Kippa Ring
AVENUE
1.34 HECTARE* REDCLIFFE PENINSULA LANDMARK DEVELOPMENT SITE
Information Memorandum
One of South East Qld’s most significant redevelopment opportunities.
Ray White as exclusive agents are pleased to present to the market 425-433 Elizabeth Avenue, Kippa-Ring, one of South East Qld’s most significant redevelopment opportunities.
This 1.34 Ha* landmark site is located in the heart of the Redcliffe Peninsula and provides a range of options for buyers to occupy, invest, hold or redevelop.
Key Features:
• Land Area: 1.34 Hectares*
• Provides holding income
• Flexible options for owner occupiers, investors or developers looking to acquire a landmark large-scale site located in the heart of the Redcliffe Peninsula
• Zoned General Residential - Urban Neighbourhood under the City of Moreton Planning Scheme
• Potential for large-scale medium to high density residential development up to 5 Storeys (Code Assessable)
• Range of potential residential options including Build to Sell, Build to Rent, Social / Affordable Housing or Retirement / Aged Care^
• Frontage of 110m* to Miller Street and 140m* to Elizabeth Avenue with 16,800* vehicles passing daily1
• 550m* to Peninsula Fair Shopping Centre and 650m* to Kippa-Ring Railway Station2
• In close proximity to a wide variety of well-established local shopping, education, public transport, health, employment and recreational facilities and amenities
Investment Highlights
Significant Scale and Development Potential
This substantial 1.34ha* parcel presents a rare opportunity for largescale development in the sought-after Kippa-Ring area. Comprising three adjoining allotments on the eastern side of Elizabeth Avenue, the site's size allows for significant flexibility in design and development options, catering to a range of potential endproducts. The scale of the landholding positions this property as a prime investment for developers looking to capitalise on the growing demand for housing and amenities in this coastal suburb. The minimal site gradient and corner position, further benefits future development and reduces potential construction costs.
Favourable Zoning and Urban Neighbourhood Precinct
The property's General Residential zoning within the Urban Neighbourhood Precinct under the Moreton Bay Regional Council Planning Scheme provides a clear pathway for residential development. This zoning encourages a mix of dwelling types and densities, allowing for a diverse range of housing options to meet market demand. The Urban Neighbourhood Precinct specifically targets a minimum density of 45 dwellings per hectare, maximizing land use efficiency and supporting the provision of local services. This supportive planning framework significantly de-risks the development process and provides a strong foundation for a successful project. The emphasis on maximizing the use of land near services and public transport or seaside amenity aspects is directly applicable to this site.
Income Stream from Established Tenants
The two existing commercial buildings at 425 and 427 Elizabeth Avenue provide a holding income while development plans are finalised and approvals are obtained. Currently leased to established tenants, Kindred Property Group and The Vine Lab and Village Motors respectively, these occupants offer immediate cash flow and contribute to the property's overall investment appeal. This existing income stream can assist with holding costs and provides a buffer during the forward development of the site.
Compelling Concept Schemes
The site holds a preliminary development package that includes two concept schemes for a Build-to-Rent (‘BTR’) project. The ‘compliant scheme’ demonstrates the construction of five, five-storey buildings comprising 254 units, a 720m2* commercial area and 292 car parks. The more ambitious ‘impact scheme’ shows five buildings ranging from 5-8 storeys, accommodating 327 units, a 720m2 commercial area and 377 car parks. These schemes offer a tangible starting point for potential investors, that potentially showcase the development capacity of the site.
Strategic Location with Access to Amenities
The site’s prime location along Elizabeth Avenue in Kippa-Ring offers residents convenient access to a wide range of amenities. The site’s proximity to major shopping centres such as Peninsula Fair and KippaRing Shopping Centre, as well as recreational facilities such as Pacific Park and Redcliffe Beach, caters to the daily needs and leisure pursuits
of future residents. The presence of nearby schools, childcare centres, and the TAFE Queensland Redcliffe Campus further enhances the appeal for families and individuals seeking a well-connected lifestyle. The added benefit of the Redcliffe Hospital being positioned just 4 minutes* from the site provides significant peace of mind and adds to the desirability of the location.
Strong Transport Connectivity
The site benefits from excellent transport links, ensuring easy access to surrounding areas. The site is situated only 15 mins* from the Bruce Highway M1, providing access to the Brisbane CBD and southern Sunshine Coast. Additionally, the Kippa-Ring Train Station is only a 350m* walk from the property. The strategic positioning is a major benefit for commuters and those seeking convenient travel options enhancing connectivity and reducing reliance on private vehicles.
Strong Market Fundamentals and Growth Potential
The Moreton Bay region is experiencing continued population growth and increasing demand for quality housing. Kippa-Ring, in particular, attracts strong interest from a wide range of groups due to its affordability compared to other coastal, Queensland suburbs. This positive market dynamic, combined with the property's scale, zoning, and strategic location, positions it for significant capital growth and strong returns on investment. The opportunity to create a highquality residential development in this thriving area is a compelling proposition for investors seeking longterm value.
Fair Shopping Centre
Site
Redcliffe Harness Racing & Sporting Club Kippa-Ring Railway Station
STREET ADDRESS 425-433 Elizabeth Avenue, Kippa-Ring, QLD, 4021.
Address
425 Elizabeth Avenue Lot 2 on RP165564 6,727m2*
RPD & SITE AREA
427 Elizabeth Avenue Lot 1 on RP165564 5,049m2*
433 Elizabeth Avenue Lot 1 on RP81519 1,619m2*
Total 13,395m2* (1.34ha*)
The site comprises three adjoining allotments that form a 13,395m2* (1.34ha*) parcel that is positioned on the eastern side of Elizabeth Avenue. On-site features include:
425 Elizabeth Avenue: An irregular shaped corner allotment with a two-level commercial office building and front uncovered car park. The commercial office is leased by Village Motors to Kindred Property Group expiring 31 August 2025. A summary of the lease details is provided overleaf.
SITE DESCRIPTION
427 Elizabeth Avenue: An irregular shaped allotment with a single-level commercial office building as well as a front and rear uncovered car park. The commercial office is leased by Village Motors to Moreton Bay Region Industry and Tourism. A summary of the lease details is provided overleaf.
433 Elizabeth Avenue: A rectangular shaped allotment that functions as additional, uncovered car parking for 427 Elizabeth Avenue.
The site is extensively cleared with remaining vegetation concentrated along the southern boundary facing Miller Street. The rise and fall across the site is less than 1m, running east to west at a relatively consistent gradient towards Elizabeth Avenue.
FRONTAGE & STREET ACCESS Street access is from Elizabeth Avenue and Miller Street with a combined frontage of 135m* and 122m*, respectively.
SERVICES The subject property is connected to all normal services including reticulated water, stormwater, sewerage, electricity, gas and communication networks.
SEQ REGIONAL PLAN Urban Footprint.
LOCAL AUTHORITY City of Moreton Bay.
SITE ZONING
Legend: General Residential - Urban Neighbourhood
REGISTERED EASEMENTS
Legend: Subject Property Easements
TOWN PLANNING CONSIDERATIONS
General Residential Zone Code
Purpose:
1. The purpose of the General residential zone code is to provide for residential activities supported by a range of community uses and small-scale services, facilities and infrastructure that cater for local residents.
2. The purpose of the General residential zone is to provide mechanisms to promote and implement an appropriate mix of dwelling types across the coastal communities, suburban neighbourhood, next generation neighbourhood and urban neighbourhood precincts to accommodate a range of household sizes, age groups, socio-economic groups, cultures and ability levels within the community.
3. The purpose of the General residential zone is to implement the policy direction set out in Part 3, Strategic framework.
Kindred Property Group is a leading independent real estate agency in South East Queensland, Australia, founded in 2008. Serving the Greater North Brisbane area, they offer comprehensive residential property sales and management services. Beyond real estate, Kindred Group's diverse portfolio includes property development, marina operations, conveyancing services, and virtual tour technology, all united by the vision to make a real difference in their communities.
www.kindred.com.au
Urban Neighbourhood Precinct (Summarised In Short Verbatium)
Purpose:
The purpose of the code will be achieved through the following overall outcomes for the Urban neighbourhood precinct:
1. The Urban neighbourhood precinct will mainly be comprised of a series of residential neighbourhoods that will each achieve a minimum site density of 45 dwellings per hectare and can support the provision of local services.
2. Development in the urban neighbourhood precinct maximises the efficient use of land through appropriate built form and land use intensity. Land is to be developed to an intensity that will capitalise on the site’s proximity to services and public transport or seaside amenity aspects.
3. Neighbourhoods will have a mix of housing forms, sizes and tenure, providing choice and affordability for different lifestyles and life stages to meet diverse community needs.
4. The scale and density of development facilitates an efficient land use pattern that supports compact, walkable and sustainable communities that are well connected to centres, community and social infrastructure.
5. Neighbourhoods are designed to provide well-connected, safe and convenient movement and open space networks through interconnected streets and active transport linkages that provide high levels of accessibility between residences, open space areas and places of activity.
6. Home based business can only be established where the scale and intensity of the activity does not detrimentally impact upon the character and amenity associated with the surrounding area. Specifically, Home based business does not include the sale or restoration of more than 4 vehicles in any calendar year or, undertake a mechanical repairs or panel beating activity associated with a business at the subject premises.
7. Etc.
The Vine Lab, established in July 2024, is a dynamic organization based in the Moreton Bay region of Queensland, Australia. It emerged from a strategic transformation of the Moreton Bay Region Industry & Tourism (MBRIT), with founder and former CEO Shane Newcombe at the helm. This transition allowed MBRIT to focus on its core initiatives, while The Vine Lab assumed responsibility for various commercial and media ventures. Beyond media and events, The Vine Lab offers marketing and partnership services, collaborating with local businesses and organizations to enhance community engagement and economic growth.
www.thevinelab.com.au
Village Motors is a family-owned automotive dealership with over 40 years of experience, serving the Moreton Bay region of Queensland, Australia. They offer a comprehensive range of services, including the sale of new and used vehicles, maintenance, and parts. The dealership represents several major automotive brands, such as Nissan, Renault, GMSV, GWM Haval, LDV, Mahindra, RAM Trucks, and KGM SsangYong.
www.villagemotors.com.au
Concept Schemes Summary
We note that the below development statistics were provided by Ellivo Architects for Village Motors as part of a preliminary development package. The package outlines two concept schemes; a compliant scheme (254 units) and an impact scheme (327 units). A summary of each is shown below.
Compliant Scheme
BUILDING LAYOUT
Impact Scheme
BUILDING LAYOUT
COMMERCIAL & RETAIL COMPONENT
MSES Waterway Buffer
Space/Park
Subject Site
Deception Bay
Kippa-Ring
KIPPA-RING
Kippa-Ring, home to almost 10,000* residents, is a popular residential locality and a significant commercial hub of the Moreton Bay Regional Council. It is located at the junction of two major arterial roads, Anzac Avenue and Elizabeth Avenue, in close proximity to the Redcliffe bayside.
Located just 37km* north of the Brisbane CBD, Kippa-Ring boasts unparalleled local amenity. Residents enjoy easy access to major road networks and the Kippa-Ring Train Station, two shopping centres, local supermarkets and retail, the Redcliffe Hospital, and a variety of top-tier educational facilities including multiple state and private schools.
Moreton Bay
ABOUT
The Moreton Bay region, Australia’s third-largest local council by population, is experiencing increasing popularity as Brisbane's urban expansion extends northward. Positioned within the northern growth corridor toward the Sunshine Coast, the area provides affordable housing, a family-friendly atmosphere, excellent rail and road connections to both Brisbane and the Sunshine Coast, and strong employment opportunities.
POPULATION
With a population exceeding 500,0001 and a land area of 2,045 square kilometres2, the Moreton Bay Local Government Area is one of the largest and fastest growing council areas in Australia3. Over the next 20 years, an additional 200,000 people4 are expected to call Moreton Bay home.
INDUSTRY
The region is a powerhouse of economic growth that has outperformed other South East Queensland locations, growing at an average of 3.0% every year over the last 20 years to $21.95 billion in 20235. The region's economy is projected to reach $40 billion6 by 2041, supporting the creation of 100,000 new jobs and 16,000 new businesses7.
500,000+ Population Forecast to be 700,000 in 2041
$21.95 Billion GRP Forecast to be $40 Billion in 2041
3rd Largest LGA in Australia
5th Fastest Growing Region in Australia8
TOURISM
Over the past decade, Moreton Bay has become a premier leisure events destination, hosting major festivals like the Moreton Bay Food & Wine Festival, KiteFest, and Woodford Folk Festival. Iconic venues such as Eatons Hill Hotel and Sandstone Point Hotel further draw visitors year-round with award-winning food festivals, concerts, and family entertainment.
Kippa-Ring Demographic Overview
Kippa-Ring is a suburb of the fast-growing Moreton Bay region with a 2023 estimated resident population of approximately 9,8381 residents.
The suburb is popular with single person households, couples with children, and couples without children, which comprise 28.4%, 23.1%, 22.3%2 of all households, respectively.
The area is generally home to an older working-age demographic, with a higher median age of 43 and the majority of residents aged 50–593 years. Most residents are employed across the main occupations of technicians and trades workers (16.3%), community and personal service workers (14.7%), and clerical and administrative workers (13.8%)4.
Commercial Market Overview 10
The Redcliffe Peninsula stands as an economic powerhouse, generating an impressive $5,180 million in gross local revenue and supporting 19,870 jobs. Within this thriving region, Kippa-Ring serves as a major commercial hub of the City of Moreton Bay Council area, providing essential services to the peninsula and its surrounds.
Retail and commercial demand is growing significantly in the area amidst significant population growth attracted to the coastal lifestyle, excellent amenities, and easy accessibility to the Brisbane CBD. Demand is especially strong for well-positioned centres located within walking or short driving distance of schools, retail amenities, and transport hubs including the Kippa-Ring train station.
Snapshot
The local property market remains relatively affordable compared to other locations in Queensland, with the median house price at $772,500 having grown significantly 83.9% over the past 5 years. Affordability, good median yields and low vacancies are the attractions for investors, with houses and units attracting gross yields of 4.3% and 5.5%. respectively. The suburb’s vacancy rate in February 2025 was 1.0% , which is well below the recommended range of 2-3%, reflecting a very tight and undersupplied rental market. Housing
Source: www.investmoretonbay.com.au (Redcliffe Peninsular District).
Source: REA Kippa Ring, February 2025. SQM Research (February 2025).
Kippa-Ring
Newport Marina
Redcliffe Beach
Peninsula Fair Shopping Centre
Kippa-Ring Shopping Centre
Subject Site
Redcliffe Beach
Redcliffe Leagues Club Scarborough Kayo Stadium
Kippa-Ring Railway Station Newport HOYTS
Moreton Bay Boat Club
Kippa-Ring
Major Employment Generators 11 Major Employment Generators
90%, would be directly injected into the Moreton Bay region every year7
A master plan for the Scarborough Harbour will reactivate the precinct and create dramatic opportunities for tourism and marine industries8 . Plans have been released for a multi-million-dollar upgrade to the renamed Sandstone Point Marina, which include refurbishments to the waterfront dining and waterfront apartments complex.
Narangba Business Park
Caboolture West (Waraba)
North Coast Connect Project
New Hospital at Petrie
Brendale Business Park University of the Sunshine Coast (Petrie)
The Mill at Moreton Bay PDA
Moreton Bay Indoor Sports Centre
Scarborough Harbour
Sandstone Point Marina Upgrade
For Sale by Expressions of Interest
Closing Wednesday 3 April 2025 and 4pm (AEST).
THE SELLER RETAINS THE RIGHT (IN THEIR ABSOLUTE DISCRETION) TO:
• Decline to consider and/or accept any Expressions of Interest lodged in response to this invitation;
• Negotiate directly with any party who has lodged an Expressions of Interest at any stage;
• Accept or decline a non-conforming Expressions of Interest at any stage of the sale process;
• Enter into any agreement for sale of the property on such terms as are acceptable to the sellers discretion;
• Change this invitation;
• Require additional information from a party who has lodged an Expressions of Interest;
• Reject all or any Expressions of Interests at any time for any reason; and
• Withdraw the property from sale
Sale Documents are available from the marketing agent upon request.
DUE DILIGENCE INFORMATION
A complete dataroom is available to qualified parties which can be accessed via secure digital pigeon link. Please contact the marketing agents to obtain access.
AGENT CONTACT DETAILS
All enquiries in relation to this opportunity are to be directed to the exclusive marketing agents:
Chris Massie 0412 490 840 chris.massie@raywhite.com
Tony Williams 0411 822 544 tony.williams@raywhite.com
Aaron Canavan 0447 744 948 aaron.canavan@raywhite.com
Mark Creevey 0408 992 222 mark.creevey@raywhite.com
Disclaimer 13
The information contained in this Information Memorandum and any other verbal or written information given in respect of the property (“Information”) is provided to the recipient (“you”) on the following conditions:
1. SP Agency Services Pty Ltd trading as Ray White Special Projects (Qld) and North Coast Commercial Properties Pty Ltd trading as Ray White Northern Corridor Group or any of its officers, employees or consultants (“we, us”) make no representation, warranty or guarantee, that the Information, whether or not in writing, is complete, accurate or balanced. Some information has been obtained from third parties and has not bee independently verified. Accordingly, no warranty, representation or undertaking, whether express or implied, is made and no responsibility is accepted by us as to the accuracy of any part of this, or any further information supplied by or on our behalf, whether orally or in writing.
2. All visual images (including but not limited to plans, photographs, specifications, artist impressions) are indicative only and are subject to change. Any measurement noted is indicative and not to scale. All outlines on photographs are indicative only.
3. The Information does not constitute, and should not be considered as, a recommendation in relation to the purchase of the property or a solicitation or offer to sell the property or a contract of sale for the property.
4. You should satisfy yourself as to the accuracy and completeness of the Information through your own inspections, surveys, enquiries, and searches by your own independent consultants, and we recommend that you obtain independent legal, financial and taxation advice. This includes as to whether any listing price is inclusive or exclusive of GST.
5. We are not valuers and make no comment as to value. “Sold/ leased” designations show only that stock is “currently not available” – not that the property is contracted/ settled. If you require a valuation we recommend that you obtain advice from a registered valuer.
6. The Information does not and will not form part of any contract of sale for the property. If an interested party makes an offer or signs a contract for the property, the only information, representations and warranties upon which you will be entitled to rely will be as expressly set out in such a contract.
7. Interested parties will be responsible for meeting their own costs of participating in the sale process for the property. We will not be liable to compensate any intending purchasers for any costs or expenses incurred in reviewing, investigating or analysing any Information.
8. We will not be liable to you (to the full extent permitted by law) for any liabilities, costs or expenses incurred in connection with the Information or subsequent sale of the property whatsoever, whether the loss or damage arises in connection with any negligence, default or lack of care on our part.
9. No person is authorised to give information other than the Information in this Information Memorandum or in another brochure or document authorised by us. Any statement or representation by an officer, agent, supplier, customer, relative or employee of the vendor will not be binding on the vendor or us.
10. To the extent that any of the above paragraphs may be construed as being a contravention of any law of the State or the Commonwealth, such paragraphs should be read down, severed or both as the case may require and the remaining paragraphs shall continue to have full force and effect.
11. You may not discuss the Information or the proposed sale of the property with the vendors or with any agent, friend, associate or relative of the vendor or any other person connected with the vendor without our prior written consent. We accept no responsibility or liability to any other party who might use or rely upon this report in whole or part of its contents.
12. The Information must not be reproduced, transmitted or otherwise made available to any other person without our prior written consent.
Details of Proposed Buyer
BUYER ACKNOWLEGDEMENT FORM
In submitting an Expressions of Interest to buy the subject property (“EOI”), the Proposed Buyer agrees to the following conditions:
1. The Proposed Buyer agrees to and accepts all disclaimers, limitations and qualifications in any written or verbal brochure, advertisement, representation, search, advice or information issued by the Vendors or Ray White or anyone on behalf of either of them (“Marketing Material”).
2. The Proposed Buyer acknowledges that the Proposed Buyer has to satisfy itself about the characteristics, value, potential and features of the subject property by relying only on the Buyer’s own enquiries and investigations and not on any Marketing Material. Therefore, neither the Vendors nor Ray White (or their respective employees and agents) will be liable if any Marketing Material is incorrect, incomplete or misleading.
3. The Proposed Buyer accepts and agrees to the terms of the Disclaimer in the Information Memorandum containing this EOI form.
4. The Proposed Buyer agrees that the Vendors will not be obliged to sell the subject site in response to this or any particular EOI.
5. The Vendors may sell the subject site to any person they choose, as a result of the EOI process or otherwise, or not at all. The Proposed Buyer cannot assume or expect that:
• The Vendors will negotiate, or not negotiate, with the Proposed Buyer or any other respondent;
• The Vendors will accept the highest purchase price offered;
• The Vendors will consider any particular feature of an EOI or other proposal to buy the subject site as determinative; or
• The submission of the Proposed Buyer’s EOI will lead to any particular outcome.
6. No claim can be made against the Vendors or Ray White in relation to any costs or expenses incurred by a respondent in evaluating the subject site or submitting an EOI.
7. This EOI constitutes an Expression of Interest by the Proposed Buyer to negotiate for the possible sale and purchase of the subject site.