81 Simpsons Road,
Potential and Position in Leafy Bardon on 1,106m2!AUCTION: Thursday, 28th June 2018- 6.30pm- Darling & Co. 157 Given Terrace, Paddington
A unique opportunity has become available for the astute buyer seeking a large block in one of Brisbane most leafy and desirable suburbs - Bardon. A large property situated on the massive block, the dwelling has been divided into 5 self-contained flats. The opportunities with a block of this size and location are almost endless. The owner's circumstances have changed and, as such, this property will be SOLD at auction on the 28th of June.
- The property contains 5 livable and self-contained flats;
- Currently multi-unit dwelling in character zone, with future opportunity (STCA);
- Dual street frontage will allow for easy renovations or future building;
- Elevated 1,106m2 block with north-east rear aspect.
Situated in a convenient, leafy locale, 81 Simpsons Road has immense potential as an investment, development, or a future family home. The existing flats, while livable at present, could be easily updated with modern conveniences to increase the rental return and create an ideal investment to hold for the long-term. The flats have been popular with tenants in the past, with the potential for increased rental returns with some renovations. As a set of flats, there is great potential for the astute investor.
Of interest to developers is the size of the block and the fact it is currently used as a multi-unit dwelling. You may potentially remove the existing residence (Subject to Council Approval), and potentially build townhomes or boutique apartments. An alternative for families would be to embrace the character features of this pre-war home and renovate to create a residence which blends traditional style with modern features. Alternatively, consult with Council regarding the potential for subdividing this block. Build your dream home on one block, and sell the other to help pay off the mortgage!
Regardless if you are a developer, investor, or building your dream home - the location of this property is difficult to beat. The 375 bus route leaves from your doorstep, while the express CityGlider stops just 500m away; these public transport options will ensure your commute is a breeze. Located within the Rainworth State School and Kelvin Grove State College catchment areas, you will also find St Joseph's Catholic Primary School only 220m walk away. The private schools of Ashgrove are within easy reach and the Bardon Community Kindy just a five minute walk. Finally, the boutiques, cafes and restaurants of the Paddington and Caxton Street precinct are just a short drive away.
The options available on this site are almost limitless, and this home is now awaiting its new owner. This property is sure to appeal to a wide range of buyers, so be sure to inspect this weekend! 81 Simpsons Road will be SOLD at auction on the 28th of June, if not prior. Contact Angela or Harrison for further information.