgrade. In exchange, Council land on Meissner Street was transferred to Queensland Health to use as the site for the satellite hospital, to further support our island and southern Redlands Coast community.

Stage 1 of the project has already delivered more than 500 new parking spaces at Moores Road, new pathways, and a footbridge connecting to the Marina Ferry Terminal

Disclaimer - All information detailed herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries, inspection, and due diligence with appropriate authorities.