A rare mixed-use commercial and residential site, this versatile property rests on a high-exposure 408sqm lot, providing the perfect position for business owners or investors.

Featuring residential accommodation downstairs and business space upstairs, this high-income-producing asset presents an opportunity to lease, occupy, or convert to dual living.

The upper level is currently utilised as a commercial business space with three rooms, one bathroom, a living area and a kitchen, charging $450 per square metre with approximate returns of $36,000 per annum.

The lower level provides three bedrooms, one bathroom, a living area and a kitchen. With the ability to rent the entire floor or utilise as rooming accommodation, this level can generate returns of approximately $1200 per week and charges $300 per room.

Property features:
– Mixed-use commercial and residential site on 408sqm
– High-exposure position on Old Cleveland Road
– 220m to the Eastern Busway station
– 290m to Stones Corner Village precinct
– 1.3km to Coorparoo Square

Upstairs:
– Business space that can be rented for $450 per square metre
– Approximate returns of $36,000 per annum + outgoings + GST
– 3 rooms, 1 bathroom, living and kitchen

Downstairs:
– Potential rental returns of $1200 per week
– Currently charging $300 per room per week
– 3 bedrooms, 1 bathroom, living and kitchen
– 2-car undercover accommodation

This site offers exceptional convenience in a superb position only 10 minutes from the CBD. The Eastern Busway is 220m away, and you can walk to nearby Stones Corner Village, Coorparoo Square, Easts Leagues Club, parks, and bike paths. Villanova College is 700m away, children are in the Buranda State School catchment, and you have excellent access to Griffith University, Greenslopes Private Hospital, PA Hospital, and Pacific Motorway.

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Torres Property will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.