281 Severin Street, Parramatta Park, QLD 4870

281 Severin Street, Parramatta Park, QLD 4870 Prime Investment Opportunity - Potential Share House

Features include:

Seize a prime investment opportunity with this exceptional property in the heart of Parramatta Park. This corner lot, featuring a tastefully converted 2-story Queenslander, presents a compelling prospect for investors seeking modern, low-maintenance units in a highly desirable rental location. This Prime rental location has the potential of up to 15 % if converted to share-housing.

Property Highlights:

Location: 281 Severin Street, Parramatta Park

Freehold title.

No Body Corp Fees

Land Size: 415 m2 corner block

Zoning: Residential

Proximity: Close to schools, parks, sports facilities, and only a 3-minute drive to Cairns Central

Public Transport: Conveniently accessible

Security: Gated entry for added peace of mind

Development Potential: Excellent opportunity for future expansion.

Unit Details:

Unit 1:

Three bedrooms

One bathroom

Two entrances

Unit 2:

Three bedrooms

One bathroom

Two entrances

Unit 3:

Three bedrooms

One bathroom

Two entrances

Unit 4:

Two bedrooms

One bathroom

Office space

Two entrances

Additional Features:

- Modern Conversions: Four contemporary apartments with high-quality fittings throughout

- Low Maintenance: Well-maintained garden and efficient upkeep

- Rental Returns: High demand in this popular rental area ensures strong returns

This well-located property combines modern convenience with substantial investment potential. The current setup of four distinct units maximises rental income, while the large corner block offers scope for future development.