Land/Development for Sale

36-42 Ernest Street & 16 Albert Street Margate, QLD 4019

EOI Closing 2 October 2025 4pmPlay Video

Land: 2,534m²

Contact the agent if you'd like further information.

Enquire with Agent

Land/Development for Sale in Margate

2,534m²* Development Opportunity with Panoramic Moreton Bay Views

Land: 2,534m²

Next Steps:

Enquire with agent

Ray White Special Projects Qld are proud to offer to market Ernest and Albert - an outstanding residential development site, positioned in the booming Redcliffe Peninsula with sweeping views over the Moreton Bay. The opportunity comprises three individual dwellings, which are offered to market either Individually, In-One-Line or Any Combination.

Key Highlights:
• Prime Development Site: Expansive 2,534m²* corner allotment with dual frontages - 55metres* to Albert Street and 45metres* to Ernest Street
• Zoning: General Residential - Next Generation Neighbourhood, allowing for up to 75 dwellings per hectare (STCA^)
• Building Height: Code-assessable height of up to 12metres*, with potential for increased height subject to council approval^
• Holding Income: Currently generating gross holding rental income of $85,280* per annum (contact agent for further details)
• Rapid Growth Location: Situated in the thriving Redcliffe Peninsula, benefiting from significant ongoing population growth and infrastructure investment
• Proximity to Key Amenities: Only 170metres* to Scotts Point & Margate Beach, and short walking distance to Humpybong State School, Woolworths Margate, Langdon Park, and local community facilities
• Ideal Development Potential: Potential for premium apartments, townhouses or small lot housing, leveraging the elevated topography and expansive bay views

Existing Improvements include:

16 Albert Street - Improved with a 2 storey residential dwelling comprising 3 bedrooms, 1 bathroom, and a single-car garage

36 Ernest Street - Improved with a substantial 2 storey residence offering 7 bedrooms, 2 bathrooms, and double lock up garage

42 Ernest Street - Improved with a well-maintained 2 storey home featuring 2 bedrooms, 1 bathroom, and a single-car garage

Open for Inspection:
Saturday, 13 September - 10:00am - 11:00am

For Sale via Expressions of Interest
Individually, In-One-Line or Any Combination
Closing Thursday, 2 October 2025 4pm

*Approximately
^Subject to Council Approval

Land:

2,534m² / 0.63 acres

Tenancy:

Vacant

Next Steps:

Enquire with agent

Share:

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.