97 Scott Road
Herston, QLD 4006
Sold $960,000

Property Details

Bed 5 Bath 2 Car 2

Land Size

607 square metre

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Renovated Queenslander plus Prime Investment/DA Approved Development!

*Offers prior to tender due date will be considered*

Situated in a sought-after inner-city location and only less than 3km from Brisbane CBD, this exceptional cash cow investment offers buyers the ability to buy a rooming accommodation house with long term tenancies whist offering further development of three townhouses within the allotment. Rarely you will find a property within short walking distance to the proposed world class “Victoria Park Golf Course”, Royal Brisbane Womens Hospital, QUT, Kelvin Grove Village.

Key Summary of Property:
– Multiple options (renovate existing home to move in or development can cater to rooming or regular residences/townhouses).
– Corner development site (with existing 5 beds, 2 baths home)
– DA approved for an additional 3 townhouses plus renovated existing home (15 bedrooms with 10 bathrooms to maximise rental income)
– 200m to the QUT University entrance (across the road from the education precinct and state school)
– 700m to Metro North Health Services
– High rental demand location for professionals, students (and families)

Development Potential:
• Commanding a significant landholding of 607m2 and north facing, this corner position currently sits on a pre-war dwelling positioned in the front of the allotment with additional land at the rear of the property for future development.
• DA has been approved for 3 x townhouses and existing house to be upgraded. Three townhouses consist of 2 x 4 bedrooms, 1 x 3 bedroom and renovated existing dwelling with 4 bedrooms plus study (Please request accompanying DA documentation from the agent.
• Zoned LMR2 (Low-medium density residential).
• Corner allotment, located at the corner of Franklin St and Scott Road.

Existing Home:
• Beautiful character Queenslander home on 607 sqm corner block offers buyers the potential to renovate for families to live in
• Five bedrooms including living, kitchen and two bathrooms with potential for further renovation

Located within a short walking distance to the planned $1.1B development (Herston Quarter), which comprised of multiple integrated buildings, including a new specialist public health facility, a new private hospital, retail and restaurant facilities, aged care and retirement living, residential and student accommodation, childcare, car parking and an array of public spaces, the potential is enormous.

Location:

Herston is a small inner-city suburb within a short 3km trip to the CBD, near the Royal Brisbane and Women's Hospital, Victoria Park Golf Course, Kelvin Grove State College, Kelvin Grove Urban Village, and ideally located for the significant student population that studies at the nearby Queensland University of Technology and University of Queensland.

The nearby Kelvin Grove Urban Village offers great shopping, including many Restaurants and Cafes, a local Supermarket, Butcher, Dentist and Doctors. The Urban Village doesn't stop at shopping though with many other great amenities and services such as banking with the local BOQ, and a fantastic Gym, all this within a walk of your new apartment. The Urban Village is quickly becoming something special with the Saturday Farmers Markets and many creative events on the calendar every year. You will love being a resident of such a great community.

Disclaimer:
Please note that furniture has been digitally added to the living area and bedroom of the house after the professional photography has been taken and shown in the advertisement.

** Disclaimer** 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. Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.

Agents Representing 97 Scott Road

Alan Woo
Lead Agent
Mario Sultana
Principal

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