This income producing residence on 810m2 with 2 lots offers a number of options for the future owner.

Options include:
 Leave as is and collect the rent.
  Upstairs of the house rents for $590 per week.
  Downstairs Flat 1 (1 bedroom) rents for $250 per week.
  Downstairs Flat 2 (2 bedroom) rents for $380 per week.
Or:
Live upstairs and collect rent from the downstairs flats
Or:
Create a huge inner city residence.
And:
The possible development options now or in the future.

Originally a colonial cottage, the house has been raised and built in under and now allows separate living over two levels.

The top level has been renovated and accommodates two double bedrooms each with walk-in robes, a sleep out/study, two way bathroom and a separate lounge and living room.

The kitchen opens onto a huge east facing deck that enjoys some city views. An internal laundry completes this level that features polished floors and timber privacy shutters throughout.

The brick lower level has two self-contained flats, one with two bedrooms and the other with one bedroom. Each has its own external living space, either a deck or a terrace.

Another area below this level allows for plenty of secure storage.

There is also an in-ground pool and BBQ area and covered parking for four vehicles at the rear of the property. Features such as these are hard to find in inner city property.

Ruth Street is a short walk to the educational precinct of South Brisbane that includes Brisbane State High School, Somerville House, St. Laurence’s, Southbank Tafe, and QUT.
Southbank Parklands, Mater Hospital, Brisbane CBD, and bus and rail transport are all close by.

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.