Positioned in a supremely central locale that is less than two minutes walk from shops, parks and the University of Queensland, this entirely original family home on two separate lots totalling 1401m2, presents many options for the shrewd investor.

With its ideal north-east facing position, it is possible to demolish the existing house, and build two new contemporary homes on the prime, elevated blocks.

A second option is to renovate the existing house, which consists of the main home, (open plan living and dining and three bedrooms), along with a detached brick granny flat that was a more recent edition and offers fully self contained living along with a dual car garage.

Otherwise, keep both blocks and build a truly remarkable residence in this private and picturesque locale.

Certainly the position is truly desirable, with the close proximity to all amenities further enhanced by a secluded setting at the end of an elevated, tree-lined cul de sac.

As well as being within walking distance of the University and Hawken Village cafe precinct, the property is just a few minutes drive of quality schools such as St Peters College and is within the Ironside State School catchment zone.

Public transport is also easily accessible with a bus stop down the road and the Citycat a ten minute stroll.

Whatever option you choose, this is certainly a superlative site with myriad possibilities for many lifestyle requirements both now and in the future.