29 Chasely Street, Auchenflower QLD 4066

"Fields on Chasely" is a sensational offering to the market, this unique Auchenflower property presents excellent investment and development potential.
Currently used as a boarding house, the residence features 15 bedrooms over three levels, with a kitchen, bathroom and outdoor space on each floor. Fully leased with returns of approximately $160,000 per annum, the property provides a spectacular opportunity to retain as an investment and continue generating high rental income in an in-demand area only 3.5km from the CBD.
Zoned High Density Residential (up to 15 storeys), there is also a chance to redevelop the 607sqm site and further capitalise on the elevated position and sweeping vistas across the suburbs and out to the CBD (STCA).
Located in a superb inner-city precinct, this property is across the street from Wesley Hospital and within easy walking distance of Auchenflower station, city bus stops, the CityCat and the riverwalk/bikeway. Offering excellent access to cafes, parkland, Toowong Village, UQ, premier schools, Suncorp Stadium and South Bank, this position is highly sought-after by executives, university students and families.
Property highlights:
- Unbeatable investment or development opportunity
- 15-bedroom boarding house on 607sqm with elevated views
- 3-storey residence with a kitchen and bathroom on each level
- Master bedroom with ensuite and balcony access (caretaker room)
- Currently fully leased (14 rooms) for approximately $160,000 per annum
- Potential to increase rents across the board
- Individual room rates range from $150 to $295 per week
- Managed by onsite caretaker (Room 13)
- High density residential zoning (up to 15 storeys)
- Adjacent the Wesley Hospital and 3.5km to the CBD
- Walking distance to bus, train, ferry and riverwalk/bikeway

Please contact me for further information and inspections will be by appointment only. This property is presented in conjunction with Ray White Sherwood.