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5/23 Mabel Street,
Margate 4019, Queensland
$605,000
Property details
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Agents
Strong Returns in a Prime Coastal Location
Set just 300 metres from the shoreline, this low-maintenance coastal property offers investors a rare opportunity to secure an income-generating asset in a tightly held, high-demand pocket of Margate - just 30 minutes from Brisbane.
Currently leased to a quality tenant at $580 per week until January 2026, this recently renovated two-bedroom unit is part of a boutique complex of only six residences, ensuring both privacy and long-term appeal.
The property has been thoughtfully updated with a modern kitchen, bathroom, and stylish flooring throughout. The spacious, air-conditioned open-plan living, dining, and kitchen area flows seamlessly to a private patio where tenants can enjoy sea breezes and a glimpse of beautiful Moreton Bay.
Ideally positioned within walking distance to Margate Parade, shops, public transport, parks, schools, and the beach, this property ticks all the boxes for location, lifestyle, and investment stability.
Key Features:
+ Solid rental income: leased at $580/week until Jan 2026
+ Boutique complex of only 6 with just one unit per level
+ Recently renovated kitchen, bathroom, and flooring
+ Open-plan, air-conditioned living with access to private patio and bay glimpses
+Two bedrooms, including master with air conditioning
+ Secure garage with space for two small cars
+ Walk to Margate Beach, cafes, shops, parks, and schools
+ Located within Humpybong State School and Clontarf Beach State High catchments
This is a set-and-forget investment with strong rental yield, future growth potential, and ongoing appeal for tenants and owner-occupiers alike.
*Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research. Some photos include Virtual Styling - an inspection will reveal different furniture.
Currently leased to a quality tenant at $580 per week until January 2026, this recently renovated two-bedroom unit is part of a boutique complex of only six residences, ensuring both privacy and long-term appeal.
The property has been thoughtfully updated with a modern kitchen, bathroom, and stylish flooring throughout. The spacious, air-conditioned open-plan living, dining, and kitchen area flows seamlessly to a private patio where tenants can enjoy sea breezes and a glimpse of beautiful Moreton Bay.
Ideally positioned within walking distance to Margate Parade, shops, public transport, parks, schools, and the beach, this property ticks all the boxes for location, lifestyle, and investment stability.
Key Features:
+ Solid rental income: leased at $580/week until Jan 2026
+ Boutique complex of only 6 with just one unit per level
+ Recently renovated kitchen, bathroom, and flooring
+ Open-plan, air-conditioned living with access to private patio and bay glimpses
+Two bedrooms, including master with air conditioning
+ Secure garage with space for two small cars
+ Walk to Margate Beach, cafes, shops, parks, and schools
+ Located within Humpybong State School and Clontarf Beach State High catchments
This is a set-and-forget investment with strong rental yield, future growth potential, and ongoing appeal for tenants and owner-occupiers alike.
*Disclaimer - We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or admissions. Buyers are encouraged to do their own research. Some photos include Virtual Styling - an inspection will reveal different furniture.
Explore the area
School catchments
- Humpybong State School Primary Prep-6 Government 0.14km
- Southern Cross Catholic College - Woody Point Campus Primary Catholic 0.94km
- Edu Space Redcliffe Secondary 7-10 Independent 1.8km
- Clontarf Beach State High School Secondary 7-12 Government 1.8km
- Grace Lutheran Primary School Primary Prep-6 Independent 1.9km
- Redcliffe State High School Secondary 7-12 Government 2.7km
- Clontarf Beach State School Primary Prep-6 Government 2.7km
- Kippa-Ring State School Primary Prep-6 Government 2.8km
- Scarborough State School Primary Prep-6 Government 3.6km
- Hercules Road State School Primary Prep-6 Government 4.1km
- Australian Trade College North Brisbane Secondary 11-12 Independent 4.7km
- Southern Cross Catholic College Combined Prep-12 Catholic 4.8km
- Southern Cross Catholic College - Kippa-Ring Campus Primary Catholic 5.0km
- Grace Lutheran College Secondary 7-12 Independent 6.0km
- Mueller College Combined Prep-12 Independent 6.1km
- Mango Hill State Secondary College Secondary 7-12 Government 6.5km
- St Kieran's School Primary Prep-6 Catholic 7.3km
- Mango Hill State School Primary Prep-6 Government 7.4km
- Brighton State School Primary Prep-6 Government 7.6km
- St Benedict's Primary School Primary Prep-6 Catholic 7.7km
- St Benedict's College Secondary 7-12 Catholic 8.0km
- North Lakes State College Combined Prep-12 Government 8.3km
- The Lakes College Combined Prep-12 Independent 8.5km
- St Patrick's College Combined 5-12 Catholic 8.8km
- Bracken Ridge State High School Secondary 7-12 Government 9.2km
- Deception Bay State High School Secondary 7-12 Government 9.3km
- St John Fisher College Secondary 7-12 Catholic 9.7km
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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Contact Damien Misso
Contact Damien Misso
Damien Misso
5/23 Mabel Street, Margate QLD 4019
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Damien Misso
5/23 Mabel Street, Margate QLD 4019