16 Leonard Street, Woolloongabba

House Sold - Woolloongabba QLD

Dual Income, Diamond in the Rough

A dual-key investment with amazing city views and a DA approval in place, positioned perfectly among the limelight of the 2032 Olympic Precinct. This could just be Brisbane’s best opportunity to add value and capitalize.
Set on a North-to-rear corner parcel, this property currently comprises 2x self-contained two bedroom flats with individual kitchen, bathroom, garaging and laundry facilities. There’s dynamite options here to land bank, live-in and lease, add value to double down on an already lucrative investment, or convert and call it your own (STCA).
Secure a spot among quality homes in the city’s most talked-about precinct, and reap the rewards of immediate cashflow with imminent growth while you consult your plans. Buyers should not delay – this is the first opportunity like this to arise for years, and will be sold on auction day.

Highlights:
– 2x two bedroom flats with individual facilities
– Occupied by tenants (1 x lease until March ’25 , 1 x periodic)
– Options to land bank, lease and live-in, convert or add value
– Zoned for flats, DA approved plans
– Secure a spot in the pending Brisbane Olympic limelight zone
– Quiet, wide street with quality renovated homes as neighbours
– In the Buranda Primary school catchment

About 1.2km from the Mighty Gabba, this exciting address is situated a short stroll from Buranda train station and South City Square where entertaining, dining, and specialty services all live under one roof. Between the Antique Precinct, Buranda Village, and Stones Corner the options for dining and boutiques are simply endless, plus there’s great schools nearby including Grammar, Somerville, and St Lawrence’s. A 20 minute bike ride will deliver you straight into the CBD, and it’s got easy access to the PA, Greenslopes, and Mater Hospitals.
Please email Sam Peterffy from Belle Property for an information pack. A current building and pest report is availabke for this property.