PENNISI PROPERTY · CONFIDENTIAL OFFERING
Point Lookout, North Stradbroke Island

Galeen Street
Development Opportunity

Prime 645sqm corner site with dual frontage in a high-growth coastal location.

LOCAL CENTRE ZONING · 800–1,160 SQM GFA POTENTIAL

645 SQM
Corner Site
800–1,160
SQM GFA Potential
Local Centre
Zoning
Dual Street
Frontage
Request Data Room Access  →
Scroll
Key Investment Highlights

Why This Site Stands Apart

A rare convergence of location, zoning, and market conditions across Redland Bay's only island commercial precinct.

⬛
645 sqm
Corner Site

A generous landholding with maximum development envelope on a prominent corner position.

⇔
20m / 32m
Dual Street Frontage

Two street frontages delivering design flexibility, visibility, and superior project marketability.

◈
Local Centre
Zoning — Redland City Plan

Retail, Hospitality, Medical, Office, and Residential all permitted. 10.5m height. 3m side setbacks.

🏝
Only One
Commercial Precinct on Island

Opposite the supermarket and cafes. 400m to Cylinder Beach. No comparable land available.

📐
800–1,160
SQM GFA Potential

Strong gross floor area yield across a mixed-use development scenario.

✅
Low Risk
Planning & Infrastructure

No easements. No heritage or vegetation constraints. All services connected. Existing septic system.

Holding Income
$60,000 P.A. — Lease Expiry May 2026
Short lease tail provides flexible holding income while development approvals are pursued.
Location & Market Overview

Point Lookout,
North Stradbroke Island

Located in a rapidly growing coastal suburb with strong demand, access to transport, and proximity to key lifestyle amenities. Point Lookout is experiencing sustained sea-change migration and is the sole commercial hub on North Stradbroke Island.

◉
Zoned Local Centre
Under Redland City Plan — Retail, Hospitality, Medical, Office, Residential all permitted
◉
Opposite Supermarket & Cafes
Heart of the only commercial precinct on the island — maximum foot traffic and visibility
◉
400m to Cylinder Beach
Walking distance to one of the island's most popular beaches — premium lifestyle amenity
◉
Connected to All Services
Infrastructure in place — reducing pre-development cost and timeline risk
0
Comparable Sites
#1
Commercial Precinct
Aerial view – Point Lookout, North Stradbroke Island
Aerial View
Point Lookout · North Stradbroke Island
Only Commercial
Precinct on Island
Development Potential

Flexible Mixed-Use Development Scheme

Flexible development potential suitable for multi-dwelling or mixed-use opportunities (STCA). The conceptual scheme demonstrates a compelling mix of residential and commercial outcomes across the full site footprint.

Conceptual Development Render – Galeen Street
Conceptual Render
Mixed-Use Development Scheme
Conceptual Development Scheme
✔ 6–10 Residential Units (4× 3-bed, 2× 1-bed)
✔ 2 Ground Floor Commercial Tenancies
✔ Rooftop Terrace
✔ Secure Covered Parking (12 Spaces)
✔ 800–1,160 sqm Total GFA
Key Planning Controls
10.5m
Max Height
3m
Side Setbacks
⊕ Low Planning Risk
✔ No Easements ✔ No Heritage Constraints ✔ No Vegetation Constraints ✔ Existing Septic System ✔ Services Connected

* Conceptual scheme only. Subject to Council approval (STCA). Architectural plans and planning reports available in the secured data room.

Investment Thesis

The Numbers Tell a Clear Story

This opportunity presents strong upside potential driven by location, zoning, and increasing demand in the Redland Bay region.

📍
High Demand Area
Sea-Change Migration

Sustained inbound migration driven by lifestyle demand and remote work. Point Lookout is one of Queensland's premier coastal destinations.

📈
Growth Potential
Capital + Yield

Zoning, site scale, and location combine to create a strong development margin story across both residential and commercial components.

⚡
Limited Supply
Structural Undersupply

Zero comparable centre-zoned land available on the island. Entrenched undersupply across residential and commercial stock supports pre-sale velocity.

Metric
Current Gross Income
Lease Expiry
Lease Type
Method of Sale
Detail
$60,000 P.A.
May 2026
Short Lease — Flexible Holding Income
Expressions of Interest
📊
Recent Comparable Sales
Detailed comparable sales analysis and local price benchmarking available in the secure data room. Request access below.
Secure Data Room

Access Full Investment Details & Documents

Access full investment details, documents, and supporting materials. Available to qualified purchasers upon completion of the form below.

📋
Planning
Reports
🏗
Architectural
Concept Plans
📄
Title Search &
Legal Docs
📊
Comps &
Financials

Qualified enquiries only · Information provided strictly confidential

Request Access

Complete the Form
to Unlock the Data Room

Submit your details below and our team will be in touch with secure access to the full CMA, planning reports, architectural concept plans, title search, and comparable sales data.

✔ Response within 1 business day
✔ Information strictly confidential
✔ Full due diligence package included
✔ Expressions of Interest open now
P
Pennisi Property
Point Lookout Specialists
Your Details
📋 [ Paste GHL Form Here ] Replace this placeholder with your GoHighLevel form embed code

By submitting you agree to receive information about this property. Your details will not be shared.

PENNISI PROPERTY
Galeen Street · Point Lookout CMA
This document is prepared for informational purposes only and does not constitute financial advice. All figures and projections are indicative only. Recipients should conduct their own independent due diligence.