16 Franklin Street
Highgate Hill, QLD 4101

Overview

Buy one, buy both

Held by the same family for over 35 years, 16 Franklin Street offers an exceptional investment opportunity and a versatile blank canvas for prospective buyers. This property presents multiple possibilities, whether you choose to maintain the existing flats with some enhancements or pursue further development to create your dream home.

The property comprises three well-maintained flats, each featuring two bedrooms, and collectively generating a rental income exceeding $70,000 per annum. The interiors are distinguished by polished hardwood floors throughout, adding a touch of classic elegance. There is also potential for captivating views of the Brisbane CBD from the rear of the property, should further development be undertaken.

• Prime investment opportunity in a blue-chip location
• Three two-bedroom flats currently tenanted, returning over $70,000 annually
• Versatile blank canvas with numerous development possibilities
• Potential for CBD views from the rear upon redevelopment
• Land area of 405 square meters
• Convenient walking distance to West End's Boundary Street
• Located within the West End State School catchment
• Within the Brisbane State High School catchment
• Brisbane CBD is less than 2 kilometers away

This property is situated in a highly sought-after lifestyle location, just moments from the vibrant West End's Boundary Street and West Village precinct, which includes Woolworths and Harris Farm Markets. It is also a short stroll to the South Bank Parklands and South Brisbane's renowned performing arts precinct.

The area is surrounded by some of Brisbane's premier primary and secondary schools, including West End State School, Brisbane State High, St Laurence's College, and Somerville House, making it an ideal location for families seeking quality education options.

Opportunities to acquire two adjacent properties in this coveted location are rare, making this an exceptional chance for investors or developers. Inspection is highly recommended to fully appreciate the potential on offer.

The property will be sold by public auction on-site on Saturday, 23rd May at 4:30 pm, unless sold prior.

Please note: As this property is being sold by auction, a price guide cannot be provided. Any price brackets displayed on the website are for functionality purposes only.

Location