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5 Toorbul Street

Bongaree QLD 4507

3
2
2
500 m²
House
Currently for sale - view listing

Overview

WATERFRONT MIXED-USE PROPERTY DUAL INCOME & DEVELOPMENT POTENTIAL

Nestled along the picturesque waterfront of Bongaree, just a stone's throw from the Jetty, stands a truly remarkable establishment that blends the charms of coastal living with exceptional investment potential. Overlooking Brennan Park and Pumicestone Passage, this unique property offers both residential and commercial opportunities, with future scope for redevelopment (zoned Mixed Use with 21m building height up to 6 storeys). RESIDENTIAL RETREAT At the rear, accessed privately via Toorbul Lane, a serene residential sanctuary awaits. The residence comprises: 3 generously sized bedrooms, including a master suite with walk-in robe, ensuite, and abundant natural light Built-in robes to additional bedrooms Open-plan lounge and dining, designed for comfort and flow Double carport plus lockable storage (shipping container) Renovations and structural works already completed ready for your finishing touches This layout offers a private haven, perfectly balancing the vibrancy of the commercial frontage. COMMERCIAL FRONTAGE Facing the bustling Toorbul Street café and dining strip, the wide 11.4m frontage ensures high exposure for any business. Currently fitted as a café kitchen, the space is adaptable to a wide range of uses: Café, wine bar, or restaurant with take-out facilities Office or professional services Retail showroom or mixed-use enterprise Features include: Dedicated customer facilities (toilets) Direct footpath frontage for food/coffee service Dual access via Toorbul Lane and Toorbul Street 3-phase power connection No asbestos DEVELOPMENT & INVESTMENT UPSIDE Land size: 500sqm (approx.) Zoning: Mixed Use (rare on Bribie Island) Height limit: 21m (up to 6 storeys) Dual income potential Live onsite while running a business, or rent both spaces separately Future capital growth assured with Bribie Island's rapid expansion LOCATION Prime position opposite Brennan Park and the waterfront with stunning sunset views Moments from Bongaree Jetty, a hub for tourist vessels and leisure activities Surrounded by cafés, restaurants, and boutique businesses Short drive to Brisbane and Sunshine Coast airports Bribie Island continues to grow rapidly with new estates, a recently completed satellite hospital, and bridge duplication in planning WHY THIS PROPERTY? Dual income opportunity live and work onsite Rare mixed-use zoning on Bribie Island Outstanding exposure in a thriving commercial precinct Lifestyle and investment combined in one exceptional package This property is ideal for an owner-occupier wanting a lifestyle change, an investor chasing dual income, or a developer looking to secure a future landmark site. The options are endless. DISCLAIMER: Elders Real Estate Woodford/Kilcoy & Bribie Island, its directors, employees and related entities believe that the information contained herein is gathered from sources we deem reliable. However, no representations or warranties of any nature are given, intended, or implied. Any interested parties should rely on their own independent inquiries.

Features

3 bedrooms
2 bathrooms
2 carspaces
500 m² lot size
House

Happy sellers in Bongaree

90%
90% of sellers in Bongaree reported that their sale price either exceeded or met their price expectations.

Bongaree stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 75 reviews in Bongaree over the last 12 months.

Local market activity for 3 bedroom houses in Bongaree

In the last 12 months, 46 three-bedroom houses similar to 5 Toorbul Street, have been sold.

This represents a 21% increase in three-bedroom houses sales when compared to the previous 12 months.

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