74 Merthyr Road, New Farm QLD 4005

AUCTION 26th September. IT MUST BE SOLD TO FINALISE THE ESTATE. This is your opportunity to secure your own slice of New Farm in an enviable location in the heart of Merthyr Rd cafe/shopping precinct and just two streets from iconic New Farm Park. Suitable for savvy investors, those looking for a great project to add value, those interested in land banking, those looking for a home close to everything.

This is a rare offering indeed and all on one title. A two-story pre-war brick property divided into four separate two bedroom, one bathroom flats (individually metered) on a corner 521 square metre parcel of land. Character features including 2.7+ metre ornate ceilings, picture rails and internal solid brick walls. Total under roof area of approximately 300 sqm.

This property is Zoned LMR2 and preliminary Town Planning advice indicates that this property can be converted into one home and/or has the potential to be expanded at the rear of the property; either extra units or to enlarge the existing units (subject to BCC approval). Another possibility is to turn the property into your home and operate a home-based business. The options are endless, however what doesn't change is the superb location of this property.

Long standing NEW FARM locals have said that there was no river flood water through this property in 2011 and 1974.

Rental appraisal of each flat is $330-$350 p.w. (total for the complex of $1,320 - $1,400 p.w.).

If the scheduled open home times do not suit you please call Jeff on 0432 00 33 55 to arrange your own private inspection.

This property will be sold at auction on-site this Saturday 26th September 2020 at 9:30 a.m.

Other points of note include:

* City glimpses
* NBN available for connection
* Off-street parking on the block for at least four cars
* Room for a boat
* Bus and New Farm CityCat within easy walking distance
* BCC Rates per quarter = $1,858.74