SOLD by MARIO SULTANA
Alderley presents a compelling combination of an inner city locale, good infrastructure, high rental demand and excellent transport links, which equates to strong capital growth potential for a savvy investor or developer. An approved development application (DA) is already in place for this corner site, the groundwork having been laid for the building of four Townhouses.
The convenience is outstanding with a brand new Coles complex just down the road, an easy walk to the railway station and only a 50-metre stroll to City buses.
Currently occupying the block, with access from Samford Road as well as Musgrave Terrace, is a four-bedroom workers cottage offering numerous possibilities for a keen renovator or an investor looking to secure a rental opportunity in a sought after location.
The existing home features a traditional layout with classic VJ walls, high ceilings, timber floors, and bedrooms, two with adjoining sunrooms, that flank the long hallway leading to an open plan living space and eat-in kitchen flowing out to a generous, sunny deck.
A few steps down on this level there is a large family bathroom and an adjoining internal laundry. Below is yet another living area, kitchenette and bathroom with separate toilet.
Alderley has undergone a major rejuvenation with millions of dollars being poured into its streetscapes, beautification works and upgrading of its long established train station. A huge drawcard of the area is the direct access to the Kedron Brook Bikeway offering 40km of cycling tracks and Grinstead Park perfect for weekend leisure activities.
Dine in the bistro at the popular Alderley Arms Hotel; grab a coffee from an array of coffee shops or indulge in some retail therapy in one of the many Shopping Centres in neighbouring suburbs such as the newly expanded Westfield Shopping Centre in Chermside as well as Brookside, Stafford City and Newmarket Village. The Airport Link motorway is close by for a quick commute to the Airport or a mini break to the Sunshine or Gold Coasts.
*This property is being sold without a price or by auction and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.