This substantial 860m2 block is zoned LMR2 (low-med residential 2 or 3 story mix) and comes with DA Approval. It is currently occupied by a historical Queenslander which is comprised of 3 separate apartments, all currently tenanted and generating consistent returns.
The property is situated in an extremely high demand area, a mere 1 kilometre from the Princess Alexandra Hospital, 900m to Fairfield Train Station, and approximately 5 kilometres to the Brisbane CBD. Other recent residential developments ensure consistent growth and demand for the area.
The location offers an incredible city-fringe lifestyle with a plethora of local shopping and dining options. It is also within minutes to an abundance of distinctive and cosmopolitan neighbourhoods such as Stones Corner, Woolloongabba, West End, Southbank, Kangaroo Point and Fortitude Valley – plus of course the Brisbane CBD.
The building itself is overflowing with old world charm and undeniable character. Sweeping 3.4m high ceilings and vast king-sized bedrooms feature in each apartment unlike any modern-day build. A once elegant fireplace lies in the centre of the home, just waiting to be rediscovered and restored. With some renovations and cosmetic touch ups, the property could be quite spectacular for owner-occupation or secure impressive high rental income – or simply enjoy hassle free returns will full occupancy as-is.
This is a once in a lifetime opportunity! Contact Rob to discuss this incredible site in more detail and book your exclusive viewing.
- Block Of Units
- 3 bed
- 3 bath
- 1 cars
- Land size 860 m²
- Open Parking Spaces