32/78 Brookes St, Bowen Hills is a 2 bedroom, 3 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 210m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
An opportunity that simply cant be overlooked; dual income, one title, inner-city position. This is a true dual-key investment combining residential and commercial income streams under one title, delivering immediate returns with long-term upside.
Unit 32 & Shop 3 present a unique configuration:
A two-bedroom residential apartment on the first floor
A ground-floor commercial shopfront
Internal stairwell connection (currently closed off, easily reinstated)
Two separate tenancies, one ownership, dual income
Blue-chip inner-city location with ongoing growth and demand
Currently configured as a two income producing asset, this property offers flexibility to maximise yield or adapt to future owner-occupier use.
Upstairs, the apartment features a spacious open-plan kitchen, dining, and living area flowing seamlessly onto a large private balcony with a leafy outlook. The master bedroom includes an ensuite, walk-in wardrobe, and direct balcony access, while the second bedroom is well-positioned opposite the main bathroom.
This portion is securely leased to long-term tenants at $730 per week, increasing to $760 per week from May 2026, with a lease in place until June 2027.
Downstairs, the approximately 100sqm commercial space is occupied by a well-established personal trainer and private gym, providing stable income with a lease secured until March 2027. The tenancy returns $3,582.80 per month.
Apartment Features:
2 bedrooms, 2 bathrooms
1 secure car space
Dedicated study area
Master with ensuite, walk-in wardrobe, and balcony access
Large private balcony with inner-city outlook
Well-appointed kitchen with electric appliances and dishwasher
Secure storage cage
Ducted air conditioning throughout
Access to complex pool and gym
Secure building with key fob entry
Commercial Features:
Approx. 100sqm open-plan retail space
Established long-term tenant (private gym)
High-exposure main road position
Internal bathroom with shower and toilet
Internal stairwell connection (currently used as storage)
Shared ground-level parking
Financial Snapshot:
Apartment: $730/week, increasing to $760/week (May 2026), lease to June 2027
Commercial: $3,582.80/month, CPI increases annually, leased to March 2027
Previous Airbnb occupancy: 84%
Body corporate, rates, and disclosure available on request
Whether you're seeking a high-performing addition to your portfolio or a strategic long-term hold with multiple exit strategies, this property delivers. Contact us now to book your private inspection!
The size of Bowen Hills is approximately 1.7 square kilometres. There are 2 parks, covering nearly 4.2% of the total area. The population of Bowen Hills in 2016 was 3226 people. By 2021 the population was 4898 showing a population growth of 51.8% in the area during that time. The predominant age group in Bowen Hills is 20-29 years. Households in Bowen Hills are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bowen Hills work in a professional occupation.In 2021, 16.20% of the homes in Bowen Hills were owner-occupied compared with 17.50% in 2016.
Bowen Hills has 4,148 properties. Over the last 5 years, Houses in Bowen Hills have seen a 3.13% increase in median value, while Units have seen a 96.30% increase. As at 30 April 2026:
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