88 Gailey Rd, St Lucia QLD

It's not every day we get the chance to offer such a unique property.
A brick, 3 bedroom house in St Lucia on a 597 sqm corner block with a detached shop facing Gailey Road. Work from home... lease the shop and
pay off your mortgage or develop the site! Our sellers hold plans for
3 townhouses (DA now expired). Recent local sales show strong demand
for new homes in the area if you're in the building game.

The location here is truly enviable. You are on the bus route direct
to the city, 900m to the Guyatt Park City Cat, 900m walk to Toowong
Village and Train and for every convenience you could possibly need,
the Gailey Five Ways Convenience centre is just 400m up the street.
Feeling like some exercise? You are also facing popular Jack Cook
Park. For those needing direct access to the University of Queensland,
the bus also takes you from your front door to the uni in minutes.

The shop front was originally known as Kia Ora Tea House in the early
1900's in St Lucia. Most recently, it has been The Mini Boutique a
much loved business specialising in children's goods. The adjoining 3
bedroom house needs a little TLC but is solid, low maintenance and
very popular with students. The house alone is currently returning
$440p/w. The shop is now vacant however, was returning $200p/w. What a
fantastic opportunity to secure the whole site with strong income and
the option of future development.

Additional Information:

Bus stop out the front

Double income property

Great potential as a development site

Previous D.A. (now expired) Architecture drawings available

597sqm corner block

This is a truly unique opportunity for the astute buyer to secure
something with massive future gains potential. Our sellers are seeking
a tidy transaction to press on with other plans of their own. First in
best dressed!