Positioned atop of one of Margates highest vantage points surrounded by ample cleared land at the rear, is this Larger than life Grand Residence, which has been transformed into 4 high income producing flats. Combining traditional old days charm with modern style and conveniences. From the expansive rear verandas with an elevated and demanding outlook ,to seaviews and breezes to the east. You are invited inside to view the grand and historic ol lady that stood the test of time! The central stairway at rear, entices you up to a 2 open plan living flats, each with 2+bedrooms,updated kitchens, lounge/dining rooms with an abundance of natural light and sea breezes. This whole area overlooks the not too distant Moreton bay , the perfect communal setting for those get togethers and summer weekend barbeques. Ground floor/lower level-there are also 2 more flats, * 1 with 2 bedrooms ,updated kitchen,lounge/dining , * the other with same, but 1 bedroom. ** NOTE: all flats have individual bathrooms and laundry facilities **Other features of this impressive residence are ** Great tenants,willing to stay-exceptional holding income! **Zoned as MULTI UNIT DWELLING **On 2 lots with a total land area of 810sqm(no d/a needed to split)!! **With all conveniences close at hand in a desired blue chip location this is one property that commands not only your attention but your inspection. Sustainability for this property can be obtained by contacting tony 0409958583