24-28 Macdonnell Rd, Margate, QLD 4019 | Commercial for sale | OnTheHouse
 
FOR SALE
EOI Closing 13 Aug 2026 4pm (AEST)

24-28 Macdonnell Road
Margate QLD 4019

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Bathrooms: -
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Land area: 1935m2
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Approved 40 Unit Coastal Residential Development Site

• 1,935m²* total site area providing rarely available scale in a highly fragmented coastal area
• Existing Development Approval for 40 apartments over 6 storeys
• Scope to further increase height limit^
• Capturing outstanding bayside views from the 3rd storey* and above
• Highly desirable coastal location, positioned 400m* from the waterfront and Margate Beach and Suttons Beach, offering future residents immediate access to bayside walking paths, recreational areas, and uninterrupted coastal amenity
• Redcliffe's vibrant town centre is within an easy 10-minute walk, providing a diverse mix of popular restaurants, cafés, boutique retail and short driving distance to Woolworths Margate
• The surrounding area is particularly well suited to families, with schools located within walking distance of the site. This is complemented by an abundance of nearby parks, playgrounds, and community recreation facilities, including the Redcliffe Lagoon, one of the Peninsula's most popular family and tourist destinations
• Approval strategically targeted towards owner-occupiers and downsizers, seeking a relaxed coastal lifestyle with strong community infrastructure at an affordable price in comparison with Sunshine Coast or southern Gold Coast markets
• The Redcliffe Peninsula has experienced sustained urban renewal over recent years, with a notable uplift in both the quality and scale of residential development
• Numerous luxury apartment and townhouse projects have been completed or are currently under construction, reflecting strong market confidence in the area. These projects collectively demonstrate an evolving market preference for higher-quality, design-led residential product and support the long-term growth trajectory of the precinct
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Property Details for 24-28 Macdonnell Rd, Margate

Building Type
Commercial
Land Size
1935m2
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About Margate 4019

The size of Margate is approximately 2.6 square kilometres. There are 12 parks, covering nearly 6.8% of the total area. The population of Margate in 2016 was 7405 people. By 2021 the population was 7575 showing a population growth of 2.3% in the area during that time. The predominant age group in Margate is 50-59 years. Households in Margate are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Margate work in a professional occupation.In 2021, 56.70% of the homes in Margate were owner-occupied compared with 53.20% in 2016.

Margate has 4,171 properties. Over the last 5 years, Houses in Margate have seen a 93.49% increase in median value, while Units have seen a 97.51% increase. As at 30 June 2026:

  • The median value for Houses in Margate is $1,111,947 while the median value for Units is $884,585.
  • Houses have a median rent of $625 while Units have a median rent of $520.
There are currently 40 properties listed for sale, and 18 properties listed for rent in Margate on OnTheHouse. According to Cotality's data, 173 properties were sold in the past 12 months in Margate.

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