2,534m²* Development Opportunity with Panoramic Moreton Bay Views
Ray White Special Projects Qld are proud to offer to market Ernest and Albert - an outstanding residential development site, positioned in the booming Redcliffe Peninsula with sweeping views over the Moreton Bay. The opportunity comprises three individual dwellings, which are offered to market either Individually, In-One-Line or Any Combination.
Key Highlights:
• Prime Development Site: Expansive 2,534m²* corner allotment with dual frontages - 55metres* to Albert Street and 45metres* to Ernest Street
• Zoning: General Residential - Next Generation Neighbourhood, allowing for up to 75 dwellings per hectare (STCA^)
• Building Height: Code-assessable height of up to 12metres*, with potential for increased height subject to council approval^
• Holding Income: Currently generating gross holding rental income of $85,280* per annum (contact agent for further details)
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• Proximity to Key Amenities: Only 170metres* to Scotts Point & Margate Beach, and short walking distance to Humpybong State School, Woolworths Margate, Langdon Park, and local community facilities
• Ideal Development Potential: Potential for premium apartments, townhouses or small lot housing, leveraging the elevated topography and expansive bay views
Existing Improvements include:
16 Albert Street - Improved with a 2 storey residential dwelling comprising 3 bedrooms, 1 bathroom, and a single-car garage
36 Ernest Street - Improved with a substantial 2 storey residence offering 7 bedrooms, 2 bathrooms, and double lock up garage
42 Ernest Street - Improved with a well-maintained 2 storey home featuring 2 bedrooms, 1 bathroom, and a single-car garage
*Approximately
^Subject to Council Approval
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