58 & 60 Shore Street East, Cleveland QLD 4163

Offering a rare and exceptional opportunity, this substantial dual-lot property comprises 58 & 60 Shore Street East in Cleveland, presenting a combined land area of 1,313 square meters with generous frontage. The site is perfectly positioned for redevelopment or land banking, catering especially to developers and long-term investors seeking value in a rapidly evolving bayside precinct.

The property includes two low-set post-war homes, each featuring three bedrooms and currently tenanted with leases in place, providing immediate rental income and strategic holding potential. The broad allotment and enviable frontage make it an ideal candidate for a multi-storey residential development, subject to council approval, with significant scope to capitalize on the area's growth trajectory.

Strategically located adjacent to the Cleveland Centre, Raby Bay Harbour, and Stradbroke Ferry precincts, the site benefits from the Redland City Council’s long-term master planning and extensive investments in public infrastructure, transport connectivity, and streetscape enhancements. Planned upgrades are transforming Cleveland into a more vibrant, higher-density, lifestyle-oriented destination, boosting appeal for future residents and tenants alike.

Accessibility is a strong advantage, with the property only a short walk from Cleveland railway station, and convenient access to major arterial roads and the Gateway Motorway, ensuring seamless connectivity to Brisbane CBD, approximately 28 kilometers away, and the wider region. This connectivity enhances the desirability for residents and supports diverse tenant markets.

As nearby precincts continue redevelopment and revitalization efforts, medium-density sites of this size and location become increasingly sought after. The combination of planning certainty, infrastructure investments, and strong buyer demand creates a compelling proposition for developers and investors aiming for capital growth and ongoing demand in a prime Bayside residential market.

Future occupants will enjoy a highly sought-after bayside lifestyle with easy walking access to Cleveland’s foreshore, waterfront parklands, cafés, and variety of dining options. The proximity to the Toondah Harbour precinct and ferry services to North Stradbroke Island further enrich the lifestyle appeal, blending coastal living with urban convenience and excellent connectivity.

Offered exclusively as a combined parcel, 58 & 60 Shore Street East represents an exceptional acquisition opportunity in a market characterized by strategic growth and demand. Interested parties are encouraged to enquire and explore the potential presented by this outstanding offering, mindful that all development prospects are indicative and subject to council approval and independent due diligence.

It is important to note that some images accompanying this listing have been digitally enhanced or staged to protect tenant privacy. Prospective purchasers are strongly advised to conduct physical inspections to fully appreciate the property's attributes and potential.