365 Ipswich Road in Annerley offers a wealth of opportunity to capitalise on Brisbane’s housing shortage and future growth, to add dwellings in a location that is constantly in huge demand, both by buyers and tenants alike.

Currently presented up as 3 separate flats in near original condition, the scope for renovation of the existing dwelling is uncapped and will make for a nice income to assist with holding cost as your construction begins on the townhouses in the back-yard. Plans also exist to further enhance the cash-cow building turning 3 flats into 5 (4 one bedroom flats, and an additional studio apartment) (subject to council approval / email for a copy of the proposed plans on file).

The Council Approved DA extension / addition is for two mirror-image townhouses split over two levels. Each of these proposed dwellings have a double tandem garage, kitchen, lounge, dining, laundry, and powder room on the lower level with an alfresco area as well. The floorplans run North-South and have three bedrooms, two bathrooms, a rumpus room, and two decks each on the upper level, likely to pull in partial City glimpses to the North.

The location is favourable to occupants of a one-bedroom unit and a three-bedroom townhouse alike; the PA Hospital, Woolworths, the Green Bridge across to the University of Queensland, Dutton Park Cross River Railway Station and various bus routes are all within walking distance, while the property also falls within the new Inner City South State Secondary College catchment. If work takes you elsewhere, the Pacific Motorway entrances at Juliette and Cornwall Streets are nearby.

Key property features:
– 3 x flats, ripe for renovation and enhancement
– DA Approval for 2 x three bedroom townhouses
– Plans available to enhance 3 flats into 5 (STCA)
– 860m2 land
– Within the new ICSSSC Catchment
– Bus stop on your doorstep

To obtain a copy of the council approvals or the additional plans for the flats, enquire below or attend an advertised open home.

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.