Versatile Investment with Income and Long-Term Redevelopment Potential

RWC Bayside, in conjunction with Remax On Point, is pleased to present 312 Colburn Avenue, Victoria Point to market For Sale.

Situated on a generous 2,050sqm* allotment, this outstanding property is zoned Medium Density Residential and benefits from existing commercial approvals, allowing for a wide range of potential residential or commercial uses.

The site is rich in character without being encumbered by any heritage or character overlays, providing significant flexibility and strong development upside.

The existing improvements are configured as a mix of serviced offices and storage areas, currently generating approximately $90,000 gross income per annum + GST, with 3 vacancies across 11 tenancies, offering immediate income with scope for further upside.

This is an opportunity to secure a flexible site in the heart of Victoria Point, ideal for medium-density residential development or the establishment of a prominent commercial presence. Located within a high-growth and tightly-held precinct, the property will appeal to investors, developers, and owner-occupiers alike.

Location highlights:
• YMCA, medical centres, pathology and physiotherapy services nearby
• Action Indoor Sports Centre and child minding facilities - 200m*
• Meals on Wheels - 100m*
• Victoria Point State School - 300m*
• Faith Lutheran Junior College - 300m*
• St Rita's Catholic Primary School - 600m*
• Sharks Football Club - 300m*
• Retail, dining & recreation

The property is conveniently located just 2km* from Victoria Point Tavern, McDonald's, and two major shopping centres anchored by Kmart, Woolworths and Aldi. Cinemas, restaurants, and Bunnings are also within the same 2km* radius, while the beaches, marina and the waters of Moreton Bay are approximately 4km away, further enhancing the lifestyle appeal of this outstanding location.

This residential development site is perfectly positioned within an established and highly desirable community offering excellent lifestyle, education, health, and retail amenities, creating an ideal area to live, work, and invest.

For Sale : Offers over $2,350,000 ex GST

For more information or to arrange an inspection, please contact Nathan Moore or Alex Sinclair at RWC Bayside, or John Dixon at Remax On Point.

* Approximately

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