Cleveland CSIRO Site Sold For $3.4M

CSIRO SITE AT CLEVELAND SOLD FOR $3.4 MILLION

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.”