Fully Leased Triplex on 752sqm With Proven Rental Upside
Offered in one line for the first time since 2021, this fully leased triplex returns $72,280 per annum gross from three brick residences on a single 752sqm approx. freehold title at the centre of the Redcliffe Peninsula.
Each self contained residence comprises two bedrooms, one bathroom and a single garage, and each is separately tenanted on staggered leases expiring across May and October 2027, delivering $1,390 per week combined from settlement. Unit 2’s rent stepped from $410 to $460 per week in May 2026, recent evidence of the reversion available across the block. Bonds totalling $5,560 are lodged with the RTA, the holding is professionally managed, and the three residences carry scope for strata subdivision STCA.
Kippa-Ring Station on the Redcliffe Peninsula line, Peninsula Fair, Redcliffe Hospital, Kayo Stadium and the Moreton Bay foreshore all sit within a short radius, and the holding falls within the Hercules Road State School and Clontarf Beach State High catchments. Entire unit blocks rarely reach the open market on the peninsula.
– Fully leased at $1,390 per week combined, $72,280 per annum gross
– Three self contained brick residences on one freehold title, Lot 245 on RP225257
– Each residence of two bedrooms, one bathroom and single garage
– 752sqm approx. landholding with 25.5m frontage
– Staggered lease expiries: two in May 2027, one in October 2027
– Unit 2 rent stepped from $410 to $460 per week in May 2026
– Bonds of $5,560 lodged with the RTA, transferring with the tenancies
– Professionally managed, with the option to continue at settlement
– General Residential zoning, Suburban Neighbourhood, City of Moreton Bay
– Scope to strata subdivide the three residences STCA
– Hercules Road State School and Clontarf Beach State High catchments
– Due diligence pack: tenancy agreements, Develo report, title search, contract
Moments to Kippa-Ring Station, Peninsula Fair and the Moreton Bay foreshore. Auction on site Saturday 25 July, unless sold prior. Open homes Saturday 11 and 18 July, or inspect by private appointment. Due diligence pack on request.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein.
Property Features
- Garage Spaces: 3
