8 Meredith Place
Redland Bay, QLD 4165

Overview

8 Meredith Place, Redland Bay

This property presents an exceptional opportunity for renovators, investors, land bankers, or developers, featuring a substantial 1,125 square meter block with a 20-meter frontage. Located in a peaceful area of Redland Bay, it offers close proximity to a variety of amenities including the waterfront, major shopping centers, local shops, a golf course, and convenient transport options.

The existing lowset brick and tile home includes three bedrooms and two bathrooms, providing comfortable living space. The kitchen is practical and offers ample storage, while the home features a large lounge area, a separate family room, and a formal living space. A massive enclosed entertaining area enhances the property's appeal, perfect for gatherings and relaxation.

Additional functional spaces include a previous garage that has been converted into a multi-purpose area, and ducted air-conditioning throughout the home ensures year-round comfort. The property also boasts a tandem triple carport, dual driveways, a separate garage, and an enclosed workshop area, catering to various parking and storage needs.

This large block offers genuine future potential, whether you choose to retain the existing home and build at the rear or opt to demolish and subdivide into two blocks. The property is currently tenanted until March 2, 2027, at a rental rate of $660 per week, providing immediate investment income. Tenant furniture has been digitally removed from the photos to present a clear view of the space.

Built in 1988, the home is well-established and maintained. Rates are approximately $1,400 per quarter, including water charges. This property is an excellent choice for those seeking a substantial landholding with versatile options in a sought-after location.

Location