Situated in the heart of West End, this amazing property consists of 8 self contained flats ( 6 x 1 bedrooms & 2 x 2 bedrooms ) on a large 908m², corner allotment and offers the astute investor the opportunity to purchase a property with multiple options.

With Low Medium density (LMR2) zoning, options include:
(1)  Redevelop or demolish the structure to build new units or several homes (Please refer to BCC City Plan 2014 Property Report) and Preliminary Planning overview by Jensen Bowers that is available on request,
(2) Reconfigure the current units,
(3) Renovate the building and increase your returns,
(4) Live in part of the building and collect rent, or
(5) Collect the rent and watch the asset grow.

Centrally positioned with many amenities within walking distance including cafes/coffee shops in Boundary and Melbourne Streets, the educational precinct with Brisbane State High School and West End State School nearby. Coles shopping centre, Post Office facilities and transport are also handy.

The Southbank and Cultural Precinct, Brisbane CBD, QUT, UQ, Southbank Tafe, Mater Hospital are also easily accessible.

This magnificent and rare  property is to be Auctioned on site at 41 Besant Street West End on Saturday 12th March at 11am.

For more information including income, expenses, BCC property report, individual unit  plans; they are available on request to interested parties.

Inspection By Appointment Only.

Disclaimer:

S Drakos Real Estate accepts no responsibility for the use of or reliance upon the information contained within.

The information contained herein should not be solely relied upon for investment decisions, including for the purposes of purchasing of the subject land. S Drakos Real Estate strongly recommends further detailed investigations are conducted prior to making such a decision. Further detailed investigations which might be advisable could necessitate engagement of a land surveyor, civil engineer, architect, quantity surveyor, valuer, and / or others. Further detailed investigations might also call for a meeting with local Council and / or State Agencies.