{"Slug":"unit-123-24-ferguson-avenue-bongaree-qld-4507","CanonicalUrl":"https://realsearch.com.au/unit-123-24-ferguson-avenue-bongaree-qld-4507","Address":"1,2,3/24 Ferguson Avenue, Bongaree, Qld 4507","Suburb":"Bongaree","State":"QLD","Postcode":"4507","PropertyType":"Unit","Status":"For Sale","Headline":null,"Description":"Capitalise on a landmark Bribie Island location and reap the lucrative rewards an entire block of three strata-titled units.Situated approx. 250m from the sandy beaches of Pumicestone Passage and footsteps from cafés, shops and public transport, this is well-kept, blue-chip, beachside holding offers significant potential.Spanning a 604m2 parcel with a 21m street frontage, and zoned Next Generation Neighbourhood, it presents a compelling proposition for astute investors and developers.The combination of wide frontage and height allowance (up to 12m STCA) provides significant development potential, whether you're considering a future redevelopment, a landbank opportunity, or simply a high-performing investment. Each of the three units offer two good-sized bedrooms, a comfortable living and dining space, a practical kitchen, and a neat, tidy bathroom. One unit has a long balcony that takes in water views, whilst the other two offer a courtyard. The property has been looked after over time, making it a straightforward, low-maintenance investment.Returning approx $84,240/year in gross income, giving you a solid return from day one. Bribie Island is widely recognised as one of the Moreton Bay Regions premier coastal suburbs, offering a relaxed lifestyle coupled with a strong sense of community. With a second bridge to Bribie planned for the near future, a Satellite Hospital now fully operational, a patrolled surf beach at Woorim just 8 minute drive away and a lifestyle that has something for everyone, this is truly a prime opportunity for buyers seeking an enviable coastal address that continues to grow in value and appeal. Property Specifications:   -  Entire block of three strata-titled units   -  3 x 2 bedroom, 1 bathroom units, each with a single lock-up garage   -  Individually metered electricity and water   -  Parking for 6 cars (1 in/1out per unit)   -  604m² block with wide 21m street frontage   -  Next Generation Neighbourhood Zoning (up to 12m height STCA)   -  Views of Pumicestone Passage from front unit   -  2 units currently leased with 1 under advertisement   -  Short stroll to pristine waterfront and parklands   -  Positioned for a true \"walk-everywhere\" lifestyle with easy access to beaches, cafes, dining, parks, shops, public transport (including the upcoming 2nd bridge for Bribie)Unit 1: 87m2 2 bedrooms with BIR, good sized living area, modern kitchen, bathroom, internal laundry, lock up garage and off street parking, air-conditioning, courtyard  (leased at $470 PW – increasing to $550 PW)Unit 2:  88m2 2 bedrooms with BIR, good sized living area, modern kitchen, bathroom, internal laundry, lock up garage with internal access, air-conditioning, courtyard (leased at $550 PW)Unit 3: 124m2 Top floor living, 2 bedrooms with BIR, good sized living area, modern kitchen, bathroom, internal laundry, lock up garage, balcony with views to waterfront (advertised at $520 PW)With holding income, future development potential and an unbeatable coastal position, this is a strategic acquisition primed for profit. Set yourself up for a bright financial future.Contact Sally Grant of Wilson And Co Property Professionals on 0425 559 832.Property Code: 302","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"CONTACT AGENT"},"Bedrooms":"6","Bathrooms":"3","Parking":"6","Features":[{"Name":"Bedrooms","Value":"6"},{"Name":"Bathrooms","Value":"3"},{"Name":"Carports","Value":"6"},{"Name":"Area","Value":"604 m²"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-27.0666796,"Longitude":153.1506601,"Agent":{"Name":"Sally  Grant","CanonicalUrl":"https://realsearch.com.au/agent/sally-grant"},"Agency":{"Name":"Wilson & Co Property Professionals","CanonicalUrl":"https://realsearch.com.au/agency/wilson-co-property-professionals"},"CreatedAt":"2026-04-20T07:20:35.2911499","UpdatedAt":"2026-04-20T13:00:20.6048073"}