Looking for a Development Site, Renovation Project or an Investment Property? Huge corner block with LMR2 zoning plus Character home divided into flats gives many options for the savvy buyer! This traditional 1920s Queenslander is bursting with character including enclosed wrap-around verandah, high ceilings, VJs, and pine flooring. Currently divided into DUAL LIVING (2 flats), but easy to convert back to a single house if needed. The flats are separately metered, and each side comprises of 2 bedrooms, 1 bathroom, a living area, kitchen and a laundry. Situated on a large 794m2 corner block, on 2 lots of land with LMR2 zoning, which opens up many options including subdividing a block off the back and building a new home or up to 3 x townhouses at the rear (STCA). A town planning report has been prepared and can be provided by the agent. Both flats are rented with quality tenants. More details…. Flat 1 Recently renovated with new kitchen & bathroom and new paintwork throughout 2 large bedrooms with built-ins New kitchen with stone benches, omega electric oven and hot plates & S/S Dishwasher Stylish Newly renovated bathroom A/C in main bedroom and ceiling fans throughout Currently leased at $350/wk until 06/10/2023 (with the potential to achieve up to $500/wk) Flat 2 2 large bedrooms Bathroom with traditional claw foot bathtub Lounge and dining room Large Functional eat-in kitchen Currently leased at $330/wk until 19/10/2023 (with the potential to achieve up to $450/wk) The Location…. Situated in Annerley, conveniently located approximately 4km to the CBD, and quickly becoming one of Brisbane’s most connected suburbs, with many public transport options including the new Dutton Park train station and cross river rail network, bus stop, bike paths, and arterial roads. These connections are all within easy reach for fast access to the city, University of Queensland (via bicycle on green bridge), the PA hospital, Buranda Shopping Centre, and the Gold Coast highway. This property will also be very close to major Olympic infrastructure and Olympic Parklands in South Brisbane. Situated close to quality private and public schools. Within the Junction Park State School, Brisbane South State Secondary College & Yeronga State High School catchment areas. The beneficiaries are not mucking around. This property MUST BE SOLD to finalize the estate and all offers will be considered!