119 CHANNEL STREET, Russell Island, Qld 4184 - More Details
$770,000
Imagine relaxing on your balcony, watching the sun set across the main channel as the sparkling lights of Redland Bay come alive. This is island living at its finest!
4 BEDROOMS | 3 BATHROOMS | 2 KITCHENS | DUAL LIVING | $700 PER WEEK RENTAL RETURN
Packed with quality features, this impressive two-level home offers the perfect combination of lifestyle, space and investment potential.
With four bedrooms, three bathrooms, two modern kitchens and separate entrances, the possibilities are exciting. Enjoy the entire home, accommodate extended family or explore the potential for holiday accommodation in the future.
And those water views? You really need to experience them for yourself!
TWO LEVELS – ONE FANTASTIC OPPORTUNITY!
Upstairs, you'll discover spacious open-plan living, a stylish modern kitchen with stone benchtops, comfortable bedrooms and a fantastic balcony overlooking the water.
Downstairs offers its own self-contained accommodation, complete with kitchen, bedroom, bathroom and separate entrance.
Previously operated as successful Airbnb accommodation under the name Blue View Studio, the lower level provides excellent flexibility for future use, including the potential to return to short-term holiday accommodation, subject to relevant approvals and tenancy arrangements.
PROPERTY HIGHLIGHTS
Four bedrooms, three enjoying water views
Three bathrooms, including two ensuites
Two modern kitchens with stone benchtops
Quality De'Longhi appliances
Integrated dishwasher in downstairs kitchen
Four air-conditioning units and ceiling fans
Two balconies with stunning water views
Stylish contemporary interiors, throughout
Modern vinyl plank flooring and quality window coverings
Separate entrances for upper and lower levels
Tandem garage with workshop and storage space
Large laundry and fully fenced 506m² block
Attractive Hampton style timber-look exterior cladding
INVESTORS – TAKE NOTICE!
Currently tenanted at $700 per week, with a lease in place until June 2027.
That's an existing rental income of $36,400 per annum, providing an immediate income stream for the incoming owner.
And the potential doesn't stop there!
Having previously operated as Airbnb accommodation, the property offers an exciting opportunity to explore the island's short-term holiday accommodation market in the future.
With its spectacular water views, dual-living layout and two separate entrances, this property has the features that can appeal to holidaymakers seeking a relaxing island escape.
Whether you're looking for an investment today or a future lifestyle property with income possibilities, the flexibility here is a real bonus.
LIFESTYLE, LOCATION & OPPORTUNITY
Enjoy the peace and tranquillity of Russell Island while remaining conveniently located for the ferry terminal, local shops, cafés and everyday amenities.
Beautifully presented, incredibly versatile and boasting unforgettable water views, this is a property offering far more than your average investment.
The sellers are motivated and ready for their next chapter. Don't miss your opportunity to secure this impressive island home!
EXPERIENCE THE ISLAND LIFE DIFFERENCE
Buying on Russell Island? Let our local knowledge make the difference.
Complimentary jetty pick-ups and personalised island tours
Local maps, information and expert island knowledge
FaceTime and virtual inspections available
Proud REIQ member
REIQ 2025 Finalist – Small Residential Agency of the Year
REIQ 2025 Finalist – Community Contribution Award
Contact Simon and Kim Gordon at Island Life Property Sales & Rentals today for further information or to arrange an inspection.
ISLAND LIFE PROPERTY SALES & RENTALS
Local Knowledge | Professional Service | Community Commitment
Disclaimer: Rental income is based on the current rent of $700 per week and assumes 52 weeks of payments. The property is sold subject to the existing tenancy unless otherwise agreed. Previous Airbnb use does not guarantee future approval, occupancy or income. Buyers should make their own enquiries regarding short-term accommodation, dual-living approvals and all property information.
- Type
- House
- Bedrooms
- 4
- Bathrooms
- 3
- Parkings
- 5
- Area
- 506 m²
