Offered to the market is a tightly held development site in one of Sandgate’s most sought-after avenue positions, presenting a rare combination of immediate income and genuine future upside. Set on an unusually large parcel, the property offers multiple development pathways — from a boutique townhouse project or three-lot subdivision, to landbanking with strong rental return while you plan your next move.
Opportunities of this calibre, location and flexibility are exceptionally scarce, making this an ideal acquisition for developers, investors or owner occupiers seeking to secure a premium foothold in this blue-chip bayside pocket.
Whether you are looking to landbank with a solid income stream or unlock the site’s full development potential, this property offers:
PROPERTY FEATURES:
• Prime avenue position in the heart of Sandgate
• Non-heritage-listed site with confirmed development potential
• Substantial 1,214m² parcel with 19.8-metre frontage
• Topline Feasibility completed, supporting demolition and redevelopment
• Zoned CR2 – Potential for up to three houses or four designer townhouses
• Unique land configuration allowing for additional options such as resale to a neighbour, oversized storage, or shared outdoor amenities
• Currently with four self-contained one-bedroom flats with long-term tenancies in place
• Total current rental income of approximately $65,000 per annum
IDEAL FOR:
• Developers seeking a premium Sandgate project
• Landbankers wanting strong holding income with future upside
• Owner occupiers planning a dream home while subdividing to offset build costs
• Multi-generation families wishing to live close together
LOCATION HIGHLIGHTS:
• Approximately 200m to the Sandgate waterfront
• Around 140m to Sandgate Town Centre, including supermarkets, retail, cafes, restaurants and bars
• Close to leading local schools, including Sacred Heart Parish and Primary, Sandgate State Primary, St Patrick’s College and Sandgate High School
• Approximately 550m walk to Sandgate Train and Bus Station, with direct services to Brisbane CBD
• Convenient access to Brisbane Airport and north and south coast highways
Relevant sales evidence, a brief town planning overview, blank contract and disclosure statement are available upon enquiry.
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