15/22-26 Carr Street ST LUCIA QLD 4067
$440,000

DESCRIPTION

WHY NOT SECURE YOUR CHILD'S FUTURE LODGINGS...

ARCHITECTURALLY AHEAD OF ITS TIME

This building was the talk of St Lucia in the 1980's and even now is superior to modern apartments given its location and size.

THE BUILDING
• Solid as a rock
• Extra-large floor area - 84.3M2
• Ensuite
• Single lock up garage + storage space

LOCATION
1. You cannot get any closer to UQ with all of its sporting facilities, Olympic pool, tennis courts, athletics, football ovals etc.
2. St Lucia is one of Brisbane's premier suburbs and is connected via the City Cat along the Brisbane river to Toowong and Milton terminals directly to the CBD.
3. The Western Suburbs, collectively offers one of the highest levels of income, education, security and general living standard than most other Brisbane suburbs. Education is probably the single most important driver of property values in the Brisbane's Western Suburbs.

THE RETURN ON CAPITAL
Rent - $425 p.w - As is.
Rent - $500 p.w - Retrofit kitchen, bathrooms and painting

THE CAPITAL APPRECIATION
Dependant on property cycle upswing.
Given the abnormally large land size (3,834m2) and obsolute PRIME location the potential for high rise development in the long term (10-12 years) is enormous.
THE BUYER
1. Parents looking towards children's future education.
2. Academics, adult undergraduates, graduates, University employees,
3. Savy investors etc.

INSPECTIONS
Call: Gary Unsworth-Smith on Reveal Phone; or
Merv Smith on Reveal Phone