Development potential (STCA) or land bank for future profit!
Your opportunity to secure a prime example of pre-war architecture of two homes on two titles with endless possibilities to embark on it's next chapter in history.
Properties like this are often sought but seldom found amongst the desirable streets of Kedron's Padua, Mt Alvernia and St Anthony's Precinct. Location is key and this paramount position is hard to beat. Two original 1930's Gabled Queenslanders being sold in combination by the same owner. The next lucky owner will be able to take advantage of the rectangular 1240m2 of LMDR Zoned land to maximize the potential of this property with a subdivision or townhouse development subject to council approval.
Both homes are currently rented to long term tenants at a combined rental return of $880 per week.
The Block
These two X 620m2 blocks combine for a 49.6m frontage on Broughton Road and 25.3m frontage to Mitchell Street. Both homes are present in the 1946 Aerial Photos so will likely need to stay on the block but would likely be approved to be moved to maximize available space. Please confirm with your town planner.
The Location
Short walk to Kedron's best bakery Mums Bakery and Café, Kedron Farmhouse Café and City bus. A short distance to the Clem7 and Airport Link tunnels entry, while Brisbane domestic and International Airport are only a quick 15 min drive away. Brisbane's CBD is 6.5klms away for the city commuter and local private and state, primary and secondary schools also handy. Kedron Brook walking and cycling tracks only 700m away. Short drive to Westfield shopping town Chermside and Stafford City shopping centres. The Prince Charles and St Vincents hospitals only a 5 min drive away.
37 Broughton Rd
This triple gabled 1930's Queenslander is in mostly original condition and has all the charm you expect from a classic timber home of that era. High ceilings, timber VJ Walls, timber floors, separate living and dining rooms and a spacious sunroom or third bedroom. The fully concreted under house space is home to the laundry and the perfect storage space. Currently tenanted to long term tenant at $430 per week on a periodic lease.
39 Broughton Rd (cnr 1 Mitchell St)
Located on the corner of Broughton Rd and Mitchell Street this triple gable Queenslander is a little different to its neighbour with a pressed metal roof and fully enclosed under house storage and laundry space. Currently tenanted for $450 per week on a periodic lease.
Genuine sellers are committed to selling so now is the time to buy. For more information call selling agent Marion Scriven 0408 580 612.
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