- EXISTING DA TO RECONFIGURE 1 LOT INTO 3 LOTS
- ENORMOUS 2,243M2 BLOCK JUST 5 MINUTES FROM IPSWICH CBD
- 4 BED 2 BATH DWELLING (CURRENTLY CONFIGURED AS 2 FLATS)
- WILL YOU RECONFIGURE AND RENOVATE INTO A FAMILY HOME?
- U1 – RETURNING $300/WK UNTIL JAN 2019
- U2 – PREVIOUSLY RETURNED $260/WK

This generously-proportioned character home is set on a 2,243m2 block, located a remarkably short distance from the CBD of Ipswich. There are a number of different uses for this property – opportunities like this are few and far between, so don’t miss out!

One possibility is to make use of the approved DA over the property, which is to split it into 3 lots while retaining the existing dwelling. The additional two lots could be built on to maximize the rental yield of the property, held against the prospect of future growth, or sold off for an immediate return.

As of today the dwelling is configured as two flats, each with two bedrooms, a bathroom and a sleepout. Unit 1 is currently rented for $300 per week until January 2019 (to the same tenant that has lived there for over two decades!), while Unit 2 is currently vacant and awaiting your inspection, having previously been rented for $260 per week. With a combined rental yield of $560 per week, the value is already there to be seen!

Fantastic rental opportunity aside, some minor works to reconfigure the dwelling combined with some cosmetic renovations would pay great dividends. The sheer space underroof means that you could reconfigure this grand old lady in whatever way you see fit, leaving you with a substantial family home in a top location.

Proximity to the Ipswich CBD makes this opportunity something truly special, and one that doesn’t come around very often! Just 5 minutes in the car will get you to the heart of our great city and all that is on offer there, from the boutique cafe dining options that Ipswich is so well-known for, to the endless retail options at Riverlink Shopping Centre and the Ipswich City Mall. The commute to Brisbane CBD should take about 40 minutes, making this great property suitable for a wide range of people.

This property clearly has some serious potential, and its wide range of possible uses makes it a very flexible purchase indeed. Call Glenn Ball from First National Action Realty Ipswich for more information or to arrange your personal inspection.

DISCLAIMER: First National Action Realty has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.