RARE INVESTMENT OPPORTUNITY IN TARINGA!”
Complex of three on 607 sqm. Renovate or redevelop. Potential for 9 apartments in a 3-storey development.
Sought after location within a short walking distance to local shops, recreation facilities, schools and public transport. Prestigious Ironside state school is only 1km from the property. It is also walking distance of under 2 kilometers to the University of Queensland. Plus under 3 kilometres to the Wesley Hospital & medical precinct.
Very easy access to Brisbane CBD, South Bank, Indooroopilly Shopping Centre, Toowong Village, Suncorp Stadium and the Gabba. An abundance of green spaces in this area, including Indooroopilly and St. Lucia golf clubs, make it a picturesque and highly desirable Brisbane suburb.
The property is set high on a hill, with no flood risk. Access is via a private road, or dedicated pedestrian ramp.
The brick veneer property is high set with lock up garage spaces on the ground level. Two 2 bedroom apartments with bathroom and ensuite, and one 1 bedroom apartment with bathroom. Beautiful timber floor boards throughout, dishwashers and air conditioning and/or ceiling fans. The property would benefit from some cosmetic improvements to generate attractive rental returns. The end goal would be to redevelop, taking advantage of the ability to go up 3 levels and create dwellings befitting this exclusive area.
- For Sale Offer Over $1,500,000
As Advertised or by Appointment
Sat 18th Feb 10:00AM - 10:30AM
Property ID: 1P0408
Property Type: Block Of Units
Lounge Rooms: 3
Land Size: 607m² approx.
Zoning: LMR 2: Low-Medium Density Residential: (2 or 3 storey mix)
Council Rates: $450.20 Quarterly