31 Kitchener Street, Coorparoo QLD 4151

Auction Location: In rooms - 326 Old Cleveland Road, Coorparoo.

If you're seeking guaranteed, immediate high returns, fantastic long-term growth and future development potential look no further! This original weatherboard seven bedroom, six bathroom house has so many options. Perfect as it is for dual living, separate into 2 flats (STCA), renovate or demolish and build your perfect home.

Previously rented out as individual rooms the property is achieving $200 per week for each ensuited bedroom (5) and $145 per week for each room with shared bathroom (2) making the total annual income of $67,000 per year less expenses.

Upstairs presents with a fresh and appealing layout with character VJ's and hardwood timber floors. It includes a front patio with city views , bright and airy lounge room with good storage and a designer kitchen fully equipped with Caesar stone benches and decent appliances. There are three bedrooms with ensuites, air conditioning and built-in robes.

Downstairs is fully tiled and comprises of two ensuited bedrooms, plus an additional two bedrooms utilising a shared bathroom. It has a big kitchen facility with ample cabinetry, breakfast bar & dishwasher. There's a spacious light-filled living area that opens onto the dedicated front porch and entry.

As locations go, Coorparoo has long held a prestigious position in Brisbane, being only a 5kms to the city centre, within 20 minutes to the Bayside and positioned for quick access to main roads and motorways.

Nestled just one block from Old Cleveland Road, this property is within walking distance to major amenities including Coorparoo Square, Woolworths village shopping centre, medical practice, restaurants and cafes. A few minutes' walk to city bus stops & train station. It's also close to Coorparoo State Primary and High school and Villanova College and only 3km to the 2032 Olympic Games sports complex with the opening and closing ceremonies.

Definitely a potential plus home with all the living space for the large families who are looking for dual living or smart investors who are expecting a fabulous rental return and superb land banking for future development.

Not to be missed, with so many options a chance like this doesn't not come up often in the heart of Coorparoo! Be quick to inspect!