This residence sits on a prime corner 587 m2 LMR site only 5 km from the CBD.
It comprises 3 very basic flats. All are in need of quite a bit of work to bring them up to habitable condition.
1 is vacant and the other 2 are rented ($200 and $250/week) to long term tenants.
The new owner may choose to
- continue to rent the flats while exploring their options
- apply to BCC for demolition approval so the site can be redeveloped. The property is pre-war so there is no guarenteee with this
- renovate the individual flats to increase the rental return and hold long term
Whichever way you decide to go you won't lose in this fabulous location.
Newmarket State School, Newmarket Pool, Newmarket railway station, Newmarket Readings Shopping Centre and parkland are on your doorstep.
Kelvin Grove State Primary and High schools, QUT Kelvin Grove, RBH, Airport Link, Clem 7, restaurants, cafes and all other amenities are within very easy reach.
Opportunities like this are scarce so don't delay inspecting this gem!
