67 Margate ParadeMargate QLD 4019
Property Details for 67 Margate Pde, Margate
67 Margate Pde, Margate is a 13 bedroom, 6 bathroom Unit with 7 parking spaces. The property has a land size of 776m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 13 bedroom Unit sold in Margate in the last 12 months.
Last Listing description (July 2025)
There isn't another opportunity like this! Located on the renowned Margate waterfront, 67 Margate Parade stands as the investment of a lifetime.
Unrivalled Waterfront Location:
- Absolute Waterfront Setting: Overlooking uninterrupted Moreton Bay views and directly opposite the sandy Margate Beach and its scenic boardwalk.
- Lifestyle & Convenience: Just a short stroll to the vibrant Margate Village where boutique cafs, charming shops, and parklands complement a serene coastal lifestyle.
Exceptional Investment & Rental Potential
- Six-Unit Multi-Residency: Comprising five 2-bedroom townhouses and one expansive 3-bedroom unit, each designed to capture refreshing sea breezes and panoramic vistas.
- Robust Rental Income: Fully leased to quality, long-term tenants. With a current yield benchmarked around $150,000 per year, plus the market's median rent at approximately $510 per week, there's clear potential for enhanced income with minimal upgrades.
- Low Vacancy & Upside: Margate's rental demand is booming, with vacancies virtually non-existent. Smart, modest improvements could unlock premium rental rates almost immediately.
Solid Construction & Timeless Quality
- Durable Brick & Block Build: Constructed in enduring double brick and concrete block, ensuring low maintenance and resilience against coastal elements.
- Hassle-Free Investment: No lifts, pools, or complex systems to manage. Enjoy the peace of mind that comes with a well-built, easily maintained asset.
- Versatile Appeal: The boutique complex's thoughtful design featuring internal laundries, dedicated carports, and individual entries attracts a wide range of tenants, from young professionals to retirees.
Strong Capital Growth & Future Development Potential
- High Demand & Rising Values: Margate's coastal property market is experiencing significant appreciation. Waterfront land, especially with multiple income streams, consistently outperforms the broader market.
- Development & Redevelopment Options: With a sizeable corner allotment, the property offers tantalising possibilities for luxury apartment redevelopment or further value-add strategies, such as individual strata-title sales.
- Future-Proof Investment: Whether you choose to hold for income, modernise for premium rentals, or redevelop into a landmark project, this asset is positioned to generate long-term wealth.
Contact our team today for a confidential viewing and detailed information memorandum. Seize this unique opportunity to secure THE trophy asset in one of North Brisbane's most sought-after waterfront locales.
Property History for 67 Margate Pde, Margate, QLD 4019
- 10 Apr 2025Sold for $3,600,000
- 31 Mar 2025Listed for Sale Under Offer!
- 23 Oct 2019Listed for Rent - Price not available
Recent sales nearby
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About Margate 4019
The size of Margate is approximately 2.6 square kilometres. It has 12 parks covering nearly 6.8% of total area. The population of Margate in 2016 was 7405 people. By 2021 the population was 7575 showing a population growth of 2.3% in the area during that time. The predominant age group in Margate is 50-59 years. Households in Margate are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation.In 2021, 56.70% of the homes in Margate were owner-occupied compared with 53.20% in 2016.
Margate has 4,153 properties. Over the last 5 years, Houses in Margate have seen a 103.26% increase in median value, while Units have seen a 97.11% increase. As at 31 October 2025:
- The median value for Houses in Margate is $969,476 while the median value for Units is $804,818.
- Houses have a median rent of $598 while Units have a median rent of $540.
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