29 Sutton Street Redcliffe, QLD 4020

• Corner development site with a north easterly aspect toward Suttons Beach & the Moreton Bay, providing potential outstanding future bay vistas
• Within 100m* to one of Redcliffe Peninsula's most popular beachside lifestyle precincts including a lifeguard patrolled beach, grassed BBQ areas, children's playgrounds and bike tracks
• Code Assessable Building Height of 21m* (6 storeys), with scope to increase to 8 stories based on surrounding precedent nearby^
• Strong holding income of $177,320* per annum across three properties
• Corner site with 44m* of street frontage to Sutton Street and 38m* of frontage to Ella Street

The improvements consist of:

• 25 Sutton Street comprises a 4-unit timber flats complex over 875m²* returning $70,980* per annum
• 27 Sutton Street comprises a detached residential timber home over 420m²* returning $27,040* per annum
• 29 Sutton Street comprises a 5-unit timber flats complex over 483m²* returning $79,300* per annum

• Zoned General Residential - Urban Neighbourhood permitting a wide variety of development outcomes including (but not limited) to multiple dwelling residential apartments and residential care / vertical retirement, BTR or social and affordable housing
• Positioned within only 1km* of Woolworths Redcliffe, Mon Komo Hotel and Settlement Cove Lagoon
• Only a short drive to the Redcliffe Hospital
• 31km* to Brisbane CBD

Offered For Sale In One Line or Any Combination

*Approximately
^Subject to Council Approval