House for Sale
- About this property
- Explore Petrie Terrace
Options & Opportunities - Excellent ReturnsProperty ID 1672640A highly desirable location offering an Inner City (4000) Brisbane lifestyle.
This is an opportunity to secure a property that has potential for multiple uses.
You may have a huge family home on two levels with seven bedrooms (or convert some rooms into a Parents Retreat, Media Room, Study) plus you have multiple living areas.
Enjoy a few laps in the sparkling in-ground pool.
For the investor, a potential rental return on the entire property of up to $80,000 per annum, either as Student Accommodation, Airbnb, or renting the two self contained upper and lower levels with separate entrances.
Alternatively live upstairs with three spacious bedrooms, kitchen, bathroom, lounge room, front verandah and enclosed deck. Create an income for life by renting the self contained downstairs area.
Situated in a quiet cul-de-sac in Petrie Terrace, an Historical Precinct, a few minutes walk to the popular Barracks with retail, commercial and Cinemas and the Caxton Street Hotel and restaurants. No more than a ten minute walk into the heart of Brisbane city. A casual stroll to the Suncorp Stadium, Brisbane Grammar, Brisbane Girls Grammar and St. Joseph's Gregory Terrace schools and the Roma St Transit Centre (Railway and Bus Lines).
Brisbane City Council's new City West Vision and Investment ensures the area will be nationally recognised as a unique cultural quarter, featuring historic landmarks, major events, dynamic street life and convenient connections to the CBD and surrounds.
* First time offered to the market in 21 years
* Downstairs rental only, Accountant's figures show a return of $49,000 per annum
* Accommodation for eight unrelated people. (Certificate of compliance from Fire Safety)
* One car space plus council permits for on street parking.
* Comes fully furnished.
* Air-conditioned comfort.
For more information go to https://www.brisbane.qld.gov.au/sites/default/files/20150317_-_city_west_vision.pdf