Welcome to "The Austral"!

Opportunities of this scale and position simply don't surface often in Coorparoo. Set on a substantial parcel with commanding street frontage, this beautifully preserved character residence delivers genuine dual-living flexibility, strong investment appeal and future development potential, all just minutes from the Brisbane CBD. This is a blue-chip address with the versatility to match.

Zoned Low-Medium Density Residential, the property offers astute buyers an exciting opportunity to explore subdivision and redevelopment potential, subject to Brisbane City Council approval and detailed town-planning assessment. The substantial landholding and wide frontage make this a rare inner-city proposition for developers and investors seeking long-term upside. An adjoining lot of approximately 420 m2 is also available for sale, offering scope for consolidated development subject to Brisbane City Council approval and all town planning.

For investors, this is dual income in its cleanest form offered as a combined holding. A four-bedroom, two-bathroom residence sits alongside a separate fully self-contained one-bedroom dwelling, its own entry, kitchen and bathroom, each currently tenanted at premium rent. Live in the main home while the dwelling covers the mortgage, hold both for dual rental income, or accommodate extended family with genuine independence. Both dwellings let at the top of the market today, with the site's Low-Medium Density Residential zoning preserving its longer-term upside.

For professionals, the property's prominent position, generous floor plan, elegant internal features, on-site parking and multiple functional zones create an adaptable base for legal, medical, accounting, consulting, allied health or other professional uses, subject to the relevant approvals. The ability to combine professional premises with residential accommodation adds another layer of versatility.

For home owners this is a well-built home offering an excellent foundation for its next chapter. Full of warmth and old-world craftsmanship, the home has been lovingly maintained and showcases rich cedar timber panelling, decorative cornices and ceilings, polished timber floors and classic leadlight casement doors. Two kitchens, multiple living areas, a study and multipurpose spaces further enhance its flexibility. The expansive space beneath the home also offers the potential to extend the living options, with scope for an internal media room, hobby room, additional storage or other uses, subject to approval and suitability.

The real story here is the land and the options it presents. Whether you're looking to generate dual rental income, establish professional premises, live in one residence and lease the other, or investigate future subdivision and redevelopment, 189 Old Cleveland Road offers an exceptional platform.

Positioned in one of the inner south's most tightly held pockets, with the city, transport, schools, cafes, restaurants, shopping and Coorparoo's vibrant dining precinct all close at hand, plus walking distance to Australia's award winning Easts Leagues Club, the lifestyle and locational credentials speak for themselves.

Property Features
• Flexible dual-living layout: 4 bed / 2 bath plus separate 1 bed / 1 bath
• Zoned Low-Medium Residential with development and subdivision potential (STCA)
• High rental yield and multiple income possibilities
• Massive frontage in a tightly held, blue-chip pocket
• Beautifully kept vintage character home full of period charm
• Timber panelling, decorative ceilings and polished timber floors
• Two well-appointed kitchens and multiple living zones
• Study and multi-purpose room offering added versatility
• Garage, carport plus generous under-house storage
• Ideal professional premises for legal, medical or accounting offices (STCA)
• Ideal live-in-one, lease-the-other investment strategy
• Rare inner-city position moments from the Brisbane CBD
• Close to transport, schools, cafes and shopping

Location Perks
• Minutes walk to multiple bus stops
• 1 minute drive to Easts Leagues Club
• 1 minute drive to Coorparoo Marketplace
• 1 minute drive to Coorparoo State School
• 2 minutes drive to Villanova College
• 2 minutes drive to Langlands Busway
• 3 minutes drive to Pacific Motorway
• 3 minutes drive to St James Catholic Primary School
• 4 minutes drive to St James Catholic Parish
• 8 minutes drive to Princess Alexandra Hospital
• 10 minutes drive to Brisbane CBD
• 49 minutes drive to Gold Coast

*Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood & Shailer Park by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
This property is being sold by auction or without a price and therefore a price guide cannot be provided. This website may have filtered the property into a price bracket for website functionality purposes. Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.