A prime piece of tightly held bayside land with ocean views and boating access to Queensland’s most iconic island destination is offering buyers a plethora of development opportunities.
With options to build a luxury home, an apartment complex or townhouses, 15 Colburn Avenue, Victoria Point, has hit the market via an Expressions of Interest campaign, closing 21 May.
The region has emerged as a family and over-50s downsizing hotspot. Picture: realestate.com.au
The 2481sqm absolute waterfront landholding, is located 30km from the Brisbane CBD, and has direct proximity to boat ramps, marinas and ferry services which connect to North Stradbroke Island, one of South East Queensland’s most sought-after leisure destinations.
The listing is being taken to market by Colliers agents Brendan Hogan and Kristian Brymora on behalf of a private vendor who has used the old style Queenslander home as a rental property for several years.
Mr Hogan, Colliers Residential Development Sites director, said the site represented a standout opportunity for a developer or private investor to build a luxury project and capitalise on the growing demand for high-end coastal living.
“This is a true lifestyle-driven development opportunity, where luxury living is anchored by direct access to the water,” he said.
15 Colburn Avenue in Victoria Point is for sale via expressions of interest closing 21 May. Picture: realcommercial.com.au
“Buyers at the premium end of the market are increasingly prioritising boating access, open space and proximity to island destinations, and this site delivers on all fronts.”
Mr Hogan said with strong fundamentals, opportunities of this kind were becoming increasingly difficult to find.
The land has a medium density residential zoning under the Redland City Council planning scheme, which provided flexibility for a premium residential outcome, subject to approvals.
Currently improved with an existing dwelling and returns holding income with a lease ending in August, the listing offers flexibility for developers during the planning phase.
Absolute waterfront opportunities in this area are rare. Picture: realcommercial.com.au
It is situated a stone’s throw from established amenity, including major retail hubs, schools and healthcare services.
With the Redlands area forecast to grow to more than 210,000 residents by 2046, coupled with ongoing housing undersupply placing pressure on the market, the landholding has attracted keen interest.
Colliers Residential Development Sites executive Kristian Brymora said the chance to create a high-end residential product with an island escape on its doorstep was exceptionally rare.
“Future residents will have the ability to step out their door and be on the water within minutes, whether it’s for weekend boating, fishing or a quick trip across to Stradbroke Island,” he said.
The site is zoned medium density. opening opportunities for townhouses. Picture: realcommercial.com.au
“Sites like this, with direct links to boating and island living, are incredibly tightly held and highly sought after, we are already receiving a lot of interest.
“The broader bayside market continues to evolve as a luxury lifestyle destination with the Redlands no longer just an affordability play. It’s increasingly being recognised as a premium lifestyle market.”
Access to boating, island tourism and expansive waterfront outlooks has seen a new wave of demand from buyers willing to pay a premium for that experience, Mr Brymora said.
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