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Offers over $1.2m
This 860m2 property in inner-city Annerley has the potential to be the perfect investment property! With DA approval in place to refurbish the current Colonial-style home from a block of three flats back to it's former glory, as well as adding two townhouses in the back! There is also the option to convert the 3 flats into 5 flats (subject to council approval), with plans available on request (already drawn up, but not submitted).
The DA approval will see an estimated rental return of $119,600 per year as follows:
- the current home turned into a 4 bedroom, 2 bathroom, 2 car Colonial home with estimated rental income of $800 per week;
- Two 3 bedroom, 2 bathroom, 2 car townhouses with an estimated rental return of $750 per week each.
About the Location:
- In the highly sought-after BSSSC school catchment
- Easy walk to Buranda Shopping Centre, cafés, Princess Alexandra Hospital, Dutton Park train station and bus stops
- 5km to the city via Ipswich Road
- Quick access to Mater hospitals & Queensland Children's Hospital via Annerley Road
- 5km to the CBD via Ipswich Road
- Be on the South East Freeway, or the Clem 7 tunnel within minutes
About the home:
- Good-size Colonial-style home on 860m2 currently offering 3 flats in original condition
- Spacious rooms
- Character features include VJ walls, plate rails, wall panelling, 12 ft ceilings
About the townhouse plans:
- 3 bed, 2 bath, 2 car (tandem) townhouses
- Private North-South orientation with possible city views
Whether you are looking for a prime development block or simply a character home to renovate and make your own, this property boasts unique features throughout, giving you a blank canvas to create something really special.
Contact Nick Bekker and Yani Bekker for more information.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
4/461 Ipswich Rd, Annerley QLD 4103
Call Nick Bekker on
0421 461 520
Call Yani Bekker on
0424 975 295
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