69 Banana Street, Redland Bay QLD 4165

Presented by The Mr Sell Team

This Redland Bay development site consists of 3 lots, totalling 2422m2. With 2 street frontage and full DA approval for a 7 level apartment complex with all apartments having a water view. The approved complex will consist of 2 levels of secure on-site parking, then 5 levels of luxury apartments all with water views overlooking the bay and islands. In total there will be 35 x 2 bedroom apartments and 10 x 3 bedroom apartments.

The current site is returning a combined rental income of approx $86,000 per annum and is made up of 3 homes on separate titles and 28 car parking spaces. Waterfront sites like this are very difficult to find and with its close proximity to shops, schools, marina and many other local amenities, this is a great opportunity for a developer to move in an create an iconic Redland bay waterfront address..

- All approvals in place so project is ready to go
- Situated in the Weinham creek PDA
- Approved for a 7 level development on this site
- Close to shops schools and all local ammenities
- Current Rental Income
- Waterfront Sites

PROJECT WILL PROVIDE A GREAT RETURN FOR DEVELOPER