Presenting an unmissable opportunity in one of Brisbane's best inner-city postcodes, we are offering the astute buyer a versatile opportunity to renovate this remarkable property for their family, or hold as an investment property to enjoy future bullish growth. This blue-chip investment is the ideal addition for your property or superannuation portfolio or could be converted back into a traditional Queenslander home which would be magnificent given the classic federation façade, street appeal and wide frontage.

This property is positioned on a wide street with complete accessibility and convenience to the much sought-after East Brisbane locale, only 2.5 kilometres to the CBD and within easy access to Brisbane's most elite schools, transport facilities and a known lifestyle precinct. Just one kilometre away is the iconic Woolloongabba Sports Stadium, the epicentre of the 2032 Olympic games. The construction of Cross River Rail will get you into the CBD in a mere 3 minutes.

Held by the same family for over 35 years, here's your chance to secure a rare offering in an amazing lifestyle area, as well as securing your own financial future.

Features:
· Generous 607m2 allotment with approximately 14.5m frontage and 40.2m depth
· High ceilings (upstairs is 3.2m and downstairs is 2.42m)
· Currently being utilised as 4 apartments returning approximately $57,000 per annum
· Some art deco features on the lower level (believed to be built in around the 1950s) and more traditional Queenslander structures on the upper floor
· Green leafy aspect with city glimpses
· Functional kitchens with gas cooking
· Large backyard with side access on 2 separate lots.

Ideally located 80 metres to bus stop, professional services suites, cafes, a florist, the Lord Stanley Hotel, an award-winning fish and chippery, wellness vet, parks and antique stores. Nestled between million dollar plus properties in a street with many recently renovated homes, the potential here is outstanding. East Brisbane is home to the prestigious Anglican Boys Grammar (Churchie) and in close proximity to Somerville House, Villanova and Loretto College, securing your child's educational opportunities.

If you choose to keep this as investment property you will reap the rewards of a high growth inner city locale. Currently it's returning approximately $1,100 per week. Each apartment is separately metered and has high occupancy rates due to the shortage of affordable inner-city rentals.