26-80 Kate Street

We present a unique opportunity to acquire this stunning 67-acre block of land located on Macleay Island, offering immense potential for various development projects. This expansive property boasts a picturesque setting and holds great promise for recreational, resort, or retirement village development, subject to council approval. With a rich history, including a previous Council consideration for development with an allocated budget of up to $80 million, this land represents an exciting investment prospect worthy of exploration with multiple high building sites, both waterfront and internal available. As the demand for exceptional resort complexes and modern retirement communities increases, Macleay Island holds great potential to meet these needs. Expanding tourism and an aging population present an attractive market for retreating retirees or vacationers seeking a luxury getaway. Recent media reports show the population growth on the islands is now three times the population growth of the mainland and the Redland City Council have acknowledged the growth of the islands by investing $48.6 million in new boat terminals for the four islands. A new $40 million Satellite Hospital was also recently built only mins from the mainland boat terminal and is now seeing patients which is providing Hospital Health care much closer to home for the Bay Residents. Macleay Island is the second largest of the four Bay Islands, situated 30km from Brisbane in the Moreton Bay Marine Park at the southern end of Moreton Bay (half way between the Gold Coast and Brisbane). It is 6.5km long and 4km wide at its widest point. Protected by North Stradbroke Island to the east, Macleay is connected to the mainland by ferries and barges, which also connect to inter-island transport for the four Bay Islands. Services on the island include town water, NBN, hotel, golf course, boat club, bowls club, shops, school, and a $2 million new Arts Centre is now under construction. This is a once in a lifetime unique opportunity and is on the market for the first time in 30 years. *If you're looking for a contract, due diligence must be done before the contract. Inspections by appointment Kev Perry 0408108785 All About Realestate Qld www.allaboutre.com.au E: kevperry@allaboutre.com.au Servicing Darling Downs: We Sell Your Home Not Your House Where a Handshake Still Matters