28 Vine Street, Greenslopes QLD 4120

Well positioned in an exceptional lifestyle location, an opening to acquire this collection of five revenue generating flats on 810sqm epitomises a significant investment opportunity.

Investors looking to secure property in a high growth locale, currently with solid returns & with plenty of scope to renovate, to hold, split, or even redevelop - the options are endless (STCA).

Sitting on two separate lots, the allotment currently comprises of two levels of flats in a single dwelling, comprising 1 x three bedroom flat, 2 x two bedroom flats and 2 x one bedroom flats. All flats include a functional kitchen with good storage & space for meals area, spacious light filled living room, original condition central bathroom, & good-sized bedrooms. This brilliantly located block also features off street parking for 5 (3 undercover) cars & a spacious communal laundry.

The property is located within the low-medium density residential (2 or 3 storey mix) zone and the current dwelling can be removed (STCA) with a plethora of opportunities available:
- Split the site and accommodate a single house on each and build two dream homes with city views
- Sell one block and build on the other, or sell both blocks
- Development approval exists for townhomes
- Potential to construct a partial three storey apartment block, with scope for up to 10 x 2/3 bedroom units above a basement car parking arrangement (STCA)
- Hold and reap the current rental returns

Don't miss this opportunity to make you mark & capitalise on this great address within easy walking distance to public transport, the Stones Corner precinct restaurants, cafes and specialty shops and Greenslopes Mall. Close to public transport, schools, cafes, hospitals, and shopping, 28 Vine Street is brilliantly located.