40 West King St, Southport QLD 4215

VENDOR MUST LIQUIDATE: Offering a prime city location in a quiet residential street with no commercial, this is a fabulous opportunity for the investor or renovator who can recognise pure potential at a bargain price.

With numerous possibilities including ‘up’ or ‘out’ (subject to council approval) you have the potential for city views but also for an impressive family residence with plenty of room to move. Combining a brick and concrete construction this is a solid beauty requiring a serious makeover. The lower level rumpus area will satisfy many uses and adds a point of difference to this home.

Our seller’s are realistic and so this is definitely priced to sell in ‘this market’.

PROPERTY HIGHLIGHTS
• North-East facing block
• Solid Brick and concrete construction with fibro roof
• Built circa 1960s

UPPER LEVEL
• 3 bedrooms on upper level
• 1 bathroom on upper level
• Open plan living and dining with A/C
• Functional kitchen with access to rear balcony
• Front lawn fully fenced with Southport City view

LOWER LEVEL
• Rumpus / playroom with Kitchenette
• Bathroom with separate toilet
• Two additional rumpus areas (currently used as a gym)
• Built-in-sauna (requires repair to function again)
• Laundry
• Detached Double Car Garage / Storage
• Side access
• Fenced back yard with ample useable space for pool/play area

*Note that the lower level ceiling height does not meet building standards for a habitable room.

Currently rented for $400pw (potential for more), vacant possession is provided on settlement. Else, the tenants will stay on short term if arranged.

Walking distance to parks, shops and schools (Southport High or St Hildas) this is an excellent location offering easy access to the Hospitals, M1, CBD, new light rail and the Broadwater.
Southport is a sought-after suburb and this is your entry level opportunity to secure a suburb address that will no doubt see growth in years to come.

Offers invited prior to auction.