19 & 19a George Street
Kingston, QLD 4114

Overview

Development Goldmine on 810m²

Set across two registered lots, this high-potential site presents an exceptional opportunity for developers or savvy investors seeking a valuable land-bank asset. The property comprises an 810 square meter parcel surrounded by successful subdivisions, offering a clear path to capitalise on Kingston's remarkable growth trajectory. Whether subdividing and selling or further developing each lot to create a four-income powerhouse, this property provides a solid foundation for future wealth with two quality dwellings ready for immediate return.

Main House: Fully Renovated

• Open-Plan Living: Featuring beautiful polished hardwood flooring, air-conditioning, and a ceiling fan, the living area offers a comfortable and stylish environment.
• Newly Renovated Kitchen: The kitchen is a stylish and functional space equipped with an electric cooktop, dishwasher, and ample storage. It flows seamlessly into the dining area, which has durable vinyl flooring.
• Outdoor Living: Direct access from the dining hub leads to a private covered veranda, perfect for enjoying morning coffee or relaxing outdoors.
• Bedrooms & Bath: The main house includes three sizeable bedrooms, each fitted with ceiling fans. A freshly renovated bathroom features modern tiling and a sleek shower cubicle.
• Storage & Parking: A massive double lockup garage is located downstairs, complete with a dedicated laundry and additional storage space.

Modern Granny Flat: Near-New 2.5 Year Old Build

• Contemporary Living: The granny flat offers a spacious, air-conditioned living and dining zone designed for low-maintenance comfort.
• Full Kitchen: Equipped with an electric cooktop and plenty of cabinetry, the kitchen is practical and modern.
• Sizeable Bedrooms: Two bedrooms feature ceiling fans and built-in robes with mirrored sliding doors.
• Total Privacy: The granny flat includes its own private yard and dedicated carport, ensuring complete separation from the main residence.
• Current Tenancy: The current tenant pays $470 per week until 1 August 2026, providing immediate rental income.

Strategic Development Opportunities

• Option 1: Subdivide the two existing registered lots and sell them as separate assets.
• Option 2: Subdivide and further develop by adding additional dwellings to each lot (for example, front house plus rear granny flat on both lots) to potentially quadruple income.

The Location Advantage

This property is situated in a pocket where neighbouring blocks have already successfully subdivided, providing a proven blueprint for development projects.

Why Kingston? The Smart Choice for 2026

• Exceptional Returns: Kingston boasts some of the highest rental yields in Greater Brisbane, with dual-key properties leading the market.
• Strategic Transport Hub: The Kingston Station Precinct Upgrade is reducing commute times to Brisbane CBD and the Gold Coast.
• Near-Zero Vacancy: Vacancy rates are under 1%, indicating a high-demand market with minimal risk of downtime.
• Olympic Growth Corridor: Located in the heart of the 2032 Olympic growth corridor, benefiting from the $1.2 billion Logan Hospital expansion.

Additional Information

• Video walk-through and building and pest inspection reports are available upon request.
• Logan City council rates including water are approximately $1590.08 per quarter.
• Current market rental appraisals estimate the main house (vacant possession) at $600 to $630 per week and the granny flat at $490 to $520 per week.

Interested parties are encouraged to attend the open home to avoid disappointment and to conduct their own enquiries and obtain legal advice. All information is believed to be accurate but is not guaranteed.

Location