The sale of the consolidated development site at 22 Waterloo Street, 140–146 Queen Street and 24–26 Taylor Crescent, Cleveland represents a considered and strategically executed transaction within the Cleveland business centre. Comprising a total land area of 5,223m² across seven separate titles, each with individual street frontage and access, the site offered flexibility and scale rarely assembled within this established precinct.
Zoned Medium Density, the property benefitted from three street frontages to Waterloo Street, Queen Street and Taylor Crescent, and was centrally positioned approximately 350m from Cleveland Train Station, 600m from Cleveland Central Shopping Centre and 750m from Cleveland State School. Located approximately 28km east of the Brisbane CBD, the address would appeal to developers seeking well-located residential opportunities within a growing bayside centre.
At the time of sale, the site was offered with a development approval for a five-level project comprising 118 units. The quality of the approval documentation and the advanced state of planning meant the site was effectively shovel-ready, significantly reducing risk and timeframes for prospective purchasers. This was a key driver of buyer confidence and competition throughout the campaign.
To ensure the strongest possible outcome for the client, a strategic decision was made to recommend a conjunction appointment with Ray White Special Projects. This approach combined RWC Bayside’s local market knowledge and relationships with the broader reach and development expertise of the Special Projects team. The collaborative strategy ensured the opportunity was exposed to both local and national development groups with the capability to execute a project of this scale.
A comprehensive Expressions of Interest campaign was conducted over a four-week period, generating 52 enquiries and a number of strong offers. This depth of enquiry allowed the field to be narrowed to the two most qualified and capable operators, creating a focused and efficient negotiation process. Ultimately, the site was secured by a prominent local development group who have incorporated the project into their future pipeline and anticipate commencing construction in 2026.
This transaction demonstrates how detailed preparation, targeted market engagement and an integrated sales strategy can deliver certainty and value for clients. For a considered, end-to-end approach to commercial property sales and leasing, contact Nathan Moore at RWC Bayside.
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Nathan Moore : 0413 879 428
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