Discover a tangible investment opportunity with endless potential at 14 Union Street, Taringa. This large duplex Queenslander, set on a generous 918m2 block, is currently generating a solid rental income giving you time to plan your next move. With LMR2 zoning, the future development options are plentiful (subject to council approval), making this a prime prospect for savvy investors or those seeking to restore and renovate a historic property.
Perched on an elevated north-facing parcel, this property boasts a usable flat area to the front and offers a beautiful outlook through to Oakman Park. Traditional features are abundant, with polished floors, VJ walls, ornate archways, and fretwork preserving the charm of yesteryear. The morning sun and breezes enhance the appeal, creating a serene and inviting atmosphere. Each flat comprises two bedrooms, one bathroom, and separate car accommodation, providing ample space and convenience. The substantial storage space under the property adds to the practicality, making it suitable for various uses. The large block and dual occupancy setup offer passive income and potential for further development.
Perfectly positioned, 14 Union Street enjoys all the conveniences of city fringe living. It is within easy reach of Toowong Village, Indooroopilly Shopping Centre, the CBD, and the University of Queensland. The property also benefits from easy access to Brisbane Boys College and multiple transport modes, ensuring connectivity to all essential amenities.
Features include:
• Tenanted with fixed leases ($500p/wk each)
• Elevated parcel north facing
• Traditional features throughout
• Useable flat area to the front
• Beautiful outlook through to Oakman Park
• LMR2 zoning STCA future development options
• 2 or 3 storey mix - seek planning advice
This rare opportunity is set to attract significant interest. Whether you are an investor looking for a solid return, a developer seeking a new project, or someone with a vision to restore a grand old Queenslander, 14 Union Street, Taringa, offers more options than a Rubik's Cube. Act quickly to secure this versatile property in a highly sought-after location.
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