24 Latrobe Terrace, Paddington, QLD, 4064, Australia

This is an outstanding property on highly desirable Latrobe Terrace, Paddington. A once in a lifetime opportunity to secure a residential and multi-commercial tenancy property to live in with an income, or as an investment with solid returns. Only 2.4km from the CBD it boasts expansive characters views from the apartment, cool refreshing breezes from the street level deck and has Suncorp Stadium only a short walk away.

Are you dreaming of working from home and running a business in an upmarket inner-city precinct or looking for a solid investment property in a prime location? This property offers both options on a desirable retail street and an attractive character filled building with street appeal in keeping with the unique Paddington dining and shopping precinct.

At street level are three superior commercial tenancies that have walk-in street access across an expansive outdoor deck currently occupied by a thriving outdoor café plus an established wellbeing center. All this and the option to work from home or office/retail space for more tenants.

Each commercial tenancy has its own self-contained facilities and the wellbeing centre boasts a full-sized kitchen and two bathrooms.

The entire property has rare original 10cm (5") timber polished floors and offers character filled high ceilings providing a feeling of spaciousness and a light open style. There are five (5) off-street carparks with a 20m street frontage.

The residence is light and open with two large cedar tri-fold doors and a glass wall of windows that opens onto a sheltered private outdoor deck with views of the picturesque valley and to Mt Cootha. Timber steps lead to a leafy courtyard and an adjoining 10m indoor salt-water swimming pool, large enough for laps.

Character features include VJ walls, polished original timber floors, character banisters and cedar trims on windows and doors. The kitchen is newly appointed with gas appliances and ample soft-close drawers, glass splashbacks, loads of storage and stone benchtops with a breakfast bar. Three large airconditioned bedrooms lead onto a deck with glass fronted floor to ceiling built-in robes. The master bedroom has a walk-through dressing area and the adjoining ensuite is a tiled floor to ceiling in contemporary stone with shower and full-sized bath. A set of timber louvred French doors complete the indoor-outdoor feel and links directly to the deck, courtyard and pool area.

Investors can satisfy a solid investment with multiple tenancies providing plenty of options and ample future returns. This street level property offers an expansive deck with outdoor dining café and an established wellness centre. There is also a large office/shop area for more tenancy options.

Commercial areas have their own self-contained facilities including kitchenette, bathroom and air-conditioning, as well as a large commercial kitchen in the café. The wellness centre has five (5) consulting rooms, two bathrooms and a full kitchen that can also be offered as one (1) additional residence and one (1) commercial tenancy. With high ceilings, ornate picture rails and rare original 15cm (5") polished timber floors the property maintains its unique character feel. Each tenancy is accessed by polished timber French doors with two separated gated entrances from street level. With a 20m frontage the property hosts excellent opportunities for on-street signage.

The entire package rests on 810m2 of land.

Features

Residence:
* Privacy in the heart of the Paddington precinct
* A light filled glass fronted living area with tri-fold timber doors opening onto a spacious deck
* 3 large bedrooms with floor to ceiling mirrored robes
* A contemporary floor to ceiling stone tiled ensuite with full sized bath
* Main has walk through robe with floor to ceiling mirrored doors
* Main bathroom has a shower and separate toilet
* Laundry area
* Contemporary stone topped kitchen with glass splash back and soft close drawers with large pantry and breakfast bar
* Gas appliances and showers
* Extra storage room under and in parking area
* Expansive views of the character filled Paddington area to Mt Cootha.
* Separate residence entrance
* Two dedicated parking spaces
* 10m salt-water inground pool and courtyard with composite long lasting deck
* 6.6Kw solar system with Fronius inverter

Commercial:

* Three separate tenancies -thriving café, wellbeing centre and further shop/retail option at street level.
* Prominent character building with internal VJ walls, timber polished floors and traditional high ceilings
* Large commercial kitchen in café operating 7 days breakfast and lunch only.
* Five (5) consultations rooms in Wellbeing Centre, plus full-sized kitchen and separate large bathroom and a shower room.
* Four plus one large showroom in third tenancy with natural light, character features including two internal French doors and a French door entry. Dual window display areas facing café and deck
* Two street entries
* Airconditioned throughout
* One (or option for two) contemporary residential apartments with separate entrances, one with pool and courtyard and total privacy
* 20m of prime street frontage signage
* Close to transport, entertainment, CBD, café, dining and shopping precinct
* 5 off-street carparks
* Ample storage

An unbeatable opportunity matched only by its unbeatable location set in the heart of a thriving café, restaurant, boutique shopping precinct.

With Brisbane hosting the Olympics in 2032 the property value can only increase, plus you may never have to drive again.