162 Chermside Road

Basin Pocket QLD 4305

822 m²

House

Currently for sale - view listing

Overview

House on 2 Titles with Long Term Tenant

What a great investment, the house sits on a huge 822m2 block. The 3-bedroom chamferboard home built around about 1960 is built across 2 x 411m2 blocks. This means you have already two subdivided blocks. There are no retaining walls meaning no water issues or upkeep with maintenance or replacement. The blocks are flat so there is no need for cut and fill. There is no need to spend thousands of dollars getting the blocks ready to build on. Each block has a nice wide 11.7 (approx.) frontage. The house was not flooded in all 3 past floods including 1974, 2011 and 2022. STCA you can remove the existing house and build 2 brand new homes. It's your choice, with all this potential. The chamferboard house with a nice, tiled roof boasts 3 big bedrooms and a built-in verandah which is now used as a study/open area. The living space is quite large, and the kitchen/meals area is very big. The house is in very good condition for its age. With a long-term tenant that has been at the property for the last 8 years and wants to stay on. The tenants lease expires in October this year and this gives you the opportunity to raise the rent to the current market value of $600 per week. This also opens the door to a homeowner wanting to move in October this year. The street appeal of the home is still very good today even after 60 odd years. The design is still very stylish and would still gather looks from people that pass by. Outside the fully secured flat block is a double carport ideal for the caravan, boat and trailer etc. There is also room for a granny flat STCA. Walking to Ipswich Girls Grammar School, East Ipswich State school and the local neighborhood shops is only minutes away. Take the train to Brisbane you do not need the bus or car either it is only a short stroll. If you do not like walking the bus stop is only 100m away. This is your chance to secure a great home with so much potential and upscale. With holding income with a long-term tenant this is really a set and forget investment or you might want to move in October and create your own memories. Please call Darren Boettcher to arrange your personal inspection. Features: . A rare find 822m2 block that already sits on 2 separate titles . 2 x 411m2 blocks with wide 11.7m frontages (approx.) . Awesome set and forget investment with a long-term tenant . Lease expires October 2026 . The house and the 2 flat blocks are 1974, 2011 and 2022 flood free . No retaining walls, no water or replacement issues saving you thousands of $$ . Stylish 3-bedroom chamferboard House with tiled roof . 3 Good sized bedrooms, Big living areas, Great kitchen . Massive weatherproof entertainment area at the rear . Very wide vehicle, boat or caravan access to the rear yard & carport . Ideal location to schools, shops, rail station parks and bus stop . Motivated sellers want offers It's a great opportunity