Queenslander on 2 Blocks (810m2). What a fabulous money-making opportunity for anyone not afraid of a little hard work. Needing to finalise a deceased estate, the elderly family members are offering two side by side homes individually.
This Queenslander (no. 55) is currently divided into three flats and has all the authentic characteristics - VJ timbers, ornate plaster ceilings - but they're in rough condition.
Situated on 2 blocks, potential exists to remove the added extensions, revealing the original Queenslander and a separate block. (Subject to council approval and survey of course). OR simply upgrade the flats and improve the current rental. One flat has been left empty for ease of inspection but all three flats have previously returned $810 per week.
Alternatively, retain the existing home in its entirety and further develop the rest of the grounds.*
The home is located a short walk away from the Woolloongabba Stadium and shopping precinct. It's elevated, only 200 meters from parklands, flood free and just a magnificent opportunity for anyone willing.
Selling for less than the unimproved value of the land. Just simply research what a 405m2 block sells for in East Brisbane and here there are 2 blocks 810m2.
Be quick and Inspect with Max Hadgelias on 0411 276 372! Auction 6:30pm Thursday 27th February at Darling & Co. - 157 Given Terrace, Paddington.
* Subject to Council Approval
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