REDLAND BAY MARINA - PRIORITY DEVELOPMENT AREA

Welcome to 18 Meissner Street, Redland Bay. This property will no doubt be met with a lot of excitement, as it brings a great opportunity for an astute investor or developer to own a property in what is now a very tightly held location.

Tightly held because it is positioned right in the middle of the Weinam Creek and Redland Bay Marina Priority Development Area (PDA).

The Master Plan for the PDA redevelopment has been approved by the Queensland State Government and is managed by Economic Development Queensland (EDQ).

The development potential of the property is for units up to 5 storeys subject to approval.

The huge 961m2 parcel of land currently has an existing newly renovated double storey home ready to occupy.

The Redland Bay Marina Precinct is an extension of the Redland Bay Central Shopping and Business Centre. This waterfront township has been paradise for many people who have already enjoyed the Bay life, and is now evolving into one of Australia's most sought-after destinations.

The busy Marina is the hub for the bay island fast-cat passenger ferries and the vehicle and passenger barge that island hops and takes vehicles and passengers to Stradbroke Island.

18 Meissner Street is located in the heart of the marina and the Weinam Creek Masterplan. The Plan involves construction of a multi-level car park and a dedicated retail space for a national grocery store and specialty retailers.

The Marina Redland Bay redevelopment within the Weinam Creek PDA will deliver more car parks, travel and transport upgrades, an activated foreshore with more open space, rejuvenated parkland, improved road infrastructure to reduce traffic congestion, retail, restaurants, and cafes.

The redevelopment site is the main access point to the Southern Moreton Bay Islands and will be completed in stages over the next three years.

"The approved Weinam Creek Master Plan is set to create an exciting and dynamic destination in its own right - as well as an effective transport hub and gateway to the islands." Said Mayor Karen Williams. "This exciting opportunity will create significant appeal from investors and developers across Australia".

The Weinam Creek Priority Development Area is a major redevelopment project that will transform the Redland Bay waterfront. It is expected to create more than 700 jobs and generate almost $30 million for the local economy. The rejuvenation of the precinct to create the new Marina Redland Bay will deliver much-needed travel and transport upgrades, community and retail services, and visitor attractions.

Key features of the redevelopment include:
Increased parking.
Less traffic congestion.
Rejuvenated parks and pathways.
Activated foreshore with family friendly areas.
New boating facilities.
Restaurant, grocery, retail and medical precinct.
More employment opportunities.

18 Meissner Street is a family-owned property offered for sale for the very first time. The owners are open to discussion about the value of the property. For a price guide call us anytime on 32076000.

Please call us for more information or google Weinam Creek EDQ for more information or call Redland City Council on 38298999.

Economic Development Queensland (EDQ) assesses development applications together with Redland City Council. All development applications are assessed against the development scheme.

*Important* Whilst every care is taken in the preparation of the information contained in this marketing, Tidbold Real Estate will not be held liable for any errors in typing or information. All information is considered correct at the time of advertising.