Auction Location: In Rooms, LJ Hooker Brisbane West – 52 High Street, Toowong. We all know that Location, Location, Location underpins both Real Estate investment and lifestyle returns. It is often promised in Real Estate marketing and rarely delivered.84 Thomas Street delivers without question!This 1970s home is located in the very tightly held precinct of Kangaroo Point where less than 20 free standing dwellings have exchanged hands this calendar year (source: realestate.com sold properties). It is located in a character zone and is surrounded by character homes which afford the owner so many options. You can let your architectural imagination run wild and renovate and modernise the existing property with flair; you may decide to remove the property (subject to council approvals of course) and perhaps build your new modern masterpiece. You could compliment the streetscape and construct a modern Queenslander with all the style of yesteryear but without the maintenance costs or worries.The choices could all be yours.The current home offers a strong passing rental income and comprises five bedrooms, 2 bathrooms and separate living areas. The current tenants are on lease until 21/03/17 paying $580 p/w, providing you income whilst you make your plans. Or, you may be the long term investor who knows holding properties in premium locations across the property cycle is very often profitable indeed.The current owners have retired to the Sunshine Coast and have decided to liquidate their Brisbane investment portfolio to allow them to relax in retirement. They are highly motivated to sell and look forward to meeting the market and achieving a pre Christmas sale under the hammer.Freehold properties with land in Kangaroo Point are rarely offered, dont miss your opportunity.The owners will consider pre auction offers.Features of the property include but are not limited to the following: Five Bedrooms Two Bathrooms Tandem Car Accommodation 405 sqm allotment 1970s Brick ConstructionLocation, Location, Location: Walking distance to local shops and multiple dining options Kangaroo Point Cliffs and River walks - 350m Goodwill Bridge for City access - 1.2km Short Walk to local Bus Stop Mowbray Park Ferry - 500m Anglican Church Grammar - 1.5km Somerville House - 1.25km Brisbane State High - 1.7km The Gabba - 750m Lady Cilento, Mater and St Vincents Hospitals - Less than 1.5kmRetiring owners are motivated to sell prior to Christmas and are committed to selling on Auction Day or before.Dont miss this rare opportunity!