Exciting investment or development opportunity - demolition approved!
Set across two lots in coveted Norman Park, 14 Thackeray Street encompasses four self-contained two-bedroom apartments, currently renting for $103,480 per year. The property comes with a recently secured DA approval to demolish the existing building, allowing for development of one or two spacious tri-level homes, or a new apartment complex (STCA). Consistently tenanted and boasting no vacancies for the past seven years, the four two-bedroom residences each have their own entrances and courtyards, with elegant timber floors, lofty ceilings and VJ walls. Set across two levels, the apartments feature spacious open-plan living and dining areas, with tidy modern kitchens displaying timber benchtops and ample storage. All four units feature sizeable second bedrooms and well-appointed main bathrooms, with three out of the four units benefiting from ensuited master bedrooms. The property is LMR2-zoned and provides scope to build a new complex of units featuring a basement-level garage and a rooftop terrace capturing city views. Those wanting to put down roots in Norman Park can also create their ideal sanctuary. Renovate the apartments, rent them out as is, or reimagine the property as your dream home – the choice is yours. Close to a plethora of shops and dining options, this extraordinary offering is only minutes from the heart of Brisbane’s CBD. The Norman Park train station, city-bound bus stops and the Mowbray Park Ferry Terminal are nearby. Bulimba’s fashionable attractions and Wilson Park’s sporting facilities are a stone’s throw away. Falling within the Norman Park State School and Coorparoo Secondary College catchment areas, this sensational property is also a short distance from Anglican Church Grammar School, Lourdes Hill College and Saint Joseph’s Catholic Primary School. Do not miss this exclusive opportunity – call to arrange an inspection today.
