1 Galeen Street, Point Lookout — Aerial View
1 Galeen Street, Point Lookout Local Centre Commercial Zone 645m² Corner Site 20m Galeen St + 32m Endeavour St $60,000 p.a. Holding Income 3 Existing Commercial Tenancies North Stradbroke Island Under 2 hrs from Brisbane CBD · 45 min ferry from Cleveland Mixed-Use Development Potential Unencumbered Freehold Title 1 Galeen Street, Point Lookout Local Centre Commercial Zone 645m² Corner Site 20m Galeen St + 32m Endeavour St $60,000 p.a. Holding Income 3 Existing Commercial Tenancies North Stradbroke Island Under 2 hrs from Brisbane CBD · 45 min ferry from Cleveland Mixed-Use Development Potential Unencumbered Freehold Title
Point Lookout · North Stradbroke Island

1 Galeen St,
Point Lookout

A capital-grade Information Memorandum has been prepared for this site. Register below for immediate access.

Inviting Offers From
$2,700,000+
EOI Open — Exclusive Listing

A capital-grade Information Memorandum has been prepared for this site. Register for immediate access to the full investment brief.

Rocco Pennisi
Development Site Specialist
📞 0418 745 398
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The Opportunity

A Rare Commercial
Corner Position

One of fewer than 5% of properties in Point Lookout carrying Local Centre zoning — with double the street presence of comparable single-frontage sites.

Land Area
645m²
Confirmed — Lot 1 on RP121819
Title Confirmed
Zoning
Local Centre
Point Lookout Centre Sub-Precinct — fewer than 5% of precinct properties
Rare Classification
Frontage
Dual Street
20m to Galeen Street · 32m to Endeavour Street
Corner Position
Height Allowance
10.5m
3 levels within Local Centre code — no uplift required (STCA)
Holding Income
$60K p.a.
Lease to 1 May 2026 · converts to monthly · maximum flexibility
Income Producing
Title
Freehold
No easements · confirmed current title search · in data room
Unencumbered
Flood / Heritage Risk
None
Outside flood hazard area · no heritage or character overlay
Clean Title
No Overlay
Site Video
645m² corner allotment — Galeen St & Endeavour St, Point Lookout

645m² corner allotment · Galeen St & Endeavour St · Point Lookout commercial precinct

Development

A Three-Layer Vision

Architectural concept by Anna O'Gorman Architects. Mixed-use configuration within the 10.5m height allowance.

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Development concept — view 1
Development concept — view 2
Development concept — view 3
Development concept — view 4
Development concept — view 5
Development concept — view 6
Development concept — view 7
Development concept — view 8
Indicative concept only — subject to council approval and design development
1
Ground Floor Retail / Dining

Activating both street frontages. Local Centre zoning permits retail, café, office, and short-stay accommodation.

2
Upper Floor Residential Apartments

Ocean views and prevailing breezes. Short-stay potential in a market with under 200 beds for 50,000+ annual visitors.

3
Rooftop Ocean-View Terrace

Exclusive amenity within the 10.5m allowance. A differentiated feature maximising end value.

Confidential Investment Brief

The Numbers Are Inside the InfoMemo

A capital-grade analysis prepared exclusively for this site. Available to registered parties only. Not a marketing brochure.

"The IM is not a marketing document. It is a transaction document. That distinction is everything."

— Pennisi Property Standard

Data Room — Qualified Buyers Only
01
Contract & Title
Draft Contract of Sale
Title Search
Plan of Survey
Rates Notice
02
Planning & Zoning
Town Planning Report (Prelim)
Local Centre Zone Code
Multiple Dwelling Design Guide (MDDG)
Transport & Parking Code
03
Architecture
Anna O'Gorman Architects — Development Concept (full set)

Indicative concept only — all renders subject to council approval

04
Property Info
Property Summary
Site Details
Services Overview
05
Tenancy
Lease Agreement
Rent Summary
Key Dates
06
Supporting
Develo Report
Aerial Photography
Site Photos

Delivered instantly  ·  Qualified buyers only  ·  Strictly confidential

Request Access

Get the Full
Investment Picture

Before any buyer is contacted, the documentation is ready. Register below for immediate access.

⏱

EOI open — expressions of interest close soon. Site inspections available by appointment only. Rocco responds to every qualified enquiry personally.

Rocco Pennisi
Principal — Queensland Development Property & Project Marketing
Email [email protected]
Phone 0418 745 398
Active across South East Queensland
12,000+ HNW Investor & Developer Database
In conjunction with LJ Hooker Property Centre
Each engagement managed by Rocco directly — no junior handoffs
📄
1 Galeen Street — InfoMemo
Capital-Grade · Sent immediately on registration
🔒

Your details are kept strictly confidential. Used only to deliver the requested document and grant data room access. Qualified buyers only.

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Pennisi Property In conjunction with LJ Hooker Property Centre
Development site specialists managing Queensland commercial opportunities. Principal-led, Queensland-based.
Licensed Real Estate Agent — Queensland

© 2026 Pennisi Property. All rights reserved. Rocco Pennisi is a licensed real estate agent in Queensland, Australia — Licence 4907700. In partnership with LJ Hooker Property Centre – Cleveland. Business Class Property Developments Pty Ltd ABN 25 154 675 000.

CMA prepared under the Property Occupations Act 2014 (Qld). Not a formal valuation or financial advice. All development figures are indicative only. Independent professional advice required.