5 Toorbul Street
Bongaree, QLD 4507

Overview

5 Toorbul Street, Bongaree, QLD, 4507

Located along the scenic waterfront of Bongaree, this exceptional mixed-use property offers a unique blend of coastal lifestyle and investment opportunity. Situated just a short walk from the Jetty and overlooking Brennan Park and the Pumicestone Passage, the property presents both residential and commercial potential with future redevelopment possibilities under its Mixed Use zoning, allowing building heights up to 21 meters or six storeys.

The residential section, accessed privately via Toorbul Lane at the rear, provides a tranquil retreat. It features three spacious bedrooms, including a master suite complete with a walk-in robe and ensuite, all benefiting from abundant natural light. Additional bedrooms include built-in robes. The open-plan lounge and dining areas are designed for comfort and seamless flow. The property also includes a double carport and lockable storage in the form of a shipping container. Renovations and structural works have been completed, leaving the residence ready for final touches to personalize the space.

The commercial frontage faces the vibrant Toorbul Street café and dining strip, boasting a wide 11.4-meter frontage that ensures excellent exposure for any business venture. Currently fitted as a café kitchen, the space is versatile and adaptable for various uses such as a café, wine bar, restaurant with take-out facilities, office or professional services, retail showroom, or other mixed-use enterprises. Key features include dedicated customer facilities with toilets, direct footpath frontage suitable for food and coffee service, dual access from both Toorbul Lane and Toorbul Street, a 3-phase power connection, and the assurance of no asbestos present.

This property offers significant development and investment upside. The land size is approximately 500 square meters, with rare Mixed Use zoning on Bribie Island and a height limit that supports up to six storeys. The dual income potential allows for living onsite while operating a business or renting both spaces separately. The location promises future capital growth, supported by Bribie Island's rapid expansion and development.

Positioned opposite Brennan Park and the waterfront, the property enjoys stunning sunset views and is moments from the Bongaree Jetty, a hub for tourist vessels and leisure activities. The surrounding area is lively with cafés, restaurants, and boutique businesses. It is also conveniently located within a short drive to Brisbane and Sunshine Coast airports. Bribie Island continues to develop rapidly with new estates, a recently completed satellite hospital, and plans for bridge duplication.

This property is ideal for owner-occupiers seeking a lifestyle change, investors looking for dual income opportunities, or developers aiming to secure a future landmark site. The possibilities are extensive, combining lifestyle and investment in one exceptional package.

Disclaimer: The information provided is gathered from sources considered reliable, but no representations or warranties are made. Interested parties should conduct their own independent inquiries.

Location