Dual income. Landbank potential. Opportunity to explore rooming accommodation (STCA). This is one of those rare Inner East properties that gives investors more than one path forward.
Some properties offer rental income. Others offer future potential. 48 Balmoral Street offers both. Positioned on a 567m² LMR2 allotment, this character home presents a rare opportunity to retain the existing dual-income investment, landbank in one of Brisbane's most sought-after Inner East suburbs, or investigate the potential for rooming accommodation (subject to council approval and compliance requirements).
Currently returning $1,180 per week across two separate residences, the property provides immediate holding income while you consider your longer-term strategy.
Located within the Bulimba District Neighbourhood Plan, purchasers are encouraged to undertake their own investigations into the opportunities available under the current planning provisions.
Property Highlights
567m² LMR2 allotment
Current dual-income return of $1,180 per week
Opportunity to investigate rooming accommodation (STCA)
Character home with scope to renovate or reposition (STCA)
Bulimba District Neighbourhood Plan
Approximately 5km to Brisbane CBD
Walk to Oxford Street, cafés, transport and the river.
Only moments from Oxford Street, Hawthorne Road cafés, quality schools, transport and the Brisbane River, this is an investment underpinned by one of Brisbane's strongest lifestyle locations.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
