Studio apartments in strategic location
Only 5kms from the CBD with access to nearby public transport, major roads and local amenities, this property is just waiting for a savvy investor to make full use of its potential.
All six apartments are well sized for studios, with each including a spacious bedroom/living space and separate kitchen/dining, along with a tidy bathroom. Some of the apartments incorporate original features of the property such as VJ walls and hardwood floors.
Carports and separate laundries for each studio are located under the property, along with a large storage area.
The property offers plenty of potential for development that will help you maximise your investment. Renovate the existing structure to something more suiting your preferences or take full advantage of the large block size to knock down and replace with brand new units/townhouses, there is currently a DA (Development Application) for five townhouses – the choice is yours! The existing studio apartments with their high rental yields are a great source of income while you plan your next move thanks to the excellent location – proximity to major roads and public transport ensures you'll always have tenants looking to move in.
The Albion location provides access to excellent features in the surrounding area. Lutwyche Shopping Centre is a few streets away, while main road access puts shopping, dining and bars in Albion, Clayfield and Chermside within easy reach. Nearby Albion and Wooloowin stations combine with Lutwyche and Sandgate roads to ensure quick travel into the city and out of town. The property's close proximity to nearby schools is an additional reason to consider development in order to capture a large new tenant base.
This is a fantastic opportunity for investors looking to make their mark in Brisbane. Turn this into your Place by calling today!
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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