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Description: - Landmark 2,026sqm combined Medium Density holding positioned in Redland Bay's key coastal growth & transport corridor.
- Substantial elevation profile: Positioned ~10m (approx. 3 storeys) higher than neighboring Banana Street, maximizing natural light, breezes, and water outlooks.
- Existing DA Approval for a 5-storey, 24-unit residential project, with BA almost completed.
- Versatile design: 140m² 2-bedroom floorplans NDIS suitable and optimized for luxury down-sizers (projected close to $100k return each, local Auster St NDIS development yielding up to $120k each).
- 3.3m Garage entry height suitable for caravan access.
- Architectural flexibility: Capacity to adjust room sizes to increase yield up to ~30 units (STCA). Council has expressed interest to go up to 7 storeys for further yield or leasing to next-door overflowing hospital.
- Flexible holding income: Dual highset homes with long term tenants returning reliable income on versatile 6-month leases, allowing incoming buyers to seamlessly extend tenancy or break ground immediately.
- 4 regular-shaped elevated allotments carrying strong standalone value.
- Just metres from bus stop and the brand-new Redland Bay Satellite Hospital (completed 2023)
- Direct beneficiary of the nearby Weinam Creek Priority Development Area (PDA).
- Motivated vendor re-aligning capital to core overseas projects.
Address: 99, 101, 103 & 105 Hamilton Street, Redland Bay QLD 4165
Price: Auction On Site, 31st October 2026 Sat 10am
Inspect: By Appointment
Contact:
Harvey Huang / Peter Huang
0401 026 693 / 0418 888 889
harvey.huang@yong.com.au
*Approximate figures only.
All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
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