45 Lockheed Street, Garbutt QLD 4814

Duplex zoning in Garbutt | Two income streams | Near RAAF Base | Off-market opportunity This property’s primary strength is its dual-occupancy configuration on a single title, which is uncommon in Garbutt and gives a buyer immediate rental diversification. The two units, each with two bedrooms, suit the strong local demand from defence personnel and shift workers near the RAAF Base. A combined internal area of 110m² per side is modest but functional for that tenant profile, and the absence of bushfire risk reduces insurance friction. This is best suited to an investor seeking yield over capital growth, or an owner-occupier wanting a tenant next door to subsidise the mortgage. The main risk is the lack of recent sales data, which makes precise valuation difficult,the spread between unit estimates suggests the whole property may be priced inconsistently. The 500–522m² lot is tight for future subdivision, limiting redevelopment upside. However, holding both units as a single freehold keeps management simple and avoids strata fees. The buyer should negotiate hard on price using the lower unit valuation as a benchmark, then hold for steady cash flow rather than flipping.