Exceptional Development & Investment Opportunity. Large Club House on Prestige Location, Prime 1189m2 Allotment, 2 Lots, High on a Hill with Panoramic Mt Cootha & Suburban Views, Corner Position!

Features:

> 1189m2 of inner city property, less than 1.5km to CBD
> 2 Lots on Corner Position, Prestige Location
> Panoramic Views Suburban Views, Views to Mt. Cootha & to the Northside
> Existing Very Large Club House
> Level block, with house on one- side, massive vacant block to split for future development
> Existing house with 3 bedrooms, 2 bathrooms, 2 kitchens, and very large rumpus area
> Internal living with quality timber flooring
> Carport for 3 cars
> Tree- lined street, surrounded by quality renovated Queenslanders
> Next to parkland
> Walk to cafe & shops
> Easy access to City, Royal Brisbane Hospital & Victoria Golf Park

Potentials:

> OPTION 1: Maintain existing house, realign boundary to create new lot (approx. 500 600m2)
- 3 bedrooms house with views on 600m2 (approx. $700k – $850k renovated)
- 500 600m2 vacant lot with views approx. $(600k – $650k)
- Can build a new house on vacant lot (approx. $1.2M – $1.8M resell price)

> OPTION 2:
Realign boundary to create 2 new lots – 600m2 & 589m2 ($600k – $650k)
Build 2 new houses low or highset (resell price around $1.2M – $1.5M given 600m2 size, very rare in Red Hill)

> OPTION 3:
Build a mansion on 1189m2 to capture full views in all directions

> OPTION 4:
Hold 1189m2 of city fringe land for future capital growth, existing house can be rented out for approx. $400 – $450 p.w.

Opportunity like this doesn’t come often at all. Enquire today for an immediate inspection!

Sustainability Declaration available from the Sales Representative upon request.

Please contact this Agent direct 7 days.