1 & 2/3 Bridge Street, Ashgrove QLD 4060

Discover this exceptional investment opportunity featuring two properties on one title in the heart of Ashgrove. This purpose-built post-war duplex showcases beautiful polished timber floors throughout and offers immediate rental returns with potential for future development, making it perfect for investors seeking both current income and long-term capital growth.

Unit 1 presents a well-designed 2-bedroom layout with southern aspect positioning that ensures pleasant living conditions year-round. The unit features gorgeous polished timber flooring throughout, a full bathroom with stylish diamond-pattern feature tiling, plus separate W.C. for added convenience. The open-plan living and dining area flows seamlessly into a modern white kitchen with excellent storage and bench space, while large windows fill the space with natural light and leafy outlooks. Currently tenanted at $950 per fortnight, this unit provides reliable rental income with an established tenant base.

Unit 2 offers more spacious accommodation with 3 bedrooms and boasts the same stunning polished timber floors throughout. The intelligent floorplan features a separate master bedroom positioned away from the other 2 bedrooms, providing excellent privacy and comfort for tenants. The unit includes its own full bathroom and the charming timber kitchen features classic cabinetry with ample storage and bench space, complemented by the property's characteristic post-war details including decorative ceiling features. Large windows throughout capture beautiful leafy views and flood the spaces with natural light. This unit is currently generating $960 per fortnight in rental income, contributing to a combined fortnightly return of $1,910 or $49,660 annually.

The property sits on a generous 486m² block with established gardens featuring mature trees and low-maintenance lawns, providing excellent privacy and a peaceful setting. Additional features include a shared laundry facility on the ground floor and dual garage spaces for secure parking. The prime Ashgrove location is one of its greatest assets, positioned within walking distance of prestigious educational institutions including Marist College and Mt St Michael's College. Residents enjoy easy access to bus routes that provide direct connections to the city, making this an ideal location for families and professionals alike. The area's established reputation and convenient transport links ensure strong ongoing rental demand.

For investors and developers, this property presents unique flexibility. The dual-income stream provides immediate returns while the substantial block and prime location offer potential for future redevelopment into a family home, subject to council approval. The combination of current performance and future potential, enhanced by the property's excellent presentation with beautiful timber floors and well-maintained interiors, makes it a rare find in today's competitive market.

This is an outstanding opportunity to secure a well-positioned duplex in one of Brisbane's most desirable inner-city suburbs. Whether you're an investor seeking immediate returns or a developer looking for future potential, 3 Bridge Street represents exceptional value in the heart of Ashgrove, complete with the charm of post-war architecture and modern conveniences.

Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes