36 Stuart Street
Bulimba, QLD 4171

Overview

Once-in-a-generation investment and development opportunity in prestigious Bulimba

Overlooking the lush canopy and manicured grounds of Bulimba Memorial Park, 36 Stuart Street offers a once-in-a-generation investment and development opportunity in a prestigious location. This blue-chip block of units is situated close to the vibrant attractions of Oxford Street, making it an appealing prospect for astute investors and those seeking a prime Bulimba address with convenient access to Brisbane's expanding market.

For investors, the property provides an immediate holding income with promising future redevelopment or value-add potential. The complex currently generates a total weekly income of $1,965, equating to an annual gross return of $102,180. The rental profile is strong and stable, comprising four apartments with varying lease terms and rental rates:

• Apartment 1 is on a periodic lease at $525 per week, with the last rent increase on 19 August 2025.
• Apartment 2 has a lease expiring on 20 July 2026 at $500 per week, with the last rent increase on 15 July 2025.
• Apartment 3 is on a periodic lease at $475 per week, with the last rent increase on 29 July 2025.
• Apartment 4 has a lease expiring on 27 April 2026 at $465 per week, with the last rent increase on 22 April 2025.

For developers and builders, the site known as 'Canopi' features four architecturally designed terraces that are ready to build, with written expressions of interest already received. Significant interest and demand have been generated during the off-plan sales period, with multiple committed buyers for the residences:

• Residences 1 and 2 (front terraces) each offer four bedrooms, three bathrooms, secure parking for two cars, and floor areas ranging from 190 to 230 square meters.
• Residences 3 and 4 (rear terraces) each feature four bedrooms, three bathrooms, secure parking for two cars, an elevator, and a pool, with floor areas between 328 and 336 square meters.

Floor plans and building plans are available upon enquiry for developers interested in receiving detailed documents, specifications, and options. The 'Canopi' development is the result of two years of meticulous architectural and planning work and has received approval for future development of the site.

This exclusive enclave of architecturally crafted terraces delivers a seamless integration of structure, nature, and lifestyle. 'Canopi' represents a rare architectural expression of modern Australian living and is the only architectural residence development ever created on Bulimba's most memorable parkfront location.

The terraces are sculptural in design, characterized by exposed concrete ceilings, refined materials, and over-engineered garden landscaping, establishing 'Canopi' as a landmark of contemporary sophistication. The development is thoughtfully designed to complement its beautiful setting and benefits from proximity to Oxford Street's fashionable attractions and the Bulimba Ferry Terminal.

Additional local amenities enhancing the location's appeal include Hawthorne Road's popular eateries, Bulimba Riverside Park's scenic riverwalks, and the soon-to-be-constructed Bulimba Barracks precinct. Bulimba's family-friendly reputation is supported by access to leading schooling options, with 'Canopi' falling within the catchments for Bulimba State School and Balmoral State High School, and being close to Saints Peter and Paul's, Lourdes Hill College, and Anglican Church Grammar School.

This is an incredibly exclusive opportunity in a highly sought-after location, offering both immediate income and significant future potential. Interested parties are encouraged to arrange an inspection to fully appreciate the scope and quality of this unique offering.

Disclaimer: This property is being sold by auction or without a fixed price, and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Location