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Future Development Potential in Strong Local Market

199 Vulture Street, SOUTH BRISBANE QLD, 4101

Sold

Property Sold in 199 Vulture Street, SOUTH BRISBANE QLD, 4101

McGees Property Brisbane

Level 5, 410 Queens Street, Brisbane, QLD 4000

Listing ID:
11385516
Status:
Sold
Last Updated:
29/06/2020
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Property Type

Land/Development/Other
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Land Area

668 SQM
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Floor Area

326 SQM
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Parking

N/A

Future Development Potential in Strong Local Market

Located within one of Brisbane's most accessible inner-city precincts the property benefits from its close proximity to Brisbane State High School, public transport and amenities. Requiring some work, the property currently offers the following fundamentals.

o 668m2* regular shape land holding
o 2 level building consisting of 4 apartments
- 1 x 3 bedroom
- 2 x 1 bedroom
- 1 x 2 bedroom
o Located in Brisbane State High School Catchment
o 18.7m2* frontage to Vulture Street
o LMR 2 Low – Medium Density Residential (2 or 3 Storey mix) Zone
o Outgoings: $17,507.00* per annum
o Current and potential income streams
o Future development potential in strong local market (subject to council approval)

South Brisbane resident's enjoy the desirable lifestyle that comes with living in the heart of one of Brisbane's most vibrant suburbs. Bordering West End, Southbank and Woolloongabba it is just a short stroll from Schools, Hospitals, cafes, dining, river walks, Little Gray Street and Brisbane's CBD.

This is an outstanding opportunity for the shrewd and discerning buyer to purchase this unique property as an investment or an owner-occupier, positioned just under 2km* from the CBD of Brisbane.

Under instructions from Morton + Lee Insolvency as statutory trustees. For more details contact Exclusive Agents Nina Bailey and Gavin Moore

*approximately

For more details, please email agent


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McGees Property Brisbane

Level 5, 410 Queens Street, Brisbane, QLD 4000


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