Rare Opportunity in Redcliffe CBD Development!

An extraordinary development site has emerged in the bustling Redcliffe CBD, presenting an exceptional investment prospect. It is an exceedingly rare occurrence for a property with such a prime location to become available in this area.<br/><br/>Situated in one of the most sought-after districts on the peninsula, this combined 1255m2 parcel of land offers immense potential. Although the development approval has expired, worry not, as comprehensive plans for a five-story structure consisting of 19 apartments and five shops are readily available. Furthermore, the current town plan allows for higher density, opening up exciting possibilities for the discerning investor.<br/><br/>Conveniently nestled in the heart of the Redcliffe CBD, directly opposite the esteemed Blue Water Square shopping center, this property offers unparalleled accessibility. Additionally, it is merely a short stroll away from a plethora of entertainment amenities that the area is renowned for, including the vibrant Lagoon, Mon Komo, the Dolphins Football Club, and the Waterfront Precinct.<br/><br/>With Brisbane Airport just a 35-minute drive away and Brisbane CBD a mere 45 minutes away, Redcliffe enjoys excellent connectivity to major destinations. As the region continues to grow, the demand for properties in prime locations such as this is expected to soar. Act swiftly to seize this incredible opportunity before it slips away. Whether you choose to land bank for the future or embark on a visionary construction project, the choice is yours.<br/><br/>The site currently boasts two properties: 99 and 101 John Street, Redcliffe. Number 99 features a charming lowset dwelling with 2 bedrooms, 1 bathroom, and 1 car space. The fully air-conditioned property offers wheelchair accessibility and sits on a generous 445m2 plot. With a potential residential rental return ranging from $475 to $500 per week, or the option of a commercial rental return of $800, it presents an attractive income-generating proposition.<br/><br/>Number 101, on the other hand, comprises vacant land spanning an expansive 810m2, awaiting your creative vision. The existing dwelling on the property will be removed by September 2023, providing a clean canvas for your development aspirations.<br/><br/>Don't miss out on this incredible opportunity! These exceptional properties will be going to auction if not sold prior. Act now to secure your future and capitalize on the thriving Redcliffe property market. For more information, contact us today.