Savills is pleased to present to the market a rare and strategic opportunity to secure a mixed-use development site in the heart of Point Lookout North Stradbroke Island's only designated commercial precinct.
Prominently positioned on a 645 sqm* corner allotment, 1 Galeen Street enjoys high visibility and direct access to the island's primary retail and service hub, including the only supermarket, post office, cafes, and key local amenities. The site also offers sweeping water views and is just 400 metres* from Cylinder Beach and the renowned Stradbroke Island Beach Hotel.
Zoned Local Centre allowing a broad mix of uses including residential (STCA), retail, commercial, and tourist accommodation. Existing architectural plans comprise six spacious single-level, three-bedroom apartments, two commercial/retail tenancies, and twelve car parks with storage
The site is currently improved with a single-storey commercial building of approximately 150 sqm, leased to a single tenant generating $60,000 gross per annum. The lease expires in May 2026, with a transition to monthly tenancy thereafter, providing strong holding income and exceptional flexibility for developers, owner-occupiers, or value-add investors.
Key Highlights:
- Elevated 645 sqm* corner site with dual street frontage to Galeen Street (20m*) and Endeavour Street (32m*) with expansive ocean views
- Zoned Local Centre flexible development options (STCA)
- Existing improvements include 150 sqm* building with 3 tenancies (1 tenant with 7 year tenure in place, $60,000 gross p.a.)- High-profile position opposite core retail/services
- Just 400m* to Cylinder Beach and popular island attractions
- Only 90 minutes* from Brisbane via ferry from Cleveland
1 Galeen Street represents a generational chance to secure a foothold in one of Queensland's most sought-after lifestyle destinations. Opportunities of this scale and location on North Stradbroke Island are extremely limited don't miss your chance to be part of its future.
