THE OPPORTUNITY
1 Galeen Street, Point Lookout is a 645m Local Centrezoned corner site with dual street frontage, positioned directly within the island's commercial precinct.
Local Centre zoning is tightly held on Minjerribah (North Stradbroke Island), with only a small portion of properties carrying this designation. With over 90% of the island protected as National Park, future development is limited to existing zoned land.
This site represents one of the final opportunities within the established village centre.
________________________________________
THE ASSET
Land Area: 645m (Lot 1 RP121819)
Frontage: 20m Galeen Street | 32m Endeavour Street
Zoning: Local Centre (mixed-use)
Permitted Uses: Retail, caf, office, healthcare, residential, short-stay accommodation
Existing Improvements: Approx. 150m commercial building
Tenancy: Existing lease in place
________________________________________
THE SITE
Corner position with dual street access
Located within Point Lookout's commercial strip
Walking distance to supermarket, post office, and key amenities
Elevated position with outlook potential
________________________________________
THE POTENTIAL
Local Centre zoning supports a mix of uses, including:
Ground-floor retail or commercial
Residential or short-stay accommodation above
Office or healthcare suites
Mixed-use development outcomes
Preliminary concept material is available to qualified parties.
________________________________________
THE MARKET
Point Lookout is a constrained island market driven by:
Limited land supply due to National Park coverage
Established tourism demand
Tight commercial zoning availability within the village
Development opportunities within the commercial precinct are rare.
________________________________________
DUE DILIGENCE
A data room is available to qualified buyers, including:
Title search
Survey plan
Planning documentation
Concept material
________________________________________
INSPECTIONS & ENQUIRIES
Site inspections by appointment
Submit an enquiry to request access to the data room
CONTACT Rocco Pennisi for more information
Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate but make no representation or warranty as to the accuracy or completeness of the information relating to this property. Prospective purchasers should make their own enquiries in respect of any property or information in this advertisement. We accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained therein.
The size of Point Lookout is approximately 4.4 square kilometres. It has 6 parks covering nearly 35.2% of total area. The population of Point Lookout in 2016 was 713 people. By 2021 the population was 785 showing a population growth of 10.1% in the area during that time. The predominant age group in Point Lookout is 60-69 years. Households in Point Lookout are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Point Lookout work in a professional occupation.In 2021, 71.00% of the homes in Point Lookout were owner-occupied compared with 62.50% in 2016.
Point Lookout has 1,387 properties. Over the last 5 years, Houses in Point Lookout have seen a 113.95% increase in median value, while Units have seen a 110.47% increase. As at 30 April 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.