CBRE are pleased to present to market 141-143 Shore Street North, an absolute waterfront development opportunity in Cleveland. The site comprises 3,288sqm* of land positioned on the water overlooking Peel Island in Moreton Bay. The Medium Density Residential zoned site lends itself to high-end residential development outcomes.

Investment Highlights

Substantial Landholding Zoned Medium Density Residential
The 3,288sqm* site is comprised of two existing lots of 1,669sqm and 1,619sqm and is zoned Medium Density Residential, allowing for a range of development outcomes including townhouses, apartments and more, making it prime for high-end residential development.

Adjacent to Major Lifestyle Amenity
Privately positioned along Shore Street North, the site is within walking distance of landmark bayside destinations, including the Cleveland Lighthouse, Cleveland Point Recreation Reserve, Cleveland Yacht Club, and Redlands Boat Club, with the Stradbroke Ferry Terminal only 1.5km away.

Thriving Residential Catchment
Cleveland’s established demographic profile, comprising approximately 15,850* residents and a median age of 51 reflects a mature and stable community with enduring demand for bayside living. Between 2016 and 2021, the suburb recorded population growth of 7.1%, supported by lifestyle appeal and limited coastal supply. High home ownership levels at 66% further underpin the suburbs’ strong residential fundamentals.

Substantial Waterfrontage to Moreton Bay
Benefitting from 40m* of frontage overlooking Moreton Bay, the property occupies a prime location on the Cleveland peninsula, one of Redland City’s most desirable coastal suburbs, situated approximately 25km southeast of the Brisbane CBD. As the regional gateway to North Stradbroke Island, Cleveland attracts strong visitation and sustained residential interest, supported by its coastal setting and proximity to key lifestyle, commercial, and retail amenity.

141-143 Shore Street North, Cleveland is For Sale via Expressions of Interest closing 4:00PM Thursday, March 12, 2026 (AEST).