37 Latrobe Terrace, Paddington QLD 4064

Situated in the heart of Paddington's high street on the northern side of the Latrobe Terrace ridgeline, this circa 1903 character cottage is ripe for restoration.
Currently utilised as a retail space, there is an opportunity to acquire a commercial venture with a DA in place. Extend the existing footprint and add a contemporary extension to complement the existing character structure and take advantage of the ideal north-eastern aspect and city views.

Existing dwelling:
Currently configured for cottage retail use with an open 56m2 floor plan directly accessible from street level. Servicing the space, a well-appointed kitchenette and bathroom are located adjacent.
The premises are currently occupied by a short term tenancy with current market value indicating that the lease will provide a strong return. Vacant possession can be arranged with scope to utilize the space as your own business house.
The lower level comprises 68m2 utility height floor plan, an ideal art studio, storage for the upper level or scope to renovate into a more formal second tenancy.

Development Approval:
Architect designs illustrate an executive extension that connects the original dwelling via a flyover roof, enhancing the existing 3.2 metre ceilings to maximise the north-eastern aspect and abundance of natural light. Largely protected from the western sun by Enoggera Terrace hill and capturing afternoon sea breezes, the proposed plans will maximise the environmental benefits to enhance its overall functionality and aesthetic.
Spread over two levels, the entry floor includes a sophisticated primary suite overlooking the rear of the allotment, complete with walk-in robe, luxe ensuite and alfresco access. Two further queen sized bedrooms include built-in robes. Servicing the accommodation, a family bathroom includes a bath and inclusive toilet.
Spacious open plan living occupies the upper floor featuring a seamless alfresco connection to the rooftop garden. An expansive, well-appointed kitchen is located adjacent.
Designs include a semi-inground pool and alfresco area complemented by established, subtropical landscaping.
Situated in a desirable neighbourhood, this premier elevated allotment presents excellent exposure for an established retail or office space, demonstrating considerable potential for shrewd investors to extend the commercial floor plan and develop the residential aspect to maximise their return with the existing DA.

Located just 6 minutes from the CBD, with access to great transport infrastructure like the City Glider that passes every 10 minutes. Latrobe Terrace is a restaurant mecca with a selection of specialty shops and grocery. Café Bema, Sassafras and Marinara Trattoria restaurants are popular with the locals. Other local highlights include Suncorp Stadium and the PCYC within close proximity. Situated within the school catchments for Petrie Terrace State School & Kelvin Grove State College. Popular choices for private schools include Brisbane Grammar, Girl's Grammar, St Joseph's College (Terrace) & Marist College.

*** All references to use of premises are subject to compliance of relevant codes and council approvals. The responsibility falls with the purchaser to do their own due diligence on viability prior to making an offer ***
Inspect by appointment or contact Max Hadgelias 0411 276 372 for further information about submitting your interest.