312 Colburn Avenue

Available for the first time in 23 years, this substantial 2,050m² Medium Density Residential site presents an outstanding opportunity for developers, investors, and land-bankers to secure one of Victoria Point's most strategic holdings. With council support for up to four storeys and approximately 46 units (STCA), this property offers significant development potential in a high-demand growth corridor. Concept plans are also available for an alternative motel development, providing flexibility for a range of outcomes. The site is currently improved with multiple tenancies delivering approximately $164,000 per annum (including GST), providing strong holding income while development plans are advanced. Key Features: 2,050m² Medium Density block in prime Bayside location Development potential for approx. 46 units across four levels (STCA) Existing improvements generating approx. $164,000 p.a. holding income from 13 tenancies, including a café Situated in a high-growth corridor with limited medium-density supply Strong demand driven by population growth and lifestyle appeal Location Benefits: 25 minutes to Brisbane CBD with excellent public transport and highway access Close proximity to major shopping centres, restaurants, cinemas, clubs, and entertainment Hospitals within 10 minutes, Bay Island ferry terminals within 23 minutes Beaches and lifestyle attractions nearby This is one of the last remaining large-scale infill sites in Victoria Point, backed by Redland City's planning support for smart, sustainable growth. The owner is motivated for a quick sale and ready to meet the market. For further details or to arrange a confidential discussion, please contact Altora Global today to secure!