House for sale

148 Boundary Road,

Bardon, QLD

6 5 0
FOR SALE

Exciting Opportunity: Entire Block of Flats in Bardon!

* One Title, no body corporate levies, sitting on 711sqm of land
* Property generates over $72,000 Gross income p.a.
* Within the Rainworth State School catchment
* Close to schools, shops, transport and lifestyle necessities
* Commercial character zoning
* Highly sought-after original features potential shopfront
* Excellent street appeal
* Close to school, medical and allied health rooms, and their potential client base

Calling all keen investors and budding Landlords; this is an exciting opportunity that will need to be acted upon fast!

Here you have five separate flats on a freehold Title, meaning no body corporate levies, that generates over $72,000 in gross income per annum in one of Brisbane's most affluent inner-city suburbs.

148 Boundary Road currently comprises of a 1 x 2 bedroom flat, 2 x 1 bedroom flat and 2 Studio Apartments that are rented on a variety of short and long-term leases. All flats include split-system air-conditioning, security screens and have access to a communal laundry and yard.

As per a Town Planning Report (available upon request), 148 Boundary Road is zoned Commercial Character', so the existing building may be used for a range of non-residential purposes as accepted development, if complying with all acceptable outcomes in Section A of the Commercial Character Building (Activities) Overlay Code. Accepted development does not require a town planning development application. Such uses are as follows:

a. Club
b. Community care centre
c. Community use
d. Educational Establishment
e. Health Care Service (e.g. dental clinics, medical centres, natural medicine practices,
nursing services, physiotherapy clinic, etc.),
f. Office (e.g. bank, real estate agent, administration building, etc.);
g. Shop (e.g. hairdresser, boutique, department store, corner store, etc.)
h. Veterinary Service

From this address it is just a hop, skip & Jump to some of the best things Bardon and the inner-city have to offer; French Tarts Patisserie, Norman Buchan or Rainworth Park, Rosalie Village, Toowong Village, public transport or Paddington's Latrobe and Given Terraces. This is a rare find with so much opportunity on offer- call Judi or Michael today.
Last updated: 01:47PM on Jul 17th 2019
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Paddington QLD, 4064
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