A Rare High-Yield Bayside Investment

A prized investment opportunity awaits, offering a strong gross rental yield of approximately 6.7%. Situated only 1000m from beautiful Bramble Bay and the popular waterfront Pelican Park, this 632sqm property boasts an impressive rental history and is currently tenanted with long-term occupants. The property comprises four two-bedroom, one-bathroom apartments, making it a secure and consistent income generator in a thriving lifestyle location.

With a current return of $87,360 per annum, this investment already performs well, and the market indicates further potential for rental increases into the new financial year. Each unit is in good condition, featuring a functional layout with a long hallway leading to the kitchen and living space, while bathrooms are positioned at the rear toward the communal yard and three carports. Zoned "General Residential" with an 8.5m height limit, the property also holds future development potential.

Key Features:

+ Gross rental yield 6.7%
+ 632sqm block with four self-contained units, all currently tenanted
+ Returning $87,360 annually, with potential for future increases
+ Zoned 'General Residential' with an 8.5m-high building limit
+ Two-bedroom, one-bathroom layout in each unit
+ Communal yard, washing line, and three carports
+ Quiet bayside location within 25 minutes of Brisbane Airport and CBD
+ 1km to waterfront, close to schools, transport, and Redcliffe Hospital

Disclaimer: We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or omissions. Buyers are encouraged to conduct their own due diligence.

Explore the area

School catchments

Clontarf Beach State High School Secondary 7-12 Government 0.14km
Grace Lutheran Primary School Primary Prep-6 Independent 0.56km
Clontarf Beach State School Primary Prep-6 Government 0.89km
Southern Cross Catholic College - Woody Point Campus Primary Catholic 0.97km
Humpybong State School Primary Prep-6 Government 2.0km
Kippa-Ring State School Primary Prep-6 Government 2.1km
Edu Space Redcliffe Secondary 7-10 Independent 2.9km
Hercules Road State School Primary Prep-6 Government 3.3km
Redcliffe State High School Secondary 7-12 Government 3.6km
Southern Cross Catholic College - Kippa-Ring Campus Primary Catholic 3.9km
Scarborough State School Primary Prep-6 Government 4.3km
Mango Hill State Secondary College Secondary 7-12 Government 4.7km
Grace Lutheran College Secondary 7-12 Independent 4.7km
Mueller College Combined Prep-12 Independent 5.0km
Australian Trade College North Brisbane Secondary 11-12 Independent 5.4km
Southern Cross Catholic College Combined Prep-12 Catholic 5.4km
Mango Hill State School Primary Prep-6 Government 5.5km
St Benedict's Primary School Primary Prep-6 Catholic 5.9km
St Kieran's School Primary Prep-6 Catholic 6.0km
St Benedict's College Secondary 7-12 Catholic 6.2km
Brighton State School Primary Prep-6 Government 6.2km
Griffin State School Primary Prep-6 Government 6.4km
North Lakes State College Combined Prep-12 Government 6.5km
The Lakes College Combined Prep-12 Independent 6.8km
Bracken Ridge State High School Secondary 7-12 Government 7.8km
Deception Bay State High School Secondary 7-12 Government 8.0km
Murrumba State Secondary College Secondary 7-12 Government 8.1km
St Patrick's College Combined 5-12 Catholic 8.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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