18A Margate Parade

Margate QLD 4019

RARE OPPORTUNITY TO BUY A MULTIPLE INCOME PROPERTY ON 1,012M2 ON 2 LOTS THIS CLOSE TO THE WATER. THIS IMPRESSIVE PROPERTY PACKAGE IS JUST 50 METRES FROM THE MARGATE BEACH AND COMPRISES 4 DWELLINGS, INCLUDING MARGATE BEACH HOUSE AND MORETON BAY COTTAGES.COMPRISES:- SINGLE TITLE FREEHOLD PROPERTY COMPRISING 2 EQUAL SIZE LOTS OF 506SQM (TOTAL LAND SIZE 1012SQM)- HIGHSET 1940S HOUSE PLUS 3 COTTAGES SITUATED UP A PRIVATE LANEWAY - ALL FULLY FENCED FOR PRIVACY, AND PET FRIENDLY- ALL WITH WATER VIEWS OF MORETON BAY- ALL RECENTLY RE-WIRED AND NEW PLUMBING, NBN FITTED TO EACH PROPERTY- VERY WELL MAINTAINED AND EXCELLENT TENANTS IN PLACEMARGATE BEACH HOUSE:- 3 BEDROOMS, BATHROOM AND 2 TOILETS - POLISHED BEECH TIMBER FLOORS- POTENTIAL TO RENOVATE AND BUILD IN UNDER AND MAKE THIS YOUR HOME OR ADD INCOME- PRIVATELY FENCED- RECENTLY RENTED AT $470 PER WEEKMORETON BAY COTTAGES:- EACH COTTAGE HAS 2 BEDROOMS, KITCHEN, LOUNGE, BATHROOM, SINGLE CARPORT, PLUS ROOM FOR A 2ND VEHICLE- PRIVATELY FENCED- COTTAGES RENTED ON FIXED LEASES TOTALLING $895 PER WEEK (COTTAGE 1 AT $310; COTTAGE 2 AT $265 & COTTAGE 3 AT $320 PER WEEK)* RATES $1,475 PER QTR (APPROX.)* WATER & SEWERAGE $1,100 PER QTR (APPROX.)BASED ON THE ABOVE FIGURES TOTAL GROSS RENTAL INCOME (INCLUDING THE HOME @ $470 PER WEEK) IS $70,980 P.A.THE BUYER COULD CHOOSE TO RESIDE IN THE HOUSE AND COLLECT THE INCOME FROM THE 3 COTTAGES, FURNISH THE HOUSE AND PLACE ON SHORT STAY / HOLIDAY RENTAL MARKET. THE SELLERS WILL ENTERTAIN PRE-AUCTION OFFERS SO DON?T DELAY AND ENQUIRE NOW.FEATURES INCLUDE: CLOSE TO SCHOOLS,CLOSE TO SHOPS,CLOSE TO TRANSPORT,GARDEN,POLISHED TIMBER FLOOR,TERRACE-BALCONY