6% Plus Returns - Coorparoo’s Most Versatile Investment, Development or Lifestyle Opportunity
Currently configured as three separate residences and generating an immediate rental return of 6% plus per annum, this LMR-zoned property offers a series of outstanding possibilities. Set in a desirable, elevated enclave within walking distance of both the Coorparoo and Stones Corner lifestyle precincts, the address boasts dual street frontages with city views from the Raby Road end. RESIDENCE ONE with a frontage to Raby Road enjoys a modern open floorplan with soaring high ceilings, 5 bedrooms and a clever bathroom with multiple showers and toilets. It features modern stainless steel kitchen appliances including gas cooktop, as well as city views from the entry verandah. RESIDENCE TWO fronting Kirkland Avenue boasts an ideal north-eastern aspect with full width balcony and two entrances. A large open-plan design with well-maintained modern finishes is accompanied by three excellent sized bedrooms and a central bathroom. RESIDENCE THREE is a spacious two-bedroom, one bathroom apartment, also featuring two separate entrances. All units feature a lock-up garage, storage and laundry access Options for the property: 1. Enjoy the immediate and secure investment offered by the tenanted premises 2. Reside in one of the residences while continuing to enjoy the income stream from the other two 3. Take advantage of the block’s LMR zoning to demolish the existing building and redevelop into multiple dwellings* 4. Remove the existing building and build a new luxury home capitalising on the prime location and city views* Positioned just 4km from the CBD, the address is also moments from express transport routes, local shops, the dynamic new Coorparoo Square dining and cinema precinct, coveted Coorparoo State School and other top colleges. Offering rare size, location and potential, this is a unique opportunity not to be missed! *Subject to Brisbane City Council Approval Disclaimer This property is being sold by auction or 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.
