59 Longlands Street

East Brisbane QLD 4169

This home would be ideal for someone wanting to land bank and rent it for the income before you develop it. It's an ideal site to design for the maximum zoning with the Council apparently being very supportive of Low to Medium Density LMR2 2- 3 Story Inner City development to assist with the current housing crisis. Alternatively, someone may just want to renovate, lift it or design a few luxury homes in this superb location.

Invest in East Brisbane and secure in a suburb that truly delivers. Just 3km from the CBD, with easy access to Brisbane Airport. This inner-city location is experiencing phenomenal redevelopment with the Gabba precinct getting set for the 2032 Olympic Games...including the soon to be completed Cross River Rail.

Upper Level:

The home currently consists of a large open plan living space and neat kitchen. There is three oversized bedrooms (one with a walk-in robe) separate sunroom, one bathroom and a large sun filled, private and leafy entertaining deck. What will knock your socks off is the towering ceiling heights and magnificent polished timber floorboards.

Lower Level:

While the property is well-maintained, downstairs presents ample opportunity for future updates- it's not currently legal height but has been built in to create an entire second level of space to spread out. There is a large timber kitchen with dining, huge lounge and rumpus, two bedrooms sized storage rooms, another full bathroom, laundry and covered entertaining area.

The flat backyard is fully fenced and has a double car port, garden shed and ample room for extra car parking or storage given the side access and good turning circle.

Location:

A short stroll away is the mighty Gabba, South City Square (with its restaurants, Woolworths and cinema) and all of Woolloongabba's exciting dining and entertainment venues. It is also very close to the plethora of East Brisbane's finest coffee shops, cafes and micro-breweries with public transport is just a couple of hundred metres away, on Deshon Street and Stanley Street or 1.8km to the Mowbray Park ferry terminal. There are major infrastructure projects on the go nearby with the Cross River Rail, proposed Creek-to-Cliff corridor and Kingfisher Creek corridor draft concept plan project driving a multi-million-dollar transformation of the neighbourhood. This is a once in a lifetime opportunity to capitalise on the area's mounting growth trajectory which will be near the centre of the upcoming 2032 Olympics excitement.

Water & Sewerage $260per QTR
Council Rates $630per QTR
Expected rental return of $850- $900 per week

Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement. The Agent declares an interest in this home.