1920’s Queenslander In A Fabulous Location Just Waiting To Be Restored – Perfect Investment With Rental Income
An exciting opportunity for a clever renovator to work their magic and reveal all the potential this property has to offer. Superbly located in Greenslopes with easy access to lots of shopping and dining options, including the nearby Stones Corner precinct, plus great proximity to public transport, local schools, green space and endless kilometres of bikeway. Just 5 kilometres from the CBD and only a short commute to both Greenslopes and Princess Alexandra Hospitals – this location is perfect for city workers or hospital staff.
The home is full of so much hidden character – open up the front verandah, add a rear deck or raise the structure to full legal height and develop further underneath (subject to Council approval) to restore this little beauty to its former glory.
The 412m2 block is both level and dry and is not affected by flooding or storm water overflows. The house is positioned towards the front of the block so there is a generous sized back yard which offers plenty of room for house extensions, the addition of a pool or simply a great place for kids and pets to play. Invaluable side access to the rear yard means any development is made so much easier!
Currently, the home consists of:-
– Metal roof
– High gyprock ceilings & gyprock walls (no Fibro)
– 3 bedrooms plus an office/small 4th room
– 1 bathroom & a separate toilet
– Lovely modern kitchen
– Enclosed front sunroom
– Covered timber flooring
– 2 extra rooms
– A kitchenette
– 1 bathroom
– Separate toilet
– Garage/storage space
There are Tenants in place and the property is currently providing a steady rental income of $530 per week. The home has been rented for over 12 years (the current Tenants have been in residence for 5 years!) and has always been an easy property to tenant. A great proposition for an investor looking for long term solid returns or for a renovator who may want to do work at a later date whilst taking advantage of an income stream in the meantime.
Brisbane City Council Rates – $496 per quarter
Potential Rental Return – $600 per week
The Seller is ready to sign a contract immediately – serious buyers should register their interest today!