395-397 Annerley Road, Annerley, QLD, 4103, Australia

This grand Federation period residence with panoramic outlook, is solidly built to steadfastly stand the test of time. Currently separated into 3 flats providing an income of $1,040 per week.
A creative investor or owner occupier will anticipate the multiple opportunities this property delivers; some options include - convert the units back into one magnificent residence or renovate the existing flats into short-stay medical accommodation, due to the location being in close proximity to 3 hospitals – Princess Alexandra, Mater and Greenslopes Private Hospitals. The huge vacant land to the rear of the block could be developed to build a second dwelling, townhouses or a unit block (subject to council approval).
Built in the early 1900’s, the heritage home offers beautiful character features including soaring ceilings, original fireplace, fretwork arches, concealed timber flooring, French doors and a front entry porch showcasing the magnificent street appeal.
UNIT 1 - 2 Bedroom / 1 Bathroom / 2 Car.
UNIT 2 - 2 Bedroom / 1 Bathroom / 2 Car + Study Nook and multipurpose space, ideal for a walk-in robe or study.
UNIT 3 - 1 Bedroom / 1 Bathroom.
FEATURES INCLUDE –

- Zoned Low-Medium Residential 2
- Huge, cleared rear block, a blank canvas for development (STCA).
- 27.7m wide frontage to Annerley Road (approx.)
- 6m wide side access to rear of the block (approx.)
- Only 3km from Brisbane CBD.
- Elevated treetop views and suburban outlook.
- Communal laundry and storage space on the lower level.
- 28.5m2 covered entertaining patio for shared use.
- Perfectly level, expansive and fenced lawn accompanying the residence with multiple clothes drying lines.
- 2 separate carports (one side-by-side and the other tandem)
- Current gross rental income per annum - $54,080
LOCATION FEATURES
- 750m to PA Hospital, 1.5km to Greenslopes Private Hospital and 2.5km to Mater Hospital
- Transport options – steps to bus stops taking you to the CBD and less than 500m to Fairfield Train Station which is currently undergoing a major rebuild as part of the Cross River Rail Project.

- 2.5km to The Gabba Stadium, home to cricket and AFL events, and proposed 2032 Olympic Venue to host athletics, and the opening and closing ceremonies.
- 500m to major supermarkets, restaurants, shops, and cafes.
- 250m to Junction Hotel’s restaurant and bar, and recently lodged development plans for improvements.
- Easy access to the M3 Pacific Highway, to the Gold Coast.
- Convenient to The University of Queensland, St Lucia Campus (UQ) via the green bridge.

School Catchments – Junction Park State School, Yeronga State High School, and the new state-of-the-art Brisbane South State Secondary College.