This character home, nestled in a series of three pre-1900 double brick federation style houses, is one of New Farm’s landmark properties and represents excellent value.
Many of the original character features are retained including wide open bull-nosed verandas, hardwood timber floors, fireplaces and ornate skirting boards and cornices. Double-hung sash windows are also delightfully bright and airy and add to the overall feeling of space and light.
Currently rented to long term tenants, this property will show approximately a 5 percent return on investment. This facilitates good holding income for astute buyers waiting to realise the redevelopment potential. Plans have been drawn up, and approved by Council, to extend and renovate in spectacular style. This will add further value to your investment.
Do not let this last truly special opportunity to own such a unique property pass you by. Once it’s gone, it’s gone forever!