Only 100m from the foreshore and Redcliffe Pavilion, 3 Ella Street stands as a rare holding in one of the Peninsula's most tightly held growth corridors. This corner site blends immediate rental income with medium-term uplift potential and long-term redevelopment upside under Moreton Bay Regional Council's sought-after Urban Neighbourhood zoning. Whether you're looking to build now, land-bank for the future, or lock in a strategic coastal income producingl asset, this property delivers on all fronts.
Positioned on a 405m² high-exposure corner block, the site is zoned Urban Neighbourhood (allowing up to 9 storeys) and currently accommodates two self-contained 2-bedroom flats, each separately metered and returning approximately $800 per week combined. With dual street frontage and no easements, it offers genuine feasibility for boutique apartments or mixed-use development.
Surrounding projects of 4–7 storeys already reinforce the area's density uplift and lifestyle demand. Investors and landbankers alike will appreciate:
- Immediate holding income with potential to increase rents through minor refurbishments
- Flexibility to secure plans or future DA approvals while generating cashflow
- Robust resale demand for completed projects in this tightly held pocket
Key Investment Highlights
- Zoning: Urban Neighbourhood - up to 9 storeys STCA
- Dual income: Two x 2-bed, 1-bath flats - separately metered
- Prime 405m² corner block with dual street frontage
- Approx. $800/week combined return with scope for uplift
- Surrounded by active mid-rise and mixed-use developments
- 50m to Suttons Beach, 500m to Redcliffe Parade's cafés and lifestyle precinct
Whether you're a boutique developer, a syndicate builder or a long-term investor seeking a premium coastal holding with density upside, 3 Ella Street offers both income today and strategic value for tomorrow.
