173 Chatsworth Road Coorparoo, QLD 4151

Great Rental Return with Development upside
Welcome to 173 Chatsworth Road, Coorparoo. This exceptional property offers a unique opportunity for great rental return and comes with development potential in a prime location.

Situated on a generous land area of 850 sqm, this property is perfect for those looking to invest in the inner city fringe of Brisbane with a scope to develop in the future (STCA). Whether you're an investor or developer this property has endless potential.

The property is positioned at a sought-after location. With its convenient proximity to the city, you'll enjoy easy access to all the amenities and attractions that Coorparoo has to offer.

The property boasts an array of features that make it truly special. From its stunning architecture to the well-designed building, every detail has been carefully considered. It comprises 5 bedrooms (2,1,1,1- Units), the spacious living areas, including the kitchen and living room, provide ample space for entertaining and relaxation.

Property features :

• Block of 4 Self-contained freehold Flats/units
• 850m2 rectangular block In a Premium Suburb
• Holland Park State School and Cavendish Rd High School Catchments
• Suburbs median 4 bedroom house price is close to $1.5 Million
• Current vacancy rate of properties in suburb is 1.29%
• All flats feature spacious light filled layouts, well-proportioned living areas, practical gas kitchens, sizeable bedrooms and 2 stair access
• Block's size and zoning, may give you the possibility to develop or redevelop the property in the future, potentially increasing its value. Scope to buy neighbouring properties to expand development (STCA)
• Each flat has character elements, separate access, are secure for tenants and have under cover & off street parking
• Character features include colored stain glass windows, leadlight windows, decorative cornices, ceiling roses, French doors, 2.8 m high ceilings, hopper and casement windows, decorative fireplace in Unit 1
• Under the flats there is additional storage space and a communal laundry
• Compliant Smoke alarms throughout
• Separately metered for gas and electricity
• More than 60% owner occupiers in the suburb
• Suburb's predicted to have population growth to 18,000 people by 2025
• Existing building could be removed, no traditional building character overlay, STCA
• Assured strong capital growth, current Gross return @80,000 approx. pa

Location highlights :

• 4 Kilometers from Brisbane CBD
• 20 Kilometers from Airport
• 2 from Greenslopes Hospital
• 4 Kilometers to PA hospital
• 1.6 Kilometers to Coorparoo Square (Shopping and Retail)
• 2 Kilometers away from Pacific Motorway
• (Child Care-100 meters away) Good start Early Learning Centre
• Stirrat street Bus-stop 31, just outside the accommodation
• 2.2 Kilometers to Coorparoo Train station
• 3.8 Kilometers to Mount Gravatt Homemaker Centre (Bunnings, Food and Shopping)
• Holland Park State School (1.4 km's)and Cavendish Rd High School (2.1 Km's) School Catchments

Don't miss out on this incredible opportunity to secure a prime piece of land with a Block of units in Coorparoo, Brisbane. With its desirable location, spacious land area, and endless potential, this property is a true gem.

Contact Sid Arora on 0469831089 or sid.arora@raywhite.com to discuss further or get an IM for the site which covers additional information about this opportunity.