56 Brentnall Street
Norman Park, QLD 4170

This fully refurbished complex, known as 'Whitehaven', comprises seven units all positioned on a single title at 1-7/56 Brentnall Street, Norman Park, located in the sought-after 'Poets Corner' precinct. It presents an excellent opportunity for astute investors seeking a reliable and steady income stream from multiple tenancies under one roof.

The property sits on a substantial 809 square meter parcel of land and offers ultra-low maintenance living. The complex consists of one two-bedroom unit and six one-bedroom units, each featuring one bathroom and large private decks, providing tenants with comfortable and spacious living areas. The building has been well maintained and recently refurbished, ensuring it is in excellent condition and ready for immediate investment without the need for further work.

Despite being located in a flood overlay area, the raised building structure was not affected by recent floods, adding to the security and resilience of this investment.

The complex is fully tenanted, generating a combined current rental income of approximately $218,920 per annum, or $4,200 per week. The rental agreements for the units vary, with most leases expiring between late 2026 and mid-2027, providing a stable income for the foreseeable future. The units are rented as follows:

• Unit 1: 1 bedroom, 1 bathroom, $620 per week, lease expires 24 August 2026
• Unit 2: 1 bedroom, 1 bathroom, $550 per week, lease expires 1 May 2027, increasing to $620 per week from 1 July 2026
• Unit 3: 1 bedroom, 1 bathroom, $545 per week, lease expires 19 January 2027
• Unit 4: 1 bedroom, 1 bathroom, $550 per week, currently available for rent
• Unit 5: 1 bedroom, 1 bathroom, $630 per week, lease expires 27 December 2026
• Unit 6: 1 bedroom, 1 bathroom, $620 per week, lease expires 2 June 2027
• Unit 7: 2 bedrooms, 1 bathroom, $625 per week, lease expires 28 September 2026

This investment is ideal for those looking to invest under a self-managed super fund, or for buyers seeking to secure a property with multiple income streams for long-term financial security. It also offers an opportunity for families to invest with their children's futures in mind, providing a foothold in the property market.

Located in the highly desirable inner-east lifestyle and investment pocket of Norman Park, the property offers the best of both worlds: a leafy, calm suburban environment with seamless connectivity to Brisbane's CBD, which is just 3 kilometers away. The area is known for its quiet residential streets, established homes, parklands, and vibrant café culture, making it attractive to tenants and investors alike.

Norman Park is well serviced by excellent transport links, lifestyle destinations, and high-quality infrastructure. Key nearby locations include:

• Brisbane CBD - approximately 7-8 minutes by car
• Victoria Park Olympic Stadium Precinct - 6.5 km, 12-minute drive, Brisbane's new Olympic hub for 2032
• The Gabba - 3.5 km, 8-10 minute drive
• New Farm Dining & Powerhouse Precinct - 5 km, 10-12 minute drive
• South Bank Cultural Hub - 5.5 km, 12-13 minute drive, featuring restaurants, GOMA, QPAC, State Library, and parklands
• Norman Park Train Station - approximately 900 meters, 10-minute walk, with direct trains to Central Station in under 15 minutes
• Easy access to Wynnum Road and major bus routes for smooth city connections
• Coorparoo Square - 5 minutes away, offering supermarkets, cafés, dining, boutique retail, and a cinema
• Bulimba's Oxford Street precinct - nearby, known for riverside dining, bars, and boutique shopping
• Dovetail Social Café - located at 85 Overend Street, Norman Park, just a one-minute stroll
• Norman Park Bowls Club - a local licensed club with meals and events
• Zoned for Norman Park State School, with other top schools nearby including Anglican Church Grammar (Churchie) and Lourdes Hill College, plus multiple childcare centres

The current rental income is below market rates, and upon lease renewal, the expected rental return per property is estimated to be between $620 and $650 per week, potentially increasing the total annual income to approximately $234,000.

This property represents a rare and valuable investment opportunity in a prime location, offering a set-and-forget income stream with minimal management required. It is well suited for investors seeking a diversified portfolio under one title, providing both security and growth potential.