10-12 Colburn Street

Large development parcels in Cleveland are becoming increasingly difficult to secure, particularly in established residential pockets close to essential amenities and bayside conveniences. Set on an expansive 1220m² allotment with an approximate 30-metre frontage, this property presents a compelling opportunity for developers, builders, investors and land-bank buyers seeking a site with flexibility, scale and future upside. The property offers scope for a variety of development outcomes, including the potential for a 3-lot subdivision of approximately 406m² per lot, or alternatively a 2-lot configuration with varying allotment sizes, all subject to council approval (STCA). There is an existing dwelling currently on site, however the property is being offered as a development opportunity with the underlying value firmly in the land and its future potential. The existing home is currently habitable, providing purchasers with the option to generate rental income or occupy the property while finalising future development plans and approvals. A Site with Genuine Flexibility: The size and frontage of the allotment create multiple possibilities for buyers looking to capitalise on Cleveland's ongoing demand for new housing and quality land supply. Whether the strategy is subdivision, redevelopment, resale or a longer-term hold, the site provides the scale and positioning to explore a range of options. Key Features • Expansive 1220m² allotment • Approximate 30-metre frontage • Existing dwelling currently on site • Potential for 3 lots STCA • Potential 2-lot subdivision configuration • Quiet, established Cleveland location • Strong surrounding owner-occupier market • Convenient access to schools, transport, shopping and waterfront amenities Why Cleveland Continues to Perform: Cleveland remains one of the Redlands Coast's most tightly held suburbs, attracting consistent demand from families, downsizers, professionals and investors seeking lifestyle-oriented living with strong infrastructure already in place. The appeal of established bayside suburbs continues to support demand for newly built homes, particularly on low-maintenance allotments within convenient residential locations. Opportunities to secure sizeable landholdings in Cleveland are becoming increasingly limited. For developers and project buyers searching for their next acquisition, this property warrants serious consideration. Undertake your due diligence. Assess the potential. Secure a prime Cleveland site. DISCLAIMER: In preparing this information, we have used our best endeavours to ensure that the information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own inquiries to verify the information contained herein. All information is provided as a convenience to clients.