40 Barker Street, East Brisbane QLD 4169

Located in the highly sought-after Churchie precinct of East Brisbane, just 2km from the Brisbane CBD, this rare offering presents the perfect blend of immediate rental return, strong capital growth potential, and future development opportunity.

Positioned on a generous 810sqm across two lots in a quiet, tree-lined street, this charming character Queenslander has been thoughtfully converted into four self-contained flats - currently returning a combined gross rental income of approximately $115,440 per annum.

Property Attributes:

• Unit 1 - 2 x bedrooms currently rented till 02.11.25 returning $560 per week
• Unit 2 - 2 x bedrooms currently rented till 22.11.25 returning $480 per week
• Unit 3 - 2 x bedrooms currently rented till 15.10.25 returning $550 per week
• Unit 4 - 3 x bedrooms currently rented till 22.06.26 returning $630 per week

Whether you're a savvy investor, SMSF buyer, or developer, this is a prime opportunity to secure a blue-chip asset in a tightly held pocket of Brisbane. With scope to further enhance and increase rental yields or to reimagine the property into a stunning architectural residence, the possibilities are endless.

Property Highlights:

• Solid rental income with potential for uplift
• Large 810sqm block on two lots
• Onsite parking for all tenants
• Dedicated laundries, storage areas, and drying courts
• Private courtyards for units 1, 3, and 4
• Separate front and rear access for each unit
• Unit 3 & 4 fully renovated

Moments from the iconic Gabba, Churchie (Anglican Church Grammar School), Mowbray Park CityCat terminal, local parks, and an enviable selection of cafes, wine bars and restaurants. Easy access to Brisbane Airport, Clem 7 tunnel, and major arterial roads make this an ideal inner-city address for tenants and future homeowners alike.

This is more than an investment - it's an opportunity to capitalise on one of Brisbane's fastest-growing suburbs, with future development potential and consistent demand from high-quality tenants.

Contact marketing agent Daniel Lazzaroni on 0427 138 906 with any further questions or to arrange an inspection.