24 Latrobe Terrace

Paddington QLD 4064

At street level are three superior commercial tenancies that have walk-in street access across an expansive outdoor deck currently occupied by a thriving outdoor caf and an established wellbeing centre plus an option to work from home or office/retail space for more tenants.

Each commercial tenancy has its own self-contained facilities and the wellbeing centre boasts a full-sized kitchen and two bathrooms.

The entire property has rare original timber polished floors and offers character filled high ceilings giving a feeling of spaciousness with a light airy style. There are five off-street carparks and the property has 20m prime commercial street frontage.

The residence is light and open with cedar tri-fold doors and a glass wall of windows that opens onto a sheltered private outdoor deck. Timber steps lead to a leafy courtyard and the adjoining 10m indoor salt-water swimming pool, large enough for laps.

Character features include VJ walls, polished original timber floors, character banisters and cedar trims on windows and doors. The kitchen is newly appointed with ample soft-close drawers, glass splashbacks and a stone benchtop with breakfast bar. Three large airconditioned bedrooms two of which adjoin the deck all with glass fronted floor to ceiling built-in robes. The master bedroom has a walk-through dressing room and the adjoining ensuite is contemporary stone floor to ceiling tiles with a shower with full-sized bath. A set of timber louvred French doors complete the outdoor feel and links directly to the outdoor deck, courtyard and pool area.

Investors can satisfy a solid investment with multiple tenancies providing plenty of options and ample future returns. This street level property offers an expansive deck with outdoor dining caf and an established wellness centre. There is also a large office/shop area for more tenancy options.

Commercial areas have their own self-contained facilities including kitchenette, bathroom and air-conditioning, as well as a large commercial kitchen in the caf. The wellness centre has five (5) consulting rooms, two bathrooms and a full kitchen which can also be offered as one (1) additional residence and one (1) commercial tenancy. With high ceilings, ornate picture rails and rare original 15cm (5") polished timber floors the property maintains its unique character feel. Each tenancy is accessed by polished timber French doors with two separated gated entrances from street level. With a 20m frontage the property hosts plenty of space for on-street signage.

The entire package rests on 810m2 of land.

An unbeatable opportunity matched only by its unbeatable location set in the heart of a thriving caf, restaurant, boutique shopping precinct.

Current Commercial Tenancies:
Cafe - $36,000 pa
Wellbeing Centre - $40,000 pa
Recent Vacancy - $40,000 pa (projected)

Current Residential Tenancy:
Residential - $44,200 pa (until Aug 2022)

Property:

- Paddington precinct character building with original features
- 20 m street frontage on Latrobe Terrace
- Excellent street and building visibility
- Land area 810m2
- Three commercial tenancies
- One (or option for two) residential tenancies with separate access.
- Five off-street car parks
- Gas appliances and hot water
- Separate electric hot water in Caf
- 6.6kw solar system connected to residence
- Separately metred electricity
- 10m salt-water inground pool
- 3 large bedroom residence with ensuite and laundry
- Walk-through dressing area
- Floor to ceiling robes in bedrooms
- Ample storage
- Airconditioned throughout
- Inner city precinct living or investment

If you are looking for a stand-alone private residential / shop / retail / caf / wellbeing property in Brisbane, make your dream a reality. This is a very rare offering and a once in a lifetime opportunity.

With Brisbane hosting the Olympics in 2032 this property's value can only increase.