Offered to the market for the first time by its long-term owner, this rare post-war home sits on a prime 1,007m2 corner-block and boasts ample opportunity including lucrative subdivision potential*!
Occupying the enviable corner position of renowned Elliott Road and Folgate Street, the original post-war home is immaculate in condition and features three generous sized bedrooms, a central bathroom with bathtub as well as a separate powder room. The home is very liveable in condition and can either be occupied or tenanted "as-is" with minimal to no maintenance required. Boasting impressive 2.7 metre high ceilings, the home also features the comfort of split system air-conditioning and a highly useable open-plan kitchen with an operational Simpson oven/grill, a Chef branded cooktop and an electric dishwasher.
The ground level of the residence features a vast open plan store area with the added benefit of a separate toilet and shower as well as an enclosable multi-purpose room, ideal as a storage room, home office, gym or sleep-out.
The property is lucratively zoned Low-Density Residential (LDR) and given its rare corner-block position, offers the following development options*:
- Maintain the original dwelling as-is, subdivide the rear on Folgate Street and sell the proposed 503m2 vacant block
- Maintain the original dwelling as-is, subdivide the rear on Folgate Street and build a new dwelling on a proposed 503m2 block
- Demolish the original dwelling and build one new dwelling across the site
- Demolish the original dwelling, subdivide and build two new dwellings across the site
An independent preliminary Town Planning report is available upon request.
Enviably located in the thriving, highly sought-after locale of popular Banyo, the home is located opposite renowned Virginia Golf Club and is just 15 kilometres from the CBD. Residents will enjoy the easy walking proximity to Banyo Village, Banyo Train Station and local buses. Located within the Earnshaw State College Catchment and within close proximity to many other education options, this property also has easy access to major infrastructure including the Gateway Arterial, Sandgate Road and a short distance to Brisbane Domestic and International Airports.
All offers must be submitted for presentation to the Seller by no later than Wednesday 26th April at 3pm, if not sold prior.
*Subject to Brisbane City Council (BCC) approval
This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
