10 Niel St, Lamb Island QLD 4184

Submit your best and final offer in writing before 5pm Friday 4th August 2023.

Calling all builders, DIY enthusiasts, renovators, and visionaries! Presenting a remarkable opportunity to restore and rejuvenate a 4-bedroom dual living house to its former glory. This well-built, solid home, although in need of substantial repair, holds immense potential.

The property features identical floor plans on each level, boasting spacious bedrooms measuring 4m x 5m, complete with built-in wardrobes. Both levels offer full-size kitchens, open plan living area with abundant windows and sliding doors (some of which require new glazing), a laundry, a separate toilet, and separate bath and shower facilities.

Please note that the upper level is currently inaccessible due to safety concerns. The structural posts supporting the front of the house have suffered decay at the bottom, but temporary support has been established using acro props. Fear not, though, as detailed photos, a video, and a recent pest and building report are available to provide you with complete transparency.

Now, let's take a closer look at the upsides.

- There are no live termites in the property.

- High ceilings.

- Abundant windows and doors allow ample natural light to fill the living spaces.

- Separate private entrances to each level offer convenience and privacy. Once restored, this home presents an excellent opportunity to achieve an above-average rental return.

- The upper level features quality timber floors, and showcases a mix of hardwood and cypress pine framing while the lower level has rendered concrete block walls and tiled floors throughout.

Now, let's address the areas in need of attention.

- Although termite damage has occurred in the past, there are no signs of them being here any more.

- The front posts supporting the roof and verandah require replacement and will need inspection by a structural engineer before the home is habitable.

- The property will also benefit from two new kitchens and appliances, though the existing solid timber cabinetry can be repurposed - A fresh coat of paint and new handles will work wonders.

- Some windows and doors have broken glass and need repair.

- Patching and painting are required for the plasterboard, and a few new lights and ceiling fans will breathe new life into the space.

- Possible moisture issues through the blocks, they may need sealing.

- The bathrooms and laundries need attention.

- Lastly, the sailboat hull on the property will need to be removed by the new owner.

The home holds the potential to become a splendid, spacious residence ideal for multi-generational living with its dual living layout. Situated in a fantastic location off Perulpa Drive, 1.2km to the ferry terminal and 900m to The Recreation Club (Lamb Island's 'bowls club'), you'll also enjoy the convenience of being just minutes away from Ian Ward Park.

This is the perfect project for DIYers, handymen, builders, or first-time homeowners seeking a rewarding opportunity. Don't miss out on this chance to create your dream home. Contact resident agent Kat Gawlik today to arrange a viewing and embark on this exciting journey of transformation.

I encourage you to put forward your best offer as there may not be the opportunity for further negotiation. Offers will remain confidential and submitted to the vendor as they are received.

Contact resident agent Kat Gawlik to arrange a private inspection and for further information. 0497 887 953

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained here is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or mis-statements contained in this document. Prospective purchasers should make their own enquiries to verify the information contained here.

Property Code: 2546