High-Value Development & Ultimate Lifestyle Opportunity – Oyster Point Precinct
104 Passage Street, Cleveland Set on a generous 900m² block in one of Cleveland’s most tightly held pockets, this versatile property offers a powerful combination of development potential (STCA), multi-generational living, and exceptional lifestyle appeal. Positioned moments from the water in the sought-after Oyster Point enclave, this address presents an outstanding opportunity for builders, developers, investors or families seeking space, flexibility and long-term value. With an expansive two-storey home plus a fully self-contained shed, the property provides strong holding income options while planning future improvements or redevelopment. Key Investment & Development Highlights • 900m² Block – Flat, Usable & Already Graded for Future Subdivision (STCA) The block has been professionally graded with all site water directed to the front of the property, ensuring optimal drainage and enhancing development feasibility. This forward-thinking preparation supports future options such as: – Subdivision – Dual-occupancy – Multi-dwelling construction (all subject to council approval) Blocks with this level of preparation and development foresight are extremely rare in the Bayside. • Existing Large Home – Multi-Generational or Rental Flexibility The main residence features five bedrooms, four bathrooms and multiple living zones, perfectly suited for extended families or strong rental yield. Upstairs includes five well-appointed bedrooms and a luxe master suite, while downstairs offers open-plan living and entertaining space. A standout feature, the shed includes: – Full kitchen – Living area – Bathroom – Independent entry Perfect for teenagers, extended family, guests. A high-demand lifestyle pocket surrounded by ongoing redevelopment, quality homes and strong capital growth. Location Snapshot • 350m to Oyster Point esplanade and walking tracks • 1.2km to Cleveland CBD & train station • 900m to Cleveland State School & Cleveland District High School • 1.3km to Raby Bay Harbour dining precinct • Minutes to shops, cafés, parks and the Stradbroke Island ferry 104 Passage Street is a blue-chip opportunity. A rare combination of development readiness (STCA), strong dual-living capability and a premium waterside location. With the block already graded for subdivision and water efficiently, much of the groundwork for future redevelopment has already been completed. Whether you're landbanking, developing or securing a flexible high-yield asset, this property delivers exceptional future upside and unmatched versatility. To find out more... Reach out to Riley ten Broeke today! Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
