Remax Profile - Real Estate for inner west brisbane.


Category	House
Building	617 Sqm
Bedrooms	4
Bathrooms	2
Carports	2
Garages	2
Features
Location	Bowen Hills QLD
Price	$800,000.00

Offers Invited

The property currently comprises a residential building on piers with the upper level comprising two spacious flats with 3.2m high ceilings. The flats consists of :

.1 x two bedrooms, living, kitchen/dining,
fireplace, bathroom/laundry, balcony
.1 x two bedrooms, entry, study/rumpus,kitchen,
lounge/dining, bathroom

The other features include:

. on two lots, north facing, elevated position
and local views
. two street frontage ( Jordan Terrace & Edmonstone Road)
. Low Medium Residential (LMR) classification
. flats returning $650 week
. in a PRIME superb inner city location
. walk to Breakfast Creek Hotel,
James Street precinct, Valley & more
. set amidst large apartment, commercial &
institutional buildings, historic property Miegunya,
old & contemporary homes, car yards,
billboard advertising, service station & so on.

Buy & hold & sit back & wait for capital gain (very likely given that Newstead is undergoing massive redevelopment).

Develop the lower level (STCA) and create an apartment block. Detailed architectural plans for extra 2 units, 4 carport & 2 visitor cars available for perusal. Benefit by adding value & increased rental income.

With the property's two street frontage & location in relation to adjoining uses, there is a possibility of future redevelopment of the site given the current dwelling is out of scale & character (STCA).

Don't delay. Opportunities such as this come rarely. A serious investment opportunity with development potential for the astute.

For more details, please contact Jonzun Lee on 0418 885 708 or jonzunlee@remax.com.au

*A copy of the Sustainability Declaration for this property is available from the agent.