36 Barry Street, Gracemere, QLD 4702

Offering excellent value for money, this highset family home in Gracemere combines practical living, generous outdoor space and an established rental income, with the added potential to explore future development opportunities (STCA – subject to council approval).

Positioned on a large, fully fenced corner block with double-gate access, the property offers plenty of room for families and pets to enjoy, while presenting an exciting opportunity for investors, developers or buyers looking to maximise the potential of the land.

Currently leased at $670 per week until 19 October 2027, the property provides rental income from settlement, with an established tenancy already in place.

Property Highlights

- Three generous bedrooms

- Air-conditioning to two bedrooms and the lounge room

- Modern kitchen

- Open-plan living area

- Renovated bathroom

- Double garage

- Generous space underneath the home, ideal for entertaining

- Large corner block with a fully fenced yard and double-gate access

- Potential to explore future development options, including a second dwelling, duplex or subdivision (STCA)

Investment Details

- Current rental return: $670 per week

- Lease expiry: 19 October 2027

- Last rent increase: 26 October 2026

- Professionally managed by Elite Real Estate

With a tenancy already secured, investors can benefit from rental income from settlement without the need to find a tenant. For those looking beyond a traditional investment, the generous corner block may also offer exciting possibilities for future development, subject to council approval, zoning, access and relevant planning requirements.

For further information, including the Seller Disclosure Statement and property videos, contact Becky at Elite Real Estate.