164 Water Street, Spring Hill QLD 4000

Every once in a while something truly unique and amazing comes to the market and this is one of those times.

Offering untapped potential, an amazing location and all the character and charm that you would expect in Spring Hill without the restrictions often attached. 164 Water Street, is one of the more interesting properties you will ever come across. From the street it would be easy to believe that this property was built in the early 1900's, but this is not the case. After the previous property on the site was damaged by fire, the owners set about building and replacing the property from new with this great replicas. Currently being subdivide from the back house with new titles pending.

One of the more unique features is the "Parlour" located on the ground floor which is fully self contained. The next two levels of this home which also offer separate access from the parlour you find a sizable inner city home, with its wrap around veranda and additional outdoor areas, the entry level of this one also offers light filled interiors, a sizeable and air-conditioned living and dining zone, full kitchen, water closet, access from the secure carport and internal access to the upper level. The upper level of the home features three bedrooms (two loft style), ensuite and main bathroom.

With the Parlour and the house currently rented separately and returning a combined income of $640 per week (parlour - $220, lower house $420).

With ample opportunity to come in and update and renovate to your own style, or simply leave the tenants in place and hold onto an amazing investment property.

This is the first time the properties have been offered for sale since being built and due to the change in the sellers circumstances, it now has to be sold!

THE LOCATION
At just one kilometre from the GPO in one of Brisbane's most admired, character-filled precincts, 164 Water Street offers an exciting gateway to the CBD's world class shopping, dining, recreational and cultural attractions.

It is also conveniently close to the caf societies of Spring Hill, Paddington, Fortitude Valley and New Farm, you are never more than ten minutes from everything this unique locality has to offer.

The location is exceptionally close to some of Brisbane's leading secondary colleges - Brisbane Boys Grammar, Brisbane Girls Grammar and St Joseph's College Gregory Terrace are all a short stroll away. All Hallows Catholic Girls' College is also nearby in Fortitude Valley.

Nearby is the Centenary swimming pool and gymnasium complex. The RNA Show grounds are just around the corner and Victoria Park golf course is only minutes away. Other handy facilities include convenience shopping, tennis courts and the Roma Street Parklands. St Andrews Private Hospital is a short distance away with the Royal Brisbane Hospital, The University of Queensland Medical School and the medical specialists of Wickham Terrace also within easy reach.

Some of Brisbane's most beautiful Churches and Cathedrals are within walking distance.


Truly unique offering
Value add potential
Great rental returns
Replica character properties
Two street frontage
205m2 block