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1,2,3, 24 Ferguson Avenue, Bongaree

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STRATA-TITLED UNIT BLOCK - FRONT ROW BONGAREE, BRIBIE ISLAND - OFF-MARKET OPPORTUNITY

 

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 builders, developers and astute renovators.

The combination of wide frontage and height allowance (up to 12m) 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.

Currently 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 and 15m height zoning, offering excellent development potential
  • Next Generation Neighbourhood Zoning (up to 12m height)
  • Views of Pumicestone Passage from front unit
  • All units currently leased with tenants in place
  • 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  ($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 ($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 ($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.

 

Features

Balcony Deck Terrace/Paved Courtyard Outdoor entertainment area Undercover outdoor area Self-contained accommodation Smoke Alarms Safety Switch Close to beach Level Block Close to school Close to shops Built-in wardrobe Air conditioning
6 3 6

Details

Address 1,2,3, 24 Ferguson Avenue, Bongaree
Price CONTACT AGENT
Property Type Residential
Property ID 302
Category Unit

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