11 Bancroft Terrace

Deception Bay QLD 4508

Apartment

Currently for sale - view listing

Overview

Opportunities Like This Are Rare Fully Leased Triplex in Coastal Cul-De-Sac

Opportunities like this are increasingly hard to secure. Positioned in a quiet cul-de-sac just moments from the Deception Bay waterfront, 11 Bancroft Terrace offers a high-performing, fully tenanted triplex on a substantial 847sqm high and dry allotment. With three income-producing dwellings on one title, this is the ideal acquisition for investors seeking immediate cash flow, long-term holding security, and future upside potential in a rapidly growing coastal corridor. The property is presented in largely original condition, providing scope to further enhance returns through renovation or repositioning, while benefiting from strong existing tenancy and consistent income from day one. Key Investment Highlights: $1,090 per week in current rental income Three separately leased dwellings all with leases in place Large 847sqm block with excellent land value component Quiet, tightly held cul-de-sac location Walking distance to waterfront, cafés, and local amenities Strong rental demand area with ongoing growth Dwelling Breakdown: Unit 1 Upstairs Residence Spacious 3-bedroom, 1-bathroom layout, Leased at $390 per week until 17 February 2027 Unit 2 Ground Floor Unit Well-positioned 1-bedroom, 1-bathroom unit Leased at $400 per week until 21 April 2027 Unit 3 Separate 1-Bedroom Unit 1-bedroom, 1-bathroom configuration with external toilet (unique setup reflected in tenancy) Leased at $300 per week until 20 December 2026 This is a compelling opportunity to secure a set-and-forget investment with diversified income streams, while retaining the flexibility to add value over time. Whether you're expanding your portfolio or seeking a strategic landholding with income, this property delivers on all fronts. Offers Over $999,000