24-28 Macdonnell Road, Margate, QLD 4019

• 1,935m²* total site area providing rarely available scale in a highly fragmented coastal area

• Existing Development Approval for 40 apartments over 6 storeys

• Scope to further increase height limit^

• Capturing outstanding bayside views from the 3rd storey* and above

• Highly desirable coastal location, positioned 400m* from the waterfront and Margate Beach and Suttons Beach, offering future residents immediate access to bayside walking paths, recreational areas, and uninterrupted coastal amenity

• Redcliffe's vibrant town centre is within an easy 10-minute walk, providing a diverse mix of popular restaurants, cafés, boutique retail and short driving distance to Woolworths Margate

• The surrounding area is particularly well suited to families, with schools located within walking distance of the site. This is complemented by an abundance of nearby parks, playgrounds, and community recreation facilities, including the Redcliffe Lagoon, one of the Peninsula's most popular family and tourist destinations

• Approval strategically targeted towards owner-occupiers and downsizers, seeking a relaxed coastal lifestyle with strong community infrastructure at an affordable price in comparison with Sunshine Coast or southern Gold Coast markets

• The Redcliffe Peninsula has experienced sustained urban renewal over recent years, with a notable uplift in both the quality and scale of residential development

• Numerous luxury apartment and townhouse projects have been completed or are currently under construction, reflecting strong market confidence in the area. These projects collectively demonstrate an evolving market preference for higher-quality, design-led residential product and support the long-term growth trajectory of the precinct

• Strong holding income from the existing improvements

For Sale via Expressions of Interest

Closing Thursday, 13 August 2026 4pm (AEST)

*Approximately

^Subject to Council Approval

Remember to mention you found this property on DevelopmentReady