69 BANANA STREET, Redland Bay QLD 4165

69 BANANA STREET ONLY!

Now is your opportunity to buy this prime development site located in the highly visible and centrally positioned location of Banana Street Redland Bay. Positioned immediately near the Ferry Terminal for the Moreton Bay islands of Russell and Macleay Island, development opportunities abound.

Subject to council approval, you may develop the site. Zoned medium density (Subarea 1), you may apply to developed residences, apartments or villas. Or apply for a change of use. The position is ideally suited to a convenience or liquor store for last minute purchases for the islanders. Or consider mixed use for the site with commercial premises on the ground floor with apartments above to take in the crystal bay views of Moreton Bay. Or simply purchase for passive investment and enjoy and the existing income stream coming from the rental of the existing homes and their yards that are rented out to islanders for long term car parking.

What better hassle free investment for the self funded retiree or self managed superannuation fund? Enjoy the income for years to come as well as the expected strong performance in capital growth.

With two street frontages and access these properties offer so much in redevelopment.

Built-In Wardrobes, Close to Schools, Close to Shops, Close to Transport, Garden