245 Oceanic Drive, Bokarina QLD 4575

Beachfront land bank | 30m frontage | duplex DA approved | only site of its kind on Oceanic Drive This property’s primary buying case is its land position: the largest beachfront allotment on Oceanic Drive with an approved DA for two freestanding duplex homes. That approval is the structural rarity here,no other site on this strip can match that development scope. For a buyer who wants to hold a premium coastal block with immediate income from the existing house (rental yield around $1,160 per week) and a clear path to higher-density redevelopment, this is a uniquely positioned land bank. The elevated 900m² block, direct beach access via an adjoining park, and rooftop views reinforce its scarcity. It serves best a developer or an investor-occupier who can live in the current three-bedroom residence while progressing the duplex project. The key risk is the dual overlay exposure,bushfire and flood,which will increase due diligence costs and may constrain financing or insurance terms for some buyers. These overlays do not negate the DA approval, but they add a layer of cost and timeline uncertainty that must be factored into feasibility. The opportunity is clear: the DA is already in place, designed by MRA architects, so the buyer avoids the typical 12–18 month approval delay. With Bokarina’s 8.9% suburb growth and the 2032 Olympic infrastructure pipeline (Kawana Sports Complex), the land’s value is likely to outpace the house’s income. Hold the property as a medium-term land bank; develop the duplexes when construction costs align with the area’s rising price floor.