85 Hillside Terrace, St Lucia QLD 4067

Situated a short walk from the University of Queensland and several well-respected inner-west schools, this large, income-producing residence (Rental appraisal is $1400-$1500 per week) with multiple self-contained accommodation areas presents exceptional landbank rewards and exciting new residential design possibilities (STCA.) Positioned opposite the first green of St. Lucia Golf Links, the house's current form provides two larger, versatile multi-room dwellings and a smaller apartment, a shared outdoor entertaining deck with an inground pool and off-street parking for numerous cars. Explore the outstanding potential of this blue chip 1027m2 allotment, located less than 6km from the CBD.

Each apartment has an independent, secure entry, living and dining area, a full kitchen, bathroom and inbuilt wardrobes and storage cupboards, with most rooms enjoying split-system air-conditioning.

Reconfigured and augmented over the years to suit this multi-accommodation format, there remains the opportunity of returning and restoring the original residence to its former layout and look.

Instantly recognisable, the boxy façade's angular features and roofline, vertical cladding and banks of glass windows that spread across the front of the house are irresistibly mid-century. Within are polished timber floorboards and elevated ceiling highlights.

A more modern addition was added to further extend the total size of the dwelling, with this connected two-level structure offering large living and kitchen areas with exposed beam ceilings, an internal staircase and multiple bedrooms. The rear of the property has a northeast orientation, a private, shaded saltwater pool and covered outdoor living area, and raised veggie gardens.

With student accommodation so close to the university always in demand, the rental revenue will be a sound long-term investment strategy or a valuable income addition whilst you consider all new architectural design plans and construction options. Set into the hillside, a substantial, multi-level residence with an unimpeded golf course view is enticing.

This address presents the best of both worlds, with 5-minute walking convenience to buses headed into the city via Toowong, to Indooroopilly Shopping Centre or straight into the heart of the UQ campus. The local Hawken Village shops are a 2-minute drive away. Investors, students still at school or renting, university employees and city commuters will value the amenity of this outstanding location.

Positioned in the catchment for Ironside State School and Indooroopilly State High School, these schools as well as the private schools of St. Peters Lutheran College and Brisbane Boys' College are situated within approximately a 2–5-minute drive. A recreational activity-rich area, there are riverside bikeways, the sporting fields and facilities of UQ and both St. Lucia and Indooroopilly golf courses just a few minutes away.