Property Details: • Type: House
• Bedrooms: 7 • Bathrooms: 5
Description: Nestled in one of Hamilton's most prestigious locations, 17 Arran Avenue offers a rare and exceptional opportunity for savvy investors, developers, or those looking to create their dream home. Set on a generous 1,313m² block, this elevated property holds endless potential, whether you're looking to secure a steady income stream, develop a luxury home, or capitalise on redevelopment opportunities. Key Features: Land Size: 1,313m², spanning two titles with 21m street frontage and 77m depth Current Setup: A three-level brick apartment building with 5 units-4 x 1-bedroom apartments and 1 x spacious 3-bedroom apartment on the top floor with stunning Brisbane River views Income Potential: Currently generating an impressive annual rental income split between residential rental and air bnb (unit 5 currently owner occupied). The residential estimate is from $124,000-140,000 pa, however the current set up reflects higher yields as short term accommodation. Either option provides immediate return. Architectural Plans Available: Take advantage of existing plans from BASE Architecture, or customise your vision for a luxurious home or redevelopment project Investment and Redevelopment Options: This property offers a wealth of possibilities: Renovate and Boost Returns: With minimal effort, you could renovate the existing units to increase rental yield, or convert the structure into a grand three-level home with river views, adding significant value Redevelop and Subdivide: The large land size provides an exciting opportunity to subdivide into two residential lots or redevelop into multiple luxury homes or terrace-style units, capitalising on the demand for high-end properties in this vibrant area Demolish and Build: Create one or two high-end residences that would become landmarks in this sought-after street, surrounded by ultra-exclusive properties. Prime Location: Situated in a peaceful cul-de-sac just 280m from the Lores Bonney Riverwalk, this property offers easy access to outdoor activities like walking, running, and cycling, all while enjoying the picturesque riverside. In addition, it's located within moments of Racecourse Road, providing excellent dining options, and is close to parks, cafes, and reputable schools such as St Margaret's Anglican Girls School and Aviation High. The Brisbane Airport is also nearby, and the area is well-served by bus and ferry services, while Kingsford Smith Drive offers quick access to the CBD. With its prime location, substantial land size, and versatile development potential, this property is a perfect choice for investors looking for immediate returns or those with a vision for long-term growth. Whether you choose to hold, renovate, or redevelop, 17 Arran Avenue presents a rare opportunity in one of Brisbane's most desirable suburbs. Don't miss out on this exceptional investment or development opportunity. Contact Tim Davis today to arrange a private inspection or discuss how this property can work for you. DISCLAIMER: Whilst all care has been taken to ensure that the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, we recommend that all interested parties should make their own enquiries and due diligence to verify the information. Any personal information provided to Cameron Crouch Property T/As Ray White Sherwood, will come under the terms set out in our Privacy Policy, which can be found here for your convenience: https://www.raywhite.com/privacy.
