Investment or development opportunity – First time on the market in 37 years

Zoning: Lmr2 Low-Medium Density Residential (2 Or 3 Storey Mix) 

Situated in Norman Park; smart investors, developers and renovators will appreciate the outstanding value that this prime position has to offer.

A complex of 5 self-contained flats sits proudly on 706m2. Located on the high side of the road ensures that stormwater can be diverted away from the property. 

Current configuration: 3 x 2 bedroom flats and 2 x 1 bedroom flats. 

Flat 1: Two bedrooms

Flat 2: One bedroom

Flat 3: One bedroom

Flat 4: Two bedrooms

Flat 5: Two bedrooms

Parking

Four car ports provide undercover parking. 

Convenient location: 

– 400m to Norman Park state primary school

– 500m to Balmoral Park

– 750m to Morningside train station

– 2.8km to Coorparoo Square 

– 3km to restaurants and cafes at Oxford Street, Bulimba

– 6km to Brisbane City

– Short distance to Anglican Church Grammar School & Lourdes Hill College

The property is a clever investment for your Super Fund with a potential rental income of over $110,000 per year. You could also reimagine or renovate the interior to maximise your return.

Interior size: 239m2

Development is subject to Brisbane City Council approval. 

Please contact Eagle Real Estate to inspect on 3394 1077 or 0439 781 640.

Disclaimer:

We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.