FOR SALE
$229,000

1-5 Kurrajong Rd
Russell Island QLD 4184

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1621m2
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BUSINESS OPPORTUNITIES AWAIT YOU!

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.
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Property Details for 1-5 Kurrajong Rd, Russell Island

Building Type
Commercial
Land Size
1621m2

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About Russell Island 4184

The size of Russell Island is approximately 17.8 square kilometres. It has 64 parks covering nearly 13.3% of total area. The population of Russell Island in 2011 was 2,473 people. By 2016 the population was 2,834 showing a population growth of 14.6% in the area during that time. The predominant age group in Russell Island is 60-69 years. Households in Russell Island are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Russell Island work in a labourer occupation. In 2011, 62.7% of the homes in Russell Island were owner-occupied compared with 63.8% in 2016.

Russell Island has 9,463 properties. Over the last 5 years, Houses in Russell Island have seen a 98.23% increase in median value, while Units have seen a 99.83% increase. As at 31 August 2024:

  • The median value for Houses in Russell Island is $410,663 while the median value for Units is $530,235.
  • Houses have a median rent of $400.
There are currently 666 properties listed for sale, and 14 properties listed for rent in Russell island on OnTheHouse. According to CoreLogic's data, 541 properties were sold in the past 12 months in Russell island.

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