289 Moggill Road, Indooroopilly QLD 4068

Lifestyle - Refurbish or further develop these three large townhouse style flats custom built for the current owners in 1982. Located on an elevated and convenient access road adjacent to Moggill Rd, the flats are a short stroll to the expanding and dynamic retail centre, train station and city/university bus interchange. The three residences are on one title and provide an excellent opportunity for an investor to retain and refurbish, subdivide and sell as separate community title lots, or further develop to maximise site capacity. The choice is yours.

Features - The 706m2 parcel of land is zoned LMR with the existing dwellings located near the street frontage, allowing for exploration of additional development to the rear of the block. Each residence features a 2 car l-up up garage with convenient and secure internal access and off-street visitor parking for a further two vehicles.
The residences have been renting for $350 per week unfurnished with capacity to have returns increased significantly through refurbishment. A Memorandum of Information is available upon request.

Accommodation - Designed by IF Thomson & RY Adsett Architects, the three level residences are in original condition and require refurbishment. Each features 2 bedrooms, 2 bathrooms, a generous sized servery kitchen and large living area opening to private north-east facing courtyards. The quality design and configuration allows for modernisation to an above average standard without rigid restraints to avoid overcapitalisation.