If you’ve always dreamed of owning your own inner-city riverside oasis, this unique hidden gem in cosmopolitan East Brisbane is just 75 metres to the river and an absolute delight for the keen renovator or aspiring developer.
The 478m2 block with 20m street frontage, ideally located at the very quiet riverside cul-de-sac end of Wellington Road, is zoned High Density Residential (HDR) and there’s no restriction on removing the existing home. Build up to 9.5 metres (up to three storeys) – either your dream home or a perfect investment.
With location the key to a successful development, this property is a guaranteed winner. Surrounded by prestige homes and apartment buildings, the block enjoys river views and breezes and is a short stroll to the City Cat, Mowbray Park, local shops, cafes and restaurants.
Bordering the in-demand suburbs of Kangaroo Point and East Brisbane, with the CBD a relaxed 10 minute commute, and with easy access to the Clem 7 tunnel and other arterial roads – this is indeed an exceptional inner-city location.
The existing two bedroom bungalow has many charming features including:
• High ceilings
• VJ walls
• Large living room
• Separate laundry
• French doors leading to the enclosed verandah
• Lock-up garage and plenty of off-street parking
This quiet oasis is framed by mature trees and could easily be renovated into a stylish weekday abode for the busy professional tired of the daily commute.
For those keen to build their own dream home, a multi-storey house would optimise access to river breezes and views across the river to New Farm. Why build in the suburbs when you can make a grand statement just minutes from everything the city, South Bank, and the Gabba has to offer?
With land in this riverside precinct destined to rise in value, there is also the option of ‘landbanking’ or purchasing for future development, as there’s an excellent long-term rental tenant who is happy to renew their lease.
Whether you’re looking to secure a relaxed riverside lifestyle, build your own statement inner-city home or want to make an astute investment that capitalises on growing demand, this property has to be at the top of your list!
Expressions of Interest Close, 2.00pm Thursday 19th February 2015
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 functionally purposes.