News

Cleveland CSIRO Site Sold For $3.4M

By Aaron Hivon

A substantial CSIRO property on Brisbane’s bayside has been sold by Ray White Commercial for $3.4 million.

The mixed use development site at Toondah Harbour, Cleveland, was sold to Redland City Council by Ray White Special Projects Queensland Directors Mark Creevey and Tony Williams and Ray White Commercial Bayside Director Nathan Moore.

“The Toondah Harbour precinct has been identified by the Redland Council for significant mixed use development,” Mark Creevey said.

“The site is located next to the Stradbroke Island Ferry Terminal and has been used by CSIRO as a marine research facility for more than 30 years.

“The property has direct access to and wide views over Moreton Bay towards the popular tourist destination of North Stradbroke Island.”

Tony Williams said the 2ha site at 233 Middle Street comprises six adjacent lots and includes approximately 4000 sqm of commercial buildings.

“Positioned at the end of Middle Street, Cleveland, and with frontage to Toondah Harbour, this is a landmark location,” Mr Williams said.

“The site is only 1.5km from the growing Cleveland CBD and 26km from Brisbane’s city centre.”

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