Initial town planning investigations suggest you could easily add to the existing structure on this property and get four flats as three bedroom, two bathroom or five flats as two bedroom, one bathroom flats on this two lots of 1083m2 LMR land.

Approximately 200 metres from the pedestrian entry to a train station, 60% GFA (gross floor area) on this land is most likely. With a very high unimproved land value, this property is situated on the Fairfield/Annerley border.

Currently there are three x two bedroom, one bathroom, ground level brick flats on the property. These could quite easily be strata titled as there are brick walls dividing each flat. Presently returning a good income, rents could be increased to bring them in line with their true market value. All flats are in good condition and have their own carport.

Less than five kilometres from the CBD, this prime inner city investment is within walking distance to a shopping centre and public transport. Always occupied, the flats are within very close proximity to the Green Bridge and QLD University.

Perfect for the investor looking to add value, these flats represent a unique and all too rare opportunity. Purchase now.

1083m2 LMR land
200 metres to train
Walk to shops
Near Green Bridge
QLD University nearby