“ELEVATED POSITION” – THERE IS MONEY TO BE MADE! With a DA approval minutes away for a duplex with a proposed income of $540/week for each unit plus a solid current rental return of $720/week for the home with tenants separately leasing upstairs and downstairs.
The existing Queenslander offers a big home oozing character from a different era with River Views, can be a large family home or a money earner as it is being used right now! Practically an inner city property with the frills of being so close to the CBD, UQ, Brisbane River, PA Hospital, Bus Depot/stops, train station, etc etc.
Massive potential for an astute investor with DA approval* to build a duplex on the rear of the property where the double garage is now. The duplex each have 3 ensuited bedrooms upstairs, and downstairs has kitchen, meals and lounge room plus single lock up garage with laundry at the rear. (The architect who designed the plans has mentioned that the garage can be changed into a fourth bedroom).
Whether you want the development potential or a great big home close to the City, this home is a fantastic buy. Throw away the car!
Purchase before the prices go back up!!
*DA only weeks away from council approval.

The Sustainability Declaration for this property can be obtained by contacting the agent

FEATURES LIST:
Earning currently $720/week for the house plus proposed $540/week for each duplex (potential $1800.00/week)
D A approved* 3 bedroom, 3 bathroom, 2 car accommodation duplex on its own Lot and Plan (only a couple of weeks from council) Plans available
EXISTING HOUSE
Queenslander with loads of character, timber floors upstairs, very high ceilings, original VJ walls, front verandah and rear deck, Brisbane River views
UPSTAIRS
3 Bedrooms all with ceiling fans
Bedroom 2 & 3 have French doors to the front verandah
Main bedroom has huge built in robe with inserts, views to Brisbane River, leadlight windows plus reverse cycle air-conditioning
Renovated kitchen with granite bench tops, gas stove top and oven, reverse cycle air-conditioning, pantry, doors opening out to the rear deck
Front sitting room has sliding timber doors opening out to the rear deck
Lounge room with TV point, lead light windows and internal staircase
Bathroom has original claw foot bath and basin
Separate toilet plus separate hand basin
Front wrap around verandah with fantastic views to Brisbane River (on high ground- no flooding!)
Large rear deck, for parties and BBQs
Insulation
DOWNSTAIRS
Huge bedroom 1 with enough room to put lounge and TV comfortably, walk in robe, sliding glass door for external access
Bedroom 2 has external entry door, built in robe, good size for large furniture
Kitchen has slate bench tops, electric cooking
Meals/family is tiled and carpeted with external access door
Separate storage room with internal and external entry
Bathroom with shower and toilet
Good size laundry with internal and external doors (for both tenants separate access points)
Separate remote entry double lock up garage pus double carport
DUPLEX
Plans drawn and submitted to council with approval due in a couple of weeks for a pair of Duplexs with both having 3 ensuited bedrooms upstairs, downstairs offers kitchen, meals and lounge room with powder room, single lock up car accommodation plus carport and laundry at the rear of the garage.
The block has 2 separate lot and plan numbers, on 1 title
Proposed earnings of $540/week (conservative) per townhouse
SURROUNDINGS
400M To Eleanor Schonell Bridge, walk to train station 3 stops to the CBD, zoned medium to high density = Council looking to increase accommodation in the area, P A Hospital expanding, Boggo Road Jail to become a Museum, Bus depot
Dont need a car
Walking distance to local shops, Bus stop across the road
673m2 of total land space

DISCLAIMER:
Please note: Due to extreme buyer demand, some properties may have been sold in the preceding 24 hours of an advertised open home. Therefore confirmation of all open home times with the listing agent is advised.