133–151 Redcliffe Parade, Redcliffe
A rare opportunity to acquire one of the largest and most strategically positioned waterfront development sites on the Redcliffe Peninsula.Occupying an expansive 4,205 sqm regular-shaped landholding with exceptional approx 77 meter frontage to
Redcliffe Parade, this premier bayfront site presents a compelling proposition for developers seeking scale, holding income, and long-term upside.
The property is currently improved with a mix of retail and hospitality tenancies, delivering strong holding income while future development plans are progressed. This allows investors and developers to benefit from immediate cash flow while unlocking the site’s full redevelopment potential. Under Moreton Bay Regional Council planning controls, the site supports significant development outcomes, including the potential for high-rise residential apartments or mixed-use development (STCA). The elevated bayfront position provides the opportunity to capitalise on uninterrupted eastern water views, a key driver of end-value in the Redcliffe market.
Key Development Highlights .4,205 sqm regular-shaped site with excellent proportions .Two street frontages providing superior access, design flexibility, and staging options .Prominent bayfront Esplanade position overlooking the iconic Redcliffe Jetty
Favourable zoning allowing mximum height potential (STCA) .Historically flood-free land Walking distance to Bluewater Square, Redcliffe Beach, Suttons Beach, transport, and lifestyle amenities Income & Risk Mitigation. Passing yield of approximately 7.91%
Existing leases provide strong interim holding income
Significant underlying land value component reduces market volatility Value-Add & Upside Opportunities
Rental growth potential with current rents slightly below market levels .Opportunity to pursue a higher and better use development outcome, noting a previous (now lapsed) development approval
Ability to restructure leases to longer-term agreements with break clauses to manage cash flow risk. This is a once-in-a-generation opportunity to secure a landmark waterfront development site in one of South East .Queensland’s most tightly held coastal markets.