Rare Duplex with endless possibilities in prime location
Offered to the market for the first time in almost 30 years, this is a rare opportunity to acquire not one, but two properties in the highly sought-after suburb of Holland Park. Set on a generous 599m2 corner block, this unique residence comes surrounded by greenery and comprises of 2 very well maintained properties that are always occupied and a very short walk to local schools, cafe's, restaurants, public transport and easy access to Griffith University and Garden City Shopping Centre.
Along with secure single car spaces for each unit, both of the residences present with polished timber floors and incorporate quiet alfresco areas and gardens, modern kitchens, recently renovated bathrooms, and substantial, light-filled living zones.
- Dwelling 1 consists of 2 bedrooms, 1 bathroom (renovated around a few years ago) modern kitchen and a large, private deck overlooking the garden. Rented for $370 per week
- Dwelling 2 consists of 3 bedrooms, 1 bathroom (also renovated a few years ago) modern kitchen as well as plenty of storage space. Polished timber floorboards and plenty of natural light throughout. Rented for $370 per week
There is opportunity here to increase rents with very little work and the block itself is situated in a prime location on the corner of Reuben Street & Harold Street. Private and quiet, this unique offering boasts fantastic capital growth, rental returns of almost $40,000 per annum, and minimal vacancy periods. There is also the opportunity to land bank, demolish or create your dream home (subject to council approval). Land value & capital growth is always growing in Holland Park and one can easily see why the suburb has remained in the Top 10 most popular suburb on the Southside of Brisbane for more than a decade.
28 Reuben Street is just 200 metres to the local park, and is situated in the school catchment zone for the ever popular Cavendish Road High School and nearby Holland Park Primary which are both within a short walking distance. Residents will also enjoy being located just a short stroll from Holland Park Park and Ride as well as shops, supermarkets, cafes and parks. Griffith University and Westfield Carindale are close by with the city just 9km away via the nearby Pacific Motorway.
With so many options and opportunities, this address won't last long on the market. Don't delay - enquire today!
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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