45 Margate ParadeMargate QLD 4019
Property Details for 45 Margate Pde, Margate
45 Margate Pde, Margate is a 14 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1970. The property has a land size of 675m2 and floor size of 442m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (February 2021)
How rare is this!!! Situated right on the waterfront of the gorgeous Margate Beach is this sensational investment opportunity that if you let it slip by, how long will you need to wait for a similar opportunity?
6 units in total ( 4 x 2 bedroom and 2 x 3 bedroom ) situated on a 675m2 prime waterfront block of land.
All units have been extremely well maintained and have been modernised accordingly when leases have become available, new kitchens and appliances, floor coverings, air conditioning and hot water systems are just some of the recent renovations that have been done with more information available in the Information Memorandum on request.
All units are fully tenanted with a great group of tenants which is currently returning $103,480 per annum. All of the residents really take pride in their little community and simply love the waterfront lifestyle!!!
This is certainly a very rare opportunity for an investor to secure a waterfront multi-unit dwelling in such a sought after location.
Call or email Matt Burton today to receive the Property Information Memorandum and organise your private appointment today!!!
Property History for 45 Margate Pde, Margate, QLD 4019
- 14 Dec 2020Sold for $1,825,000
- 26 Aug 2020Listed for Sale Offers Over $1,850,000
- 13 Nov 2019Listed for Rent - Price not available
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About Margate 4019
The size of Margate is approximately 2.6 square kilometres. It has 12 parks covering nearly 6.8% of total area. The population of Margate in 2011 was 7,007 people. By 2016 the population was 7,390 showing a population growth of 5.5% in the area during that time. The predominant age group in Margate is 40-49 years. Households in Margate are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation. In 2011, 51.2% of the homes in Margate were owner-occupied compared with 53.2% in 2016.
Margate has 4,136 properties. Over the last 5 years, Houses in Margate have seen a 77.43% increase in median value, while Units have seen a 83.46% increase. As at 30 September 2024:
- The median value for Houses in Margate is $813,068 while the median value for Units is $708,289.
- Houses have a median rent of $580 while Units have a median rent of $480.
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