Deceased Estate Auction: 9.00am Saturday 28 September
Where: On-site
Deposit: $10,000 on auction day, then 5% of the purchase price by Monday 30 September
Settlement: 30 days from auction day

If you wish to purchase in a Company or Trust you will be required to provide a copy of those documents to enable your bidder registration to be completed. Please also note that all parties who will be on the Contract must be registered to bid. If you are unable to attend the auction you can arrange for a Buyers Agent or another person to bid on your behalf, however the correct documentation must be in place by 6.00pm Friday 27 September. Due to the high amount of interest in this property we are unable to accept telephone bidders!

Calling all developers, astute investors and home buyers seeking a large versatile building site in Brisbane’s prized Inner East!

Offered to market for the very first time since it was built in the 1950’s, the solid well-maintained post-war home occupies an 804sqm corner address (also known as 328 Stanley Road). Boasting completely flat grounds and a rear northern aspect, its expansive 20-metre frontage and 40-metre-long boundary facing Malthus Street create endless lifestyle and redevelopment opportunities.

Options include*:
– Subdivision into 2 x approximately 400 sqm lots, then building 2 new side-by-side luxury homes.
– Subdivide the site, renovate the existing post-war home, and construct a new home on the other lot
– Combine lifestyle and a passive investment by sprucing up/renting out the existing home, whilst building your own family dream home on the neighbouring lot
– Buy the block, subdivide, obtain DA’s for two new homes, then reap the rewards of on-selling one or both lots.
– Construct one huge family residence with gardens and pool, adding to the ever-growing number of multi-million-dollar properties in this coveted enclave.
– Take advantage of the unprecedented capital growth in North Carina, by leasing out and landbanking the property for future development.

Presenting in largely original yet spotless condition, the existing home features spacious open living spaces, rows of casement windows, huge bedrooms, air-conditioning, a near-new Bosch kitchen cooktop and plenty of scope to reconfigure the existing footprint (adding a further bedroom and bathroom). Fully fenced, it is suitable for immediate rental or residence to minimise holding costs while plans for the property are undertaken.

Whatever you decide, this is a genuine once-in-a-lifetime offering in an unbeatable location!

The exclusive ‘Res A’-zoned address (free from high-density townhouse/unit developments), sits just metres from bus transport, a park and playground, as well as the family-friendly Carina Bowls Club with popular Pancho’s Pizza Restaurant. Walk to the Backstreet Espresso Café and bakery on Kenrose Street, Clem Jones Swim/Fitness Centre, fabulous Carina Leagues Club, local shopping village, and top childcare, kindergarten and schools including St Martin’s and San Sisto College. Only 7km from the CBD, it is also minutes to Westfield Carindale and the Gateway Motorway offering easy routes to the Airport, Gold and Sunshine Coasts.

At a glance:
– Removable post-war home on a flat corner 804sqm block with subdivision potential
– Expansive 20m frontage and 40m boundary facing Malthus; rear north aspect
– First time to market in over 50 years; a multitude of options
– Build one large home or subdivide into two 402sqm lots*
– Construct two homes, selling one or both*
– Subdivide, secure DA’s for 2 new homes, and reap the benefits of selling individual build-ready lots*
– Solid existing home in largely original but well-maintained condition; scope to rent/refurbish
– Excellent site access for building with 2 street frontages (Malthus and Stanley Street)
– Prized high-growth enclave surrounded by new multi-million-dollar homes; vacant lots are scarce
– Walk to bus, parks, shops, excellent schools; moments to Westfield and arterials

*All subject to Brisbane City Council Approval. We recommend that you conduct your own investigations prior to auction!

Come along to one of the upcoming open homes or contact the agent, Craig Loudon, if you have any questions.

Disclaimer: This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.