18-20 Webb Street Margate, QLD 4019

• Solid block of brick construction 8 x 2 bedrooms, 1 x bathroom units and further brick retail tenancy offering 70m²* of lettable area
• Estimated Market income of $227,200 pa*
• Strong long term occupancy rates
• Expansive 1,455m²* development site zoned General Residential (Next Generation Neighbourhood)
• Low site coverage offering development potential
• Permissible building height limit of 12m*with scope to increase
• Positioned one block behind the Moreton Bay shoreline, offering potential north eastern views of the Bayside
• Level flood free block with 33.50m* of street frontage
• Highly sought rock-solid brick construction, offering a low maintenance investment with significant rental upside or strata and sell down potential
• Proximity to key Amenities: Only 100m* to Margate Beach, and walking distance to Humpybong State School, 700m* to Woolworths Margate, local medical centre, ancillary retail & Langdon Park
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• 30kms* north from Brisbane CBD
• Huge rental upside
• Scope to develop the rear section while maintaining the existing improvements

*Approximately