2 Peterson Street, Woolloongabba, Qld 4102

Auction at The Redbrick Hotel , 83 Annerley Rd, Woolloongabba - Friday 27th March at 6:00pm.

Commanding the highest elevated position atop prestigious Gabba Hill, this renovated Queenslander presents a rare opportunity to secure a prime inner-city holding with strong immediate income and an exceptional long-term upside. Currently leased at $1,200 per week ($62,400 per annum) on a 12-month agreement (would love to stay on after that as well), the property offers secure returns from day one - making it ideal for investors, SMSF buyers, or strategic land bankers seeking a premium position in a high-growth precinct with excellent school catchment and transport/infrastructure precinct.

Located within walking distance to the Mater Hospital, South Bank and the Woolloongabba dining and lifestyle precinct, and positioned in the prized catchments for Brisbane State Secondary College and Dutton Park Primary School, this is an address underpinned by enduring demand. With Cross River Rail transforming the immediate area, future connectivity will only strengthen capital growth prospects.

Character & Quality Above
The upper level showcases timeless Queenslander elegance enhanced by executive-level renovation:
• Soaring 13ft VJ ceilings
• Polished pine floorboards
• French doors to wraparound verandahs
• Decorative fretwork and coloured glass
• Ducted air-conditioning throughout

Open-plan living flows seamlessly to an elevated L-shaped verandah, while the designer kitchen features stone benchtops, gas cooking, quality appliances and a walk-in pantry with backyard outlook. Two generous bedrooms plus a fitted dressing room completes the upper level, along with a rear entertaining deck capturing sparkling city views.
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Flexible Lower Level:
Internal stairs connect to a versatile lower level offering:
• Two separate areas with exterior windows and built ins
• Expansive air-conditioned and tiled area
• Stylish modern bathroom with statement egg bath and separate shower
• Double garage with secure internal access
(Please note: the lower level does not meet legal height requirements; however, it provides substantial additional living flexibility.)
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Rare 550sqm Inner-City Landholding:
Set on a level 550sqm allotment - an increasingly scarce offering this close to the CBD - the property provides a flat grassed backyard and strong long-term redevelopment or enhancement potential (STCA).
Secure additional off-street parking further enhances practicality.
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Invest, Land Bank or Secure for the Future
Currently leased at $1,200 per week ($62,400 per annum) on a 12-month agreement (would love to stay on after that if offered), the property offers secure returns from day one - making it ideal for investors, SMSF buyers, or strategic land bankers seeking a premium position in a high-growth precinct with excellent school catchment and transport/infrastructure precinct.

With quality tenants in place, blue-chip school catchments, major infrastructure investment nearby, easy walk into Southbank and a substantial land component, this is a strategic acquisition in one of Brisbane's most dynamic inner-city growth corridors.



Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for functionality purposes. In preparing this advertisement, we have used our best endeavours to ensure the information contained herein is true and accurate; however, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Type

House

Bedrooms

2

Bathrooms

2

Parkings

2

Area

539 m²