This 1214m2 Medium Density Zoning Development Site with 38.2m street frontage has approval for 29 Luxury Apartments and is currently receiving $680 weekly rental returns from the two houses onsite.
The DA approval comprises 5 levels plus secure basement car park and rooftop garden. It consists of:
- 20 x 2 bedroom units with 2 bathrooms and separate laundry, study, 1 car park, private lockable storage area and balcony
- 9 x 1 bedroom units with combined bathroom and laundry, study, 1 car park, private lockable storage area and balcony
With potential water views from level 3 and 4 and rooftop, it is in close proximity to parks, shopping centre, train, bus and highways. This site is conveniently located near dining and entertainment precincts with a short stroll to Raby Bay Marina
The Toondah Harbour Redevelopment Project has been approved by the Redland City Council which will provide unparalleled opportunity to offer a modern urban village with land and water based recreation, entertainment, restaurant and cafes. It is set to transform Cleveland to an exciting level of living.
Don’t miss this great opportunity before it’s too late!