17 Cowen Street, Margate, Qld 4019

Perfectly positioned on a level 405m² block just a short stroll from Margate's shimmering shoreline, 17A and 17B Cowen Street presents a rare dual-income opportunity on Brisbane's ever-popular Redcliffe Peninsula. 

This original-style duplex combines immediate rental returns with long-term development potential in one of South East Queensland's fastest-appreciating coastal markets.

Currently returning $1,000 per week ($500 per unit), this fully tenanted asset is ideal for investors looking to step into a high-performing market with reliable cash flow from day one. Whether you choose to hold, renovate, or redevelop (STCA), this is an opportunity underpinned by location, lifestyle, and consistent demand.

Each unit offers two bedrooms, one bathroom, covered parking, and private courtyards, all set within a quiet street just 260 metres from the Margate waterfront. From a morning swim to an afternoon stroll along the Esplanade, the lifestyle appeal is undeniable.

Located within the Next Generation Neighbourhood precinct, this site offers significant flexibility for future development. The zoning supports a wide range of residential options- subject to council approval; such as traditional homes, terrace housing, townhouses, multiplexes, and low to medium-rise apartments - all with a building height generally up to 12 metres. This zoning future-proofs the asset for a variety of innovative housing or income-producing configurations depending on your investment property goals.

Features:
- Dual tenanted duplex returning $1,000 per week
- Each unit consists of 2 bedrooms, 1 bathroom and single car parking
- Land area: 405m²
- Side access and ample off-street parking
- Walking distance to Margate Beach (260m)
- Flexible options: retain, renovate, or redevelop (STCA)
- Located in a high-growth coastal market
- Next Generation Neighbourhood zoning

The Redcliffe Peninsula continues to shine as one of Queensland's top-performing coastal regions. Over the past 12 months alone, unit prices in Margate have appreciated 15.4%, reflecting increasing demand from both investors and owner-occupiers seeking the ideal blend of lifestyle and return. As infrastructure, amenity and lifestyle offerings continue to grow, properties like this offer a strategic foothold in a tightly held market with exceptional future upside.

Enjoy unbeatable access to lifestyle, retail and essential services. The pristine shoreline is just a 260-metre stroll away, while Margate Shopping Centre and a vibrant selection of local cafés are only three minutes from your door. Redcliffe Hospital is a short four-minute drive, with the Redcliffe CBD, Settlement Cove Lagoon, and Kayo Stadium all within a five to seven-minute radius. Brisbane Airport is just 35 minutes away, and the Brisbane CBD can be reached in under 45 minutes - making this an accessible and highly desirable coastal hub for both residents and tenants.

With strong returns, capital growth, and lifestyle appeal all wrapped into one exceptional opportunity, 17A and 17B Cowen Street is the kind of investment that rarely comes to market.

Secure your slice of the peninsula today, get in touch with The Bens today. 

Disclaimer:
In preparing this advertisement we have endeavoured to ensure the information contained is true and accurate. We accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.