65 Pickworth Street, Upper Mount Gravatt, Qld 4122

With the highly anticipated Brisbane 2032 Olympics fast approaching, securing prime commercial and residential investment opportunities in sought-after locations like this is becoming increasingly difficult. This outstanding property is strategically positioned a short walk to Westfield Garden City, just 600 meters from the upcoming Tryon Plaza, and a little over 1 kilometer from Nissan Arena and QSAC Stadium-a venue poised to play a crucial role in the Olympic Games. Offering an exceptional rental return and remarkable growth potential, this is an investment opportunity you don't want to miss.

Auction via In-Room and Online - 14/03/2025 @ 5:30pm, if not sold prior^
Auction Location -  Mansfield State High School Auditorium on cnr Broadwater & Ham Roads, Mansfield
Registrations start from 5:00pm
(Phone & Online Registrations must be complete by 12:00pm the day before auction)

Dual Living- High Rental Yield

This high-set, dual-living residence is designed for maximum flexibility, featuring:
• Separate entry points for each level
• Downstairs: 2 rooms, 1 study, 1 bathroom, fully equipped kitchen, spacious living area, and an outdoor alfresco space
• Upstairs: 3 generously sized bedrooms, 1 bathroom, and a large open-plan kitchen and living area with a private balcony

The 610m² block sits within the coveted Medium Density zoning area, adjacent to Garden City. This means future development opportunities are highly attractive, making it an ideal choice for investors seeking both short-term rental income and long-term capital growth. This site has an expired DA which involved a 5 level unit block across 65 Pickworth Street and its neighbouring property. 

The property's location is truly second to none, offering 2-3 minute walking access to:
• Westfield Garden City - A premier shopping, dining, and entertainment destination
• The Garden City Transport Hub - Providing seamless connectivity to the city and beyond
• Local cafés, restaurants, and lifestyle amenities - Right at your doorstep
• Major educational institutions and employment hubs - A location that ensures consistent demand

Currently leased at an impressive $1,040 per week, this property delivers a strong and stable rental income. The combination of its strategic location, high demand, and future development potential makes this an opportunity that savvy investors will recognize immediately.

With demand for properties in high-growth Olympic precincts soaring, this dual-living home won't stay on the market for long. Whether you're looking to invest, develop, or landbank, this property offers unbeatable value in one of Brisbane's most promising locations.

Summary of Features:
• Medium density zoning
• Currently rented to long term tenants at $1040/week
• 610m2 block on a quiet street
• One tidy rentable home with a very high rental return
• 500m to Upper Mount Gravatt State School catchment
• 640m to MacGregor State High School Catchment
• 300m to Westfield Garden City
• 600m to Tryon Plaza
• 1km to The Nissan Arena
• 13 km to Brisbane City
• 100m to public transport

MORE INFORMATION AVAILABLE - PLEASE CONTACT SAM IF YOU WOULD LIKE THIS SENT TO YOU

*Nissan arena & QSAC athletics are predicted key venues for the 2032 olympics although not confirmed
^Subject to reserve price

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.