Sitting on a 840m2 corner block with over 500m2 vacant and ready for the addition of a second dwelling to make this an investment bonanza, this unique development opportunity lends itself to a range of options in a timeline of your own choosing.
Situated conveniently on the south eastern corner of Blamey Street and Morsehead Street, step inside this near original 1940s Queenslander and the interior is almost like the day that it was completed.
Step back in time when you enter this home as it is comparable to a time capsule experience inside.
There is a front sunroom which could be converted into a sleep-out. or an office. Centrally located is the lounge and main living area featuring attractive fretwork and vertical groove walls.
To the left of the lounge room are the 2 main bedrooms and to the right is the long sleep-out. This sleep-out is 2.2 metres high on the window side which is just 0.2 of a metre shy of the required 2.4 metre requirement to be an officially designated bedroom.
The kitchen is situated toward the back of the house to the left and the partly renovated bathroom to the right. Wiring and switches appear to be recently upgraded.
Downstairs, is located the old style laundry and an abundance of storage space. There is a 2nd toilet located in the back yard at the bottom of the rear stairs. The rear yard of the house proper is securely fenced.
What is very appealing with this opportunity is the 24.5 metre by 21.1 metre vacant portion of the block which lends itself to further development. Ascot Homes has provided an example of a suitable plan for a further dwelling that is fit for purpose for this.
As is, the rental appraisal $540-$560 per week. Build an additional dwelling as per the attached plans and an investor could be adding over $1,100 per week gross to their portfolio.
Contact Greg McMahon on 0414 518 315 or [email protected] for your private inspection.
*Whilst every endeavour has been made to verify the correct details in this marketing neither the agent, vendor, or contracted illustrator takes any responsibility for any omission, wrongful inclusion, mis-description, or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent. Any information that is intended to be relied upon should be independently verified*