Positioned on a low maintenance 405sqm block in the heart of Kelvin Grove, this versatile property offers immediate holding income, flexible living configurations, and exciting future potential, all less than 1km from the proposed Olympic Stadium precinct and only minutes to the Brisbane CBD.
Currently configured as two separately leased residences, the property comprises:
• Upstairs: 3 bedroom, 1 bathroom residence with lounge, dining and kitchen, currently returning $750 per week
• Downstairs: Fully self contained studio apartment with kitchen, bathroom, lounge and bedroom space, previously rented at $500 per week
The property is ideally suited to investors seeking strong dual-income returns, owner occupiers looking for flexible living arrangements, or buyers exploring the site's long-term potential.
Situated within the Character Residential, Infill Housing precinct and the Ithaca District Neighbourhood Plan, the property may offer scope for renovation, rebuild or boutique redevelopment outcomes, subject to Brisbane City Council approval. The existing post-war dwelling is not heritage listed and may be removed.
Council discussions have indicated there may be potential to explore dual occupancy or townhouse style redevelopment outcomes through an impact assessable application process; however, buyers are encouraged to undertake their own due diligence and seek independent town planning advice regarding any future development opportunities.
A standout feature of the property is the valuable rear access/service road connection, providing additional functionality and flexibility for future planning and design outcomes.
Additional features include:
• Low maintenance inner city allotment
• Polished timber floors throughout upstairs
• Open plan living and dining
• Large kitchen with gas cooking
• Renovated upstairs bathroom
• Additional bathroom and laundry downstairs
• Separate fully lockable downstairs accommodation
• Double side by side rear carport
• Secure front patio and rear verandah
The location is second to none:
• Approx. 500m to QUT Kelvin Grove
• Walking distance to Kelvin Grove Urban Village
• Close to schools, colleges and Royal Brisbane Hospital
• Easy access to public transport, bike paths and the CBD
• Minutes to major Olympic infrastructure and lifestyle precincts
This represents a unique opportunity for investors, land bank buyers, renovators, or those looking to secure a premium inner-city position with long term upside in one of Brisbane's strongest performing lifestyle suburbs. For more information or arrange your viewing please call Nicholas Stankiewicz 0421 579 861.
