61 Lugg Street, Bardon QLD 4065

This versatile property commands a large 809m2 block in a family friendly location and offers opportunity for future development, while also delivering a healthy rental return.

Council zoning allows the property to be used for commercial/residential purposes and it currently accommodates a business, a private residence and a separate residential dwelling.
The main building is home to a long-term tenant - an architecture firm - and it is a traditional, character style property with a charming entry and timber floors.
It has been adapted to accommodate a thriving business and comprises seven workstations, an office, a conference room, kitchen and a bathroom.

An enclosed deck separates the office from the well-designed and private residential dwelling at the rear.
On the upper level is a large Master bedroom, with storage and an ensuite, plus a generously sized office.
Downstairs you will find the combined kitchen, dining and lounge which opens onto a rear deck.
A huge, enclosed multi-purpose area on the ground floor offers an abundance of storage and has also been used as a gym.

A short path across a central driveway leads to the second structure, comprising four separate bedsits. Unique and well designed, they each contain a bedroom, built-in storage and an ensuite and access to a separate communal undercover entertaining area.
These rooms are currently rented to long-term tenants, however in the past, this has been used to complement the main residence as accommodation for teenage children and guests.

The property also includes undercover parking for 9 vehicles and ample secure storage.
The opportunities provided by this property are many and varied.
It offers a comfortable residence, combined with a very generous rental return. You could continue to enjoy the property as it is, however there are a variety of options for redevelopment available under the current zoning (STCA)

The location is highly sought after, in a popular location that is a stroll from Ithaca Creek State primary school and a short drive to the conveniences and lifestyle of Paddington.

Organise your inspection today.