$229,000

Welcome to 1-5 Kurrajong Road..........a massive 1,621m2 triple block with 3-street access. The middle block is zoned as "central residential" and is book-ended by blocks zoned as "neighbourhood centre."

Situated perfectly to cater to the whole of Russell Island, you will be 4-1/2kms south of the ferry terminal and shopping centre and 3kms north of Sandy Beach.

With such a unique and strategically positioned property, the development possibilities are abundant. Here are some potential avenues to explore:

1. Mixed-Use Development: Given the dual zoning, consider a mixed-use development that combines residential and commercial elements. This could include residential apartments or townhouses on the central block, with retail shops, cafes, or offices on the adjacent commercial-zoned blocks. Mixed-use developments often create vibrant communities and cater to diverse needs within the neighborhood.



2. Residential Complex: Utilize the central residential-zoned block to construct a residential complex, such as apartments or condominiums. With ample space on the 1,621m2 parcel, you could design a modern and attractive living space that appeals to residents looking for convenience and comfort.



3. Retail Center: Take advantage of the scarcity of commercial-zoned land by developing a neighborhood retail center on one or both of the commercial-zoned blocks. This could include a mix of retail outlets, restaurants, and service providers, catering to the needs of local residents and drawing customers from surrounding areas.



4. Office Space: With the growing demand for office space, especially in convenient locations, consider constructing office buildings on the commercial-zoned blocks. This could attract businesses looking for well-positioned premises, such as professional services, small businesses, or startups.



5. Community Hub: Create a community hub that serves as a focal point for social interaction and leisure activities. This could include amenities such as a community center, green spaces, playgrounds, and cafes. A well-designed community hub adds value to the neighborhood and fosters a sense of belonging among residents.



6. Mixed-Use Town Center: Transform the property into a vibrant town center by combining residential, commercial, and recreational elements. Develop a mix of shops, restaurants, residential units, and public spaces to create a lively and attractive destination for both residents and visitors.



7. Health and Wellness Facility: Given the increasing focus on health and wellness, consider developing a facility that offers services such as fitness centers, wellness clinics, spas, and healthy eateries. This could cater to the growing demand for holistic health solutions and contribute to the well-being of the community.



8. Hospitality and Accommodation: Explore the possibility of developing hospitality facilities such as boutique hotels, bed and breakfasts, or short-term rental properties. With the island's appeal to tourists and visitors, there may be opportunities to capitalize on the demand for unique and well-located accommodation options.



There is power, water and NBN running by ready to be connected. This is an amazing opportunity to build a business on the rapidly growing Russell Island.

Russell Island is only a twenty-minute ferry ride from the mainland (Redland Bay) with Brisbane city forty minutes north and the beautiful Gold Coast forty minutes south. Drive to Redland Bay Marina, jump on the ferry, walk 100m to Russell Island Real Estate and discover what awaits you for the next exciting chapter of your life!

Please call Scott on 0450 522 399 to enquire today.

When considering these development possibilities, it's essential to conduct thorough market research, feasibility studies, and consultations with relevant stakeholders to ensure that the chosen project aligns with local regulations, market demand, and community needs.

Property Code: 3390