5/23 Mabel Street, Margate, Qld 4019

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.