Rarely do these properties come to the market with a huge opportunity to secure a site in this very desirable & sought-after precinct.
An unusually large 506m2 High Density Residential 2 property with access to adjoining properties of similar sizing would be a very astute buy for anyone wishing to landbank to create an opportunity to develop a landmark building in this area. There are only limited opportunities now in the Buranda Precinct for further development with many properties either being bordered by existing unit blocks or have been already developed with large scale multi storey unit developments on them.
Beautifully situated, the property is one of few that can be acquired with the view of the future to combine holdings to build up to 15 storeys such as many of the neighbours have done, as it is one of a few that is bordered by similar properties for you to acquire in the future or combine and capitalise. With its position so close to the hospitals and infrastructure projects including the development of the Buranda Precinct - Think Olympic Games - Medical accommodation- Inner City demand. This opportunity has 3 existing homes both beside and to the rear in Carl St whereby acquisition would give you the opportunity to do a large-scale development here also.
It is also an ideal situation where you have a very liveable home and you can land bank this for the future and watch it grow in value as Brisbane's opportunities become less and less.
Brisbane City is 3.26klms away.
Frontage 10m
Depth 50.6m
Total of 506 m2
The 3 bedroom Queensland Cottage, has good bones and has been looked after to either hold as a rental or relocate. Polished floors, VJ's, fretwork and breezeways add character. Generous rooms with high ceilings make this an attractive home with updated kitchen and separate dining area, lounge is large and airconditioned.
Under house is fully concreted with garaging for 2 cars and off-street parking. The larger than average rear yard is an excellent space and is near level. Kept in good order the home is quite a little gem.
For more information and an information Memorandum call or email Sharon.wilson@raywhite.com or Alicia.wilson@raywhite.com.
