Unlock the potential of this distinguished pre-war residence offering lucrative opportunities for investors and savvy developers alike.
This expansive 506 sq mtrs property with a commanding 15.5 mtr frontage presents a rare chance to return this home to its former glory. Currently divided into two flats, with a combined 3 bedrooms + sleep out. The house features timeless VJ walls, soaring 13 ft ceilings, original pine floorboards, arches and fretwork providing a perfect canvas for restoration.
Enhance the property's value by building underneath (already more than legal head height), leveraging the solid re-stumped foundation on metal stumps. With the potential to add a third residence, you can achieve a rental income of $1000 to $1200 per week-a compelling return on investment.
Ideally located on Greenslopes' premier residential street, enjoy easy access to Greenslopes Mall, Greenslopes Private Hospital, and public transport within 200 meters. Families will appreciate the proximity to Loretto College, adding further appeal to this desirable location.
Seize this opportunity to revitalize and capitalize-whether you're looking to restore, develop, or simply secure a high-yield investment, awaits your vision.
Contact Patti Steele today to explore this exceptional prospect and turn possibilities into profits.