Macleay Island industrial land development opportunity open for EOI
A formal Expression of Interest (EOI) process has opened to test the market for low impact industry development opportunities on Macleay Island land currently owned by Redland City Council.
The EOI, opened on 11 March, is inviting written submissions by 8 May 2020 from developers interested in the overall development (including purchase or lease) of approximately 6500m2 of land at 20-24 Kate Street, Macleay Island.
Zoned in the Redland City Plan 2018 for Low Impact Industrial uses, the rare land use opportunity allows potential developers to present their proposals for the development and tenure of the developable part of the land.
Currently used by Council as a works stockpile site, the available land has been identified as surplus to operational needs and is considered the most suitable island location for low impact industry offering both good access and appropriate buffers from other island properties.
The Council initiated land development opportunity is designed to supply functional industrial land for Macleay Island and support the development of economic activity and new local business opportunities.
With 2,679 residents and 1,724 properties at the 2016 census, Macleay Island is the second-largest of the four Southern Moreton Bay Islands (SMBI).
Like its neighbours, the island has experienced strong population growth in recent years with some of Australia’s best value coastal land located near to the major population centre of South East Queensland.
The long-term calls for more opportunity to develop light industry options for the island’s economy has helped drive Council’s decision to offer the site for low impact industry use.
In evaluating EOI submissions, Council will consider the perceived benefits the development proposals will offer in terms of the ability to meet the short term industrial needs of the Island and financial viability to Council.
The EOI evaluation process may also shortlist preferred development partner applications for future submission of Tenders under the provisions s228 of the Local Government Regulation 2012.
Council has appointed Ray White Commercial Bayside to manage the Expression of Interest on behalf of Council.
EOI documentation is available by contacting the agency on 07 3245 7199 or email to email@example.com.
Project background information is also located on the Your Say Redlands Coast website.