FOR SALE
$2.25m

14 Second Avenue
Bongaree QLD 4507

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1986m2
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1986m2 DEVELOPMENT SITE – PRIME LOCATION - BRIBIE ISLAND

14-18 SECOND AVENUE, BONGAREE, QLD 4507
Vacant half acre development sites are virtually non-existent on Bribie Island, so this represents a unique opportunity for the construction of a multi-residential unit block, commercial development or a mixture thereof on this flexible property in the heart of Bongaree.
Demand is high for short term accommodation, with limited options available for the thousands of tourists that flock to this beautiful Island. Alternatively, build commercial premises on ground level and residential units with water views above and diversify your investment to appeal to a wider audience.
Preliminary plans for 43 units including retail outlets have been completed by the owner and his architects for a perfect example of local demand and position on the available allotments.
The site consists of 1,986m2 spread over 3 lots;
- Lot 1 = 746m2
- Lot 2 = 615m2
- Lot 3 = 625m2
For further information on this fantastic investment opportunity, please contact Roy Freeth @realty Bribie Island & Surrounds.

Property Details for 14 Second Ave, Bongaree

Building Type
Land
Land Size
1986m2

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About Bongaree 4507

The size of Bongaree is approximately 6.9 square kilometres. It has 17 parks covering nearly 34.8% of total area. The population of Bongaree in 2011 was 6,523 people. By 2016 the population was 6,940 showing a population growth of 6.4% in the area during that time. The predominant age group in Bongaree is 60-69 years. Households in Bongaree are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bongaree work in a professional occupation. In 2011, 63.6% of the homes in Bongaree were owner-occupied compared with 64% in 2016.

Bongaree has 5,098 properties. Over the last 5 years, Houses in Bongaree have seen a 63.00% increase in median value, while Units have seen a 79.88% increase. As at 31 October 2024:

  • The median value for Houses in Bongaree is $797,966 while the median value for Units is $602,069.
  • Houses have a median rent of $590 while Units have a median rent of $500.
There are currently 41 properties listed for sale, and 6 properties listed for rent in Bongaree on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Bongaree.

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