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1 Ilumba Street, Russell Island, QLD 4184, 0 Bedrooms, 0 Bathrooms, Section

Under Contract

1 Ilumba Street, Russell Island, QLD 4184

536m2
SectionListed on Wed Dec 4
Estimated price

Russell Island Prime Dual-Access Vacant Block with Guaranteed Income Opportunity

Discover the perfect investment or lifestyle opportunity with this exceptional corner block located at the sought-after north end of the island. Offering dual access and situated just moments from all major amenities and the public ferry terminal, this property is ideally positioned for convenience and future growth.

The block features a versatile roller-door shed, perfect for storage or workshop needs, complete with a side alfresco area that doubles as a carport. While council approvals are yet to be obtained, this property holds incredible promise for savvy investors or those looking to build their dream island escape.

Adding to its appeal, the property is already generating additional rental income, with a guaranteed lease in place until March 2025. This provides immediate peace of mind and a steady return on your investment while you plan your next steps.

Don’t miss this rare opportunity to secure a well-located, income-producing block in a thriving island community. Contact us today to arrange a viewing or for more information!

Jessica Wills 0430 075 345

Aaron Wills 0433 313 381

**Please note: Photos are prior to being tenanted**

Location

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Estimate

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Russell Island State School
1.54 km
Primary
Prep-6
Government
icsea: 938
Victoria Point State High School
11.08 km
Secondary
7-12
Government
icsea: 974

Property history

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Russell Island surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
12 Ilumba Street, Russell Island
0.10 km
0
0
-m2
Year 2025 Month 01 Day 27
-
Council approved
3 Heeterra Street, Russell Island
0.08 km
0
0
-m2
Year 2025 Month 01 Day 19
-
Council approved
18 Currong Street, Russell Island
0.05 km
0
0
-m2
Year 2025 Month 01 Day 15
-
Council approved
71 Woodlands Circuit, Russell Island
0.16 km
0
0
-m2
Year 2024 Month 10 Day 20
$50,000
Council approved
4 Billambang Street, Russell Island
0.14 km
0
0
-m2
Year 2024 Month 09 Day 29
-
Council approved

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Ref:15464Last update:2025-02-25 11:02:26