Positioned just 4kms from the heart of the City and within a short walk to Albion Village and Train Station is this classic 1930′s Queensland property that is in need of some TLC. The home has been modified and is currently a set of 6 registered flats that are in desperate need of updating or removal. You could renovate each of the flats and increase the return, or simply utilize the large block and convert it back into a large family home. With a wide frontage, narrow house and being on 2 lots, there is subdivision potential.
Features Include:
6 Registered flats in basic condition
No leases in place
Large 810m2 block on 2 lots
Owner MUST sell!
This property is not for the faint hearted. The flats currently present in basic condition and could do with a full renovation. Some of them have shared facilities, while each is individually metered for gas.
If you don’t have an appetite for flats, why not just knock down the post war extension and utilize the massive block to build your dream home. The property is on two lots and offers a wide 20m frontage. There is subdivision potential if you can slide the house across onto one of the blocks, then sell the land or build again.
The owner has made the decision to sell and will be entertaining all offers prior to the auction.