11801/300 Old Cleveland Road, Coorparoo QLD 4151

City skyline from the penthouse | Coorparoo Square lifestyle | three secure car spaces | 172sqm on two levels | built 2017 This penthouse occupies a rare configuration in Coorparoo Square: a double-storey apartment with three car spaces and 172 square metres of internal area. The floor-to-ceiling windows and city views are not cosmetic — they create a product that competes with lower-end houses in the suburb while delivering lock-and-leave convenience. The building’s gym, pools and tennis court reduce the need for external memberships, and direct lift access to the retail precinct removes car dependency for daily errands. This property suits downsizers trading a house for space without losing amenity, or professionals who want a home office floor separate from living. The 2017 build means depreciation schedules still hold value for an investor, and the three bathrooms give genuine multi-occupant flexibility. The primary risk is price: offers above $1.99 million sit well above the local three-bedroom unit median of $997,000, which means resale will depend on finding a buyer who values the penthouse format and car stacker specifically. The 155 square metre land component is negligible in a strata title, so capital growth will track the building performance rather than land uplift. Rental yield at $845 per week is modest for the price point, so this is not a cash-flow play. The opportunity lies in the Coorparoo Square precinct itself — the cinema, dining and transport links underpin demand from professionals and empty-nesters who will pay a premium for walkability. Hold this property for lifestyle first; capital gains will follow the broader Brisbane apartment market recovery rather than outperform it.