274 Queens Esplanade, Thorneside QLD 4158

Auction Location: On - Site

Presenting an unrivalled opportunity along the Thorneside foreshore, this north-facing 612sqm corner block boasts an expansive 47m frontage and sensational views across Moreton Bay that will never be built out.

Occupied by a low set property converted into two tenanted units, the site features Development Approval for two brand new four-bedroom homes each on 306sqm.

Offering a myriad of possibilities for investors, owner-occupiers and developers, the opportunity exists to:

1 – Landbank and continue to rent the two units while considering future options.
2 – Proceed with BA for the DA approved house plans, and once complete, sell both homes or live in one and sell the other.
3 – Submit your own BA and design a single house across the expansive 612sqm block.

Perfect for investors, the two units are rented by long-term tenants on a month-to-month lease. Unit one features one bedroom, unit two features two bedrooms, and both include private living, a good-sized kitchen, one bathroom, a separate toilet, internal laundry, and access to the yard and gardens.

For developers wishing to take advantage of the DA, plans have been drawn by Ashcroft Architects for two contemporary residences boasting exquisite style, lifestyle luxury and private space that takes full advantage of the waterfront location. Open plan living will accompany a chef's kitchen, entertainer's balcony, two bathrooms, a double garage and four bedrooms, including a lavish master suite. Building up to enhance the existing water views, residents will delight in stunning bay breezes, breath-taking sunrises, scenic outlooks and tranquil birdsong.

Situated in a beautiful bayside setting along Queens Esplanade, residents will enjoy a peaceful waterfront lifestyle with walking paths outside their door, and Beth Boyd Park and Blue Tongue Pantry Cafe just steps away. 1km from the local boat ramp and close to amenities, you are granted easy access to Thorneside station, Thorneside Village and Birkdale Fair.

Moments from renowned bayside schools, the property falls within the Birkdale State School and Wellington Point High School catchments, is 6 minutes to Redlands College, 11 minutes to Ormiston College and 21km to the CBD. Presenting spectacular potential and endless possibilities, this is a rare opportunity not to be missed.

*Boundary lines displayed are indicative only.

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