17 Coventry Street, Hawthorne QLD 4171

Earning potential up to approx. $110,000 per annum.

Seven minutes from Brisbane's CBD, and a short walk from the river, is this 809sq m single title property held by the same owner for almost 25 years. Zoned low-medium residential (two or three storey mix), and occupied by a post-war brick complex of five flats configured as three one-bedroom, one-bathroom and two two-bedroom, one-bathroom. While each has a car space, and two flats have been renovated, the heart of the story lies in the single title, land size, location and opportunity for buyers with even the slightest of real estate ambitions.

* Flood-free 809sq m land occupied by a brick complex of flats, single title
* Prestigious residential location only seven minutes from Brisbane's CBD
* Development zone low-medium density residential (two or three storey mix)
* Three one-bedroom, one-bathroom and two two-bedroom, one-bathroom flats
* Each flat has its own car space; two of the units have been recently renovated
* Minutes from Brisbane's leading schools including Churchie and Lourdes Hill
* Close to public transport including a CityCat, Oxford Street and the Gabba

Rates: approx. $2,360 per quarter
Insurance: approx. $2,150 per annum
Urban Utilities: approx. $1,388 per quarter