17 McNaughton Street, Redcliffe, Qld 4020

17 McNaughton Street presents a rare opportunity to capitalise on the thriving real estate market along the Redcliffe Peninsula. With over 2,000 buyers entering this sought-after area in the past year, there's a robust demand for new, boutique homes that provide a simple yet elegant lifestyle.

Development Approval: DA approved for 24 dwellings, comprising 4 x 1-bedroom and 20 x 2-bedroom apartments over 7 levels.

Location:
- Conveniently located just 10 minutes from Redcliffe Beach and Esplanade, which offers a variety of cafes and restaurants.
- 5-minute drive to key amenities including Redcliffe Hospital, Redcliffe State High School, TAFE Redcliffe, and Bluewater Square Shopping Centre.

Additional Information:
- The property is not affected by flooding, overland flow, tidal inundation, or storm tides.
- Existing house on the property: 4 bedrooms, 2 bathrooms, 2 car spaces.
- Current lease expires on 16/11/2024, with rental income of $530 per week.

Rates:
- Water Rates: Approximately $499 per quarter
- Council Rates: Approximately $848 per quarter

17 McNaughton Street, Redcliffe, offers an exceptional investment opportunity with development approval in a sought-after location. Seize this rare chance to invest in a prime property. Development files are available upon request.