16 Prospect Terrace, Kelvin Grove QLD 4059

Situated on an elevated allotment on the border of Kelvin Grove and Red Hill, this 627m2 parcel of land includes four income producing flats. The existing dwellings are in liveable condition. Consideration may also be given to exploring development opportunities* if neighbouring properties are to be observed. This property will capture the attention of astute investors seeking proven earning capacity with further scope to capitalise on improvements or development .

The existing dwellings are represented under one title, each flat is fully self-contained, presenting an open plan lounge room and adjacent kitchen. Two adjacent one bedroom flats are situated at the front of the allotment. They are in a neat and tidy condition and offer extensive potential for renovation. Two additional flats feature two bedrooms, split system air conditioning, updated kitchen and bathroom amenities. Separate, detached laundries and car accommodation are provided with each dwelling.

Providing fantastic growth potential, scope for further return on investment and future development opportunities*, this property demonstrates an unrivaled offering for buyers in the market for a solid investment.

Located within walking distance to the Kelvin Grove Urban Village, Royal Brisbane & Women's Hospital and just 4 kilometres from the CBD. The busway located at the end of the street is a convenient transport option. Gramps Café and Little Red Providore on Windsor Road are popular with the locals. Other local highlights include the Kelvin Grove Village Markets on Saturday mornings and the expansive Victoria Parkland is ideal for picnics, exploring and capturing the city view or cool off in the Centenary Pool. Within the school catchment for Kelvin Grove State College and walking distance to QUT Campus. Popular choices for private schools include Brisbane Grammar, Girl's Grammar and St Joseph's College (Terrace).

Inspect by appointment or contact Max Hadgelias 0411 276 372 for further information about submitting your interest.

**Any reference to development is general in nature and is subject to relevant council approvals.

It is the responsibility of prospective buyers to make their own enquiries and seek professional advice prior to engaging in any negotiations. **