31 Rigby Street, Annerley QLD 4103

Positioned in a quiet street surrounded by lovely homes, this 635m2 block presents a unique opportunity to secure future potential, strong holding income and a piece of the rapidly moving Annerley property market.

Currently featuring 2 flats, 1 x 2bed 1bath 1car, 1 x 1bed 1bath 1car with a potential rental return of $500-$530 per week however scope to add value and increase the returns.

With the home under demolition control the opportunity exists to utilise the 635m2 block (15mx40.2m) to build units or townhouses at the rear (STCA) whilst raising and renovating the existing home to maximise the return and potential.

With Annerley on the move and increasing in popularity for its growing cafe culture, exceptional public transport and infrastructure as well as a myriad of parks and recreational facilities whether it be to develop immediately or land bank for the future this home presents a wonderful opportunity.