26-36 Portwood Street
Redcliffe, QLD 4020

Overview

4,043m²* Redcliffe Health Development Site with Holding Income

26-36 Portwood Street in Redcliffe offers a substantial 4,043 square meter development site located within the established health and commercial precinct of the Peninsula. This property comprises six individual lots, providing approximately 80 meters of frontage along Portwood Street. The site benefits from strong exposure and dual street access, enhancing its design flexibility and staging potential. A 21-meter height limit applies, allowing for multi-level development opportunities, subject to council approval.

The site currently includes a combination of commercial and residential buildings. It is partially tenanted, generating a holding income of $86,246 annually. Vacant tenancies present an opportunity to increase this income to over $210,000 per annum, offering significant potential for investors.

Situated within the City of Moreton Bay, one of the fastest growing regions in South East Queensland, the property is surrounded by established healthcare, commercial, and residential uses. This strategic location positions the site to benefit from ongoing population growth and infrastructure investment across the Peninsula.

Key Features:

• 4,043 square meters landholding spread across six lots
• Current holding income of $86,246 from a mix of commercial and residential tenancies
• Potential to increase holding income to over $210,000 due to vacancies
• Dual street access enhancing design flexibility and staging capability
• 21-meter height limit allowing for multi-level development outcomes
• Located among established commercial and healthcare users
• Positioned within the Redcliffe Medical precinct benefiting from extensive government investment

Location and Market Context:

The Redcliffe Hospital precinct has become a key healthcare and employment hub on the Peninsula, anchored by Redcliffe Hospital and serving a growing catchment of approximately 190,000 residents. Strong long-term population growth is forecast across the Moreton Bay region.

The precinct is undergoing a major transformation as part of the Queensland Government's Hospital Rescue Plan, which is included in an $18.5 billion statewide health infrastructure program. Key upgrades underway include the addition of at least 210 new overnight beds, a new multi-storey clinical services building, expanded emergency, theatre, maternity, birthing, endoscopy, and outpatient services, as well as major infrastructure improvements such as over 530 new car parks and enhanced site integration.

Construction is progressing with staged delivery expected through to approximately 2032, with early capacity increases anticipated from 2027. This sustained investment is reinforcing the precinct as a major health and services hub, driving demand for healthcare and allied medical uses, supporting professional services, medium to higher-density residential development, and short-term accommodation and patient-related uses.

Ongoing expansion combined with strong population growth and improved infrastructure is intensifying demand for surrounding land and development-ready sites, making this property a compelling opportunity for investors and developers.

The property is offered for sale via Expressions of Interest, closing at 4 pm on Friday, May 15, 2026.

Location