298 Harcourt Street, Teneriffe QLD 4005

Information Memorandum (IM) available - Text "IM298" to 0438 785 148.

Auction - 11am, 22nd April 2023 (On-site)

Developers, builders, and investors, welcome to 298 Harcourt Street, Teneriffe - Encompassing an amazing opportunity, spanned over a 718sqm block of land zoned LMR (2-3 storey mix) with endless possibilities.

Current Approved DA

* Two proposed lots

* Harcourt Street - 370sqm (16.23m x 22.81m)

* Small Street - 328sqm (16.23m x 20.19m )

* Harcourt Street to keep existing dwelling and convert to 3-bedroom QLD'er with driveway and car accommodation.

* Small Street vacant and flat block of land, ready to build an architectural masterpiece or sell immediately.


Current configuration of the existing dwelling

* Early 1900's QLD'er

* Original condition

* 3 individual 1-bedroom, 1-bathroom flats

* Unit 1 - Currently rented for $355 per week until May

* Unit 2 - Currently rented for $320 per week until April

* Unit 3 - Currently rented for $300 per week until May

* Total holding income $975 per week or $50,700 per annum


Further options to explore for the astute purchaser:

* Completely redesign, raise and renovate the current Queenslander, into a luxury three storey residence. (STCA)
* Build two luxurious freehold architectural homes, on the vacant Small Street block. (STCA)

Loved for its high walkability and village atmosphere, Teneriffe is surrounded by bustling cafés, bars, and restaurants, with shops nearby at Gasworks Plaza and Merthyr Village Shopping Centre. Cosmopolitan James Street, Jan Powers Farmers Markets, New Farm Park, Teneriffe River Walk, and public transport are all minutes away. The desirable address is also central to prestigious schooling options such as All Hallows' School, Brisbane Boys and Girls Grammar and Gregory Terrace.


Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Burton & Ryan Property Agents will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.