Inspections By Appointment

Formerly run as a highly profitable centrally located Student Accommodation facility, South Bank Villas comprises two two-level terrace houses and a workers cottage fronting Vulture Street with a brick and concrete amenities building to the rear.

Located a stone’s throw from South Bank Parklands, Mater Hospital and various South Brisbane educational facilities, the complex presents a multitude of opportunities to keen investors and owner occupiers alike.

Past gross income returns have exceeded $190,000.00 PA

The four separate free standing properties on two titles on a total of 1204sqm of blue-chip inner city residential land. The facility could be transformed into a large family housing compound, or the site maximized with an additional unit development. The existing two terraces houses and cottage could be renovated to create three perfectly positioned inner city homes?

With its prime location, there is also scope for an imaginative commercial use. Situated 500 meters to Brisbane State High School, Somerville House and St Laurence’s, the position is exceptional. Last time offered for sale 21 years ago, the property has served the current owners extremely well however lifestyle changes mean there is now a unique opportunity for another astute property buyer to take the helm.

Inspections By Appointment - Please contact the Agents.