26-36 Portwood Street,
Redcliffe 4020, Queensland

26-36 Portwood Street, Redcliffe presents a 4,043m²* development site positioned within the Peninsula's established health and commercial precinct.

Comprising six lots with approximately 80 metres of frontage to Portwood Street, the property offers strong exposure, dual street access, and a 21 metre height limit, supporting a range of future development outcomes (STCA).

The site is currently improved with a mix of commercial and residential buildings. The partially tenanted status sees the property generating holding income of $86,246, while the vacant tenancies provide potential to increase this to over $210,000 per annum.

Located within the City of Moreton Bay, one of South East Queensland's fastest growing regions, the property is surrounded by established healthcare, commercial, and residential uses and is well positioned to benefit from continued population growth and infrastructure investment across the Peninsula.

KEY FEATURES

• 4,043m²* landholding across six lots
• Current holding income of $86,246 from a mix of commercial and residential tenancies
• Potential to increase holding income to $210,000+ due to vacancies
• Dual street access enhancing design flexibility and staging capability
• 21m height limit allowing for multi-level development outcomes
• Positioned amongst established commercial and healthcare users
• Located within Redcliffe Medical precinct, which is benefiting from extensive Government investment

*approximately

LOCATION & MARKET CONTEXT

The Redcliffe Hospital precinct has emerged as one of the Peninsula's key healthcare and employment hubs, anchored by Redcliffe Hospital and supporting a growing catchment of approx. 190,000 residents, with strong long-term population growth forecast across Moreton Bay.

The precinct is currently undergoing a major transformation under the Queensland Government's Hospital Rescue Plan, part of an $18.5 billion statewide health infrastructure program.

Key upgrades include:

• At least 210 new overnight beds, significantly expanding capacity
• A new multi-storey clinical services building
• Expanded emergency, theatre, maternity, birthing, endoscopy, and outpatient services
• Major infrastructure upgrades including over 530 new car parks and improved site integration

Construction is underway, with staged delivery through to approximately 2032 and early capacity increases expected from 2027.

This sustained investment is reinforcing the precinct as a major health and services hub, driving demand for:

• Healthcare and allied medical uses
• Supporting professional services
• Medium to higher-density residential development
• Short-term accommodation and patient-related uses

Ongoing expansion, combined with strong population growth and improved infrastructure, is intensifying demand for surrounding land and development-ready sites.

For further information or to arrange an inspection, please contact the exclusive agents Grant Simpson & Aaron Canavan.