76 Highland Terrace

St Lucia QLD 4067

Three Self-Contained Units Delivering Strong Rental Returns, with Approved Subdivision Adding Exceptional Future Potential.Positioned in one of St Lucia's most sought-after pockets, 76 Highland Terrace presents an outstanding opportunity for developers, investors and astute buyers seeking a substantial landholding in a premium blue-chip location. Set on a generous 711m allotment, the property benefits from Brisbane City Council approval for a two-lot subdivision, providing an exciting opportunity to capitalise on the site's considerable future potential in an increasingly tightly held and desirable address.Currently returning a combined rental income of $1,840 per week, with the potential to increase rental return to over $2,000 per week. The property comprises three self-contained units Units 1, 2 and 3, creating multiple independent income streams and providing strong holding income. The existing solid brick residence is configured as three separate flats, offering a total of five bedrooms and three bathrooms, presenting flexibility for investors to continue generating rental returns while considering the approved subdivision and future development options.Ideally located within easy reach of The University of Queensland, leading schools, St Lucia Golf Links and Indooroopilly Shopping Centre, the property combines convenience with exceptional investment appeal. With strong rental income, three established self-contained dwellings, a substantial 711m landholding and approved subdivision potential, 76 Highland Terrace represents a rare opportunity to secure a versatile property with both immediate income and significant long-term upside.Additional Features Include: - 711m2 allotment with 21.2m frontage- DA approved for two separate 356m2 & 355m2 lots- Current rental income: (Unit 1: $680pw, Unit 2: $610pw, Unit 3: $550pw) - Electricity separately metered- Existing solid brick residence comprising 5 bedrooms and three bathrooms; offering immediate liveability and holding income- 150m walk to local shops, cafes & bus stop- Within Ironside State School & Indooroopilly State High School catchments- Minutes from elite schools - St Peter's Lutheran College, BBC, QASMT, Brigidine and the University of Queensland- 6min drive to Indooroopilly Shopping Centre & Toowong Village- Only 7kms to the Brisbane CBD