PRIME OPPORTUNITY IN RIVERSIDE BULIMBA! BUY 1 or BOTH!
REMAX SIMON AU presents this unique opportunity in one of Brisbane's most sought after suburbs of Bulimba. Two properties side by side with a total area of 1214m2 and 30m frontage, currently with Development Approval to retain one existing house and to create two additional blocks (total: 3 x 404m2 lot + house). The opportunity is limitless, you may also apply for mix use, higher density (townhouses & units), or commercial development but subject to council approval.
Features of 52 Karthina St. (list price $625k):
> Renovated 2 bedrooms lowset house on 607m2 (approx. 15m frontage)
> Freshly repainted internal, air-conditioning
> Spacious kitchen area, separate bath and toilet
> Covered patio and carport
> Rented $380 per week
Features of 54 Karthina St. (list price $625k):
> Renovated 3 bedrooms lowset house on 607m2 (approx. 15m frontage)
> Beautiful timber floor, air-conditioning
> Great size kitchen in good condition
> Flyscreen, solar hot water
> Rented $400 per week
> Subdivide now into 3 properties with existing DA
- Existing house retained on 404m2 - estimated resale price $550k
- 2 x New blocks walking distance to river (estimated resale price $450k each)
- Build 2x riverside new homes and resell around $1M each (a number of new houses already built on Carbeen st)
> Apply for new approval
- 3 storeys unit development?
- Commercial or industrial?
- Mix use?
This is truly one of a kind in prestige Bulimba and will suit home owners, investors, developers, residential and commercial developers and land banking!
Surrounded by all upmarket homes, and very convenient location with schools, parklands, ferry and bus facilities, mins to cafe and restaurants on Oxford st, short drive to Airport and Gateway Motorway, and only 4km to Brisbane CBD!
Contact SIMON AU now for more information and inspection, THIS WILL GO FAST!
DISCLAIMER: Whilst every care has been taken in the preparation of this advertisement, photos, site plan and floor plan, they are for guidance only. All the dimensions and sizes are estimates only. The Seller and its Agents make no warranty or representation to the accuracy, reliability, currency, or completeness of this information. Buyers are to conduct their own due diligence and searches and not rely solely on this information.