46 Jordan Terrace

Bowen Hills QLD 4006

The only reason that this property is NOT sold is that the owners expecations have not been aligned with market value in the past. There have been cash offers in the Mid to High $700k's which were rejected previously!! The owner wants it sold now.
Where else can you find 2 flats on 617 sq.m. of land in a prime position + further development potential for the price? Elevated & not flood affected.
How much is a flat worth?
How much are two flats worth?
How much is 617 sq.m. of land with 2 street frontage in a prime position worth?
And on top of all that, there is a possibility of building 2 more flats on the property. Or converting the two flats back into a home or homes? There are options.
Read that again....and again..and answer the question.
You will agree that for the price, this is very reasonable.
A property comprising a residential building on piers with the upper level boasting two spacious flats with 3.2m high ceilings. The flats consist of :
.1 x two bedrooms, living, kitchen/dining,fireplace, bathroom/laundry, balcony
.1 x two bedrooms, entry, study/rumpus,kitchen, lounge/dining, bathroom
The other features include:
. on two lots, north facing, elevated position and
local views
. two street frontage (Jordan Terrace & Edmonstone Road)
. Low Medium Residential (LMR) classification
. flats returning $685 week
. in a PRIME superb inner city location
. walk to Breakfast Creek Hotel, James Street
precinct, Valley & more
. set amidst large apartment, commercial &
institutional buildings, historic property Miegunya, old & contemporary homes, car yards, billboard advertising, service station & so on.
Buy & hold & sit back & wait for capital gain (very likely given that Newstead is undergoing massive redevelopment).
Develop the lower level (STCA) and create an apartment block. Formerly approved plans for 2 extra units, 4 carport & 2 visitor cars available for perusal. Benefit by adding value & increased rental income.
With the property's two street frontage & location in relation to adjoining uses, there is a possibility of future redevelopment of the site given the current building is out of scale & character (STCA).
Don't delay. Opportunities such as this come rarely. A serious investment opportunity with development potential for the astute. Don't wait to buy property. Buy & hold & improve.
A copy of the Sustainability Declaration for this property is available from the agent.
Additional feature/s - Built-In Wardrobes.