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
