Buy and Hold - Develop and Build.

Open for inspection

Tennyson is a riverside suburb located approximately 7km from the CBD. Easily accessible by train and bus to the city and located in close proximity to Brisbane’s International tennis centre and the Rocklea Markets.

This renovated post war character home on a large 810sqm 2 lot development block.

The home features original polished wooden floors, 3 large bedrooms and a fully renovated bathroom and kitchen. The large kitchen features plenty of storage, new stove, cooktop and tiled splashbacks. There is an easy flow out to the open plan living and dining, making entertaining and a relaxed lifestyle easy.

The lounge / dining space features wooden doors opening to a large covered courtyard – perfect for a summer BBQ and enjoying time with family and friends.

The home also features a double lock up garage, with room for 2 cars.

Centrally located in walking distance to the Ken Fletcher parklands, Brisbane Golf Course and approximately 5km to Indooroopilly Shopping centre there are plenty of entertainment options to suit any lifestyle.

Upon completion of Yeerongpilly Green there will be further opportunity to enjoy luxury shopping precincts, cafes, restaurants and an enviable lifestyle.

So what are the potential options?

Buy and hold, either live in the property or rent it out and wait for the completion of the upcoming infrastructure to take advantage of potential growth.

Move the home sideways onto one lot and the sell the other lot or build on it

Remove the home and sell the two individual lots

Remove the home and then build 2 new build homes to sell or rent

On Lancelot Street and Vivian Street there are 2 properties that are built with independent 1-bedroom lifestyle rooms. Each room is equipped with an ensuite and a kitchenette. There is also I believe a common area that is shared by the residents and each room has parking underneath. Rent for these rooms can be as high as $320/week from my research.
Assuming you built back to back (4 x 2 lifestyle bed sits) there may be potential to generate $2500 per week.
Please note these are only rough ideas that still need to be ratified and confirmed.

Raise and build yourself a larger home for your family.

For more information please call Charles Wiggett 0424 754 113.

Public Open Homes are now allowed as per REIQ advice.
Maximum of 5 people in the open home at any one time.

Inspections can also be conducted by FaceTime video or private booking, limited to 5 people at a time.

Social distancing will be strictly adhered to and sanitation prior to and after inspection will carried out.

For more information copy and paste the link below:

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