Unique value add opportunity with space for a townhouse, unit or small lot STCA. This rare, dual-income Queenslander boasts a generous 607m² block in one of Brisbane's most sought-after inner-south suburbs. With two fully self-contained units, this property is perfect for investors and owner occupiers alike.

For investors looking to maximise yield, take advantage of the dual rental income from a single freehold title. For owner occupiers, a mortgage-offsetting income stream right next door is perfect for alleviating the pressure of mortgage repayments.

Being in a Low-Medium Density Residential zone, townhouse, unit or small lot (STCA) developments provide the perfect opportunity to add value, maximise income and take advantage of negative gearing tax changes.

UNIT 1 (LEFT) — 1 BED | 1 BATH | Currently tenanted at $400/week
Bright and self-contained with its own separate entrance, open-plan living and kitchen, and a relaxed, liveable feel throughout.

UNIT 2 (RIGHT) — 2 BED | 1 BATH | Ready to occupy or rent $600/week
Spacious and full of character — ornate decorative cornices, rich hardwood floors, generous lounge, full kitchen, air conditioning, and a private deck.

Shared between both residences: a covered carport, a dedicated laundry, and substantial under-house storage. Out back, a large flat yard offers room to breathe, entertain, or explore further improvements STCA.

Throughout the home, the bones are exceptional — soaring ceilings, elegant ornate cornices, and warm hardwood timber floors that no new build can replicate.

PROPERTY HIGHLIGHTS:
• Two fully self-contained units on one freehold title
• Unit 1 currently tenanted at $400/week — immediate income from day one
• Unit 2 vacant and ready to occupy or rent at $600pw
• Classic Queenslander character with ornate decorative cornices
• Rich hardwood timber floors throughout
• Air conditioning in both units
• Large backyard on a 607m² block
• Covered carport + additional car spaces
• Substantial under-house storage
• Multiple deck and entertaining areas
• Value-add potential STCA

THE LOCATION — EVERYTHING AT YOUR DOOR
Mt Gravatt East is one of Brisbane's best-kept secrets — a leafy, well-connected inner-south suburb just 9km from the CBD that punches well above its weight for convenience and lifestyle.

LOCAL SCHOOL CATCHMENTS: In the school catchments for Mount Gravatt State School and Mount Gravatt State High School

BUS AT THE DOOR: Multiple TransLink routes (171, 175, 182 & more) stop a 2-minute walk on Logan Road, with express services running directly to the CBD, Fortitude Valley, and Westfield Garden City and Carindale Shopping Centres.

WESTFIELD GARDEN CITY: Just minutes away — over 400 stores including David Jones, Myer, Coles, Woolworths, Aldi, Kmart, and Event Cinemas. One of Brisbane's premier retail and dining destinations.

PARKS & GREEN SPACE: Grevillea Park, Toohey Forest Park, Mt Gravatt Outlook Reserve and multiple off-leash dog areas all within easy reach. This is a suburb made for the outdoors.

GRIFFITH UNIVERSITY: The Nathan campus is minutes away, generating strong and consistent student rental demand — one of SEQ's most reliable tenant pools.

QEII HOSPITAL & MT GRAVATT TAFE: Major healthcare and education facilities close by, attracting a steady base of professional and student tenants.

CAFES, SHOPS & DINING: The Logan Rd cafe strip, Mt Gravatt Plaza, local independents, and the Mt Gravatt Showgrounds are all just around the corner. A suburb with genuine neighbourhood character.

AQUATIC CENTRE & LIBRARY: Mt Gravatt Aquatic Centre and the local public library are community staples loved by families and residents alike.

FREEWAY ACCESS: Positioned among four major arterials with quick on-ramp access to the Brisbane CBD, Gold Coast, and Brisbane Airport. Commuting is effortless.

This is the kind of address that attracts quality tenants and holds value through every market cycle. Whether you're buying your first investment property, adding to a portfolio, or looking to live in one and rent the other — this is a rare opportunity not to be missed.

Contact the agents to arrange an inspection today.
Angelo Karalis — 0421 242 645
John Karalis — 0421 242 587


Disclaimer
Karalis Real Estate has prepared this information in good faith and with due care, however no warranty is given as to the accuracy of the information provided. Prospective purchasers should make their own enquiries to verify the information contained herein. Images and floor plans are for illustrative purposes only and may not accurately represent the property as it currently stands. Karalis Real Estate and its officers, employees and agents accept no responsibility for any loss suffered by any person as a result of reliance upon the information contained in this advertisement.