1,2,3/24 Ferguson Avenue, Bongaree, Qld 4507 - More Details
CONTACT AGENT
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
- Type
- Unit
- Bedrooms
- 6
- Bathrooms
- 3
- Parkings
- 6
- Area
- 604 m²
