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PRE MARKET OPPORTUNITY

Toowong Redevelopment Canvas: 696m2, 30 Metre Frontage, Elevated Position

7 Purkiss Street, Toowong

  • 3
  • 1
  • 2
  • 696 m2
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  • 7 Purkiss Street, Toowong

The vision is yours, the canvas is ready… rarely does a block like this come with this much scope in a tucked away pocket of Toowong! A tidy c1950s post war cottage sits on an elevated 696m2 block in a quiet no through lane, with a wide frontage and a north/east aspect to the rear. Hold it, renovate it, or clear it and build - developers, investors and owner builders will each see a different outcome here, and every one of them is worth running the numbers on.

Features Include:
• Elevated 696m2 property in a secluded no through lane
• Approximate 30 metre frontage with north/east to rear aspect
• Original c1950s post war cottage in tidy condition
• Scope to renovate and redevelop the existing home, demolish and build a large contemporary residence, or utilise the large frontage for multiple residences (all STCA)
• Invest as a long term hold with immediate income opportunity
• Combined living/dining area with timber floorboards to restore
• Practical kitchen with upright stove, meals bar and sizeable pantry
• Air conditioning in the main living area and master, generous bedrooms, bathroom with bath tub
• High set with multi-purpose lower level, second shower and toilet, carport and terraced garden
• Positioned in the Rainworth catchment, minutes to Stuartholme, and transport options are easy and central.

The existing cottage gives you options on day one. It's tidy and original, with timber floorboards waiting to be restored, a practical kitchen with a sizeable pantry, generous bedrooms and air conditioning in the main living area and master. An investor can hold it while plans take shape. A renovator can add value with a cosmetic update or an extension. The high set design adds multi-purpose space underneath, with a second shower and toilet.

The land is the main attraction. Roughly 30 metres of frontage is hard to find this close to the city, and the elevation and rear aspect suit a considered design, whether that's a group of townhouses or a single contemporary home that takes full advantage of the outlook. The terraced garden already steps down through the 696m2 block and could support an entertaining deck, a pool or landscaped courtyards. All development potential is subject to Council approval, and we encourage you to speak with your town planner and builder early.

Tucked away from the traffic yet close to everything, with Stuartholme School, bus stops and Mt Coot-tha Forest are all within walking distance, and Birdwood Terrace Park is almost on your doorstep. Toowong Village, The Bardon Shed and the cafes and restaurants of Rosalie are only minutes away. The CBD is under five kilometres from your door, with easy access to the Western Freeway. Indooroopilly State High School and Rainworth State School catchments apply.

Blocks with 30 metres of frontage, elevation and this much scope rarely come up in Toowong, and the buyers who see the potential first are the ones who secure it. Call Lucas on 0413 654 823 or Felicity on 0478 99 88 11 for more information or to inspect. Someone is going to turn this block into the best address in the street… why not you!

(Whilst all due diligence has been taken in the preparation of this document, there is no guarantee as to the accuracy of the information provided. It is recommended that purchasers conduct their own enquiries and searches prior to purchase. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.)

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