Grand Qlder On 1026sqm Awaiting Renovation - Stunning City Views
167 Harcourt Street, New Farm
If it's serious capital growth you're after or an unparalleled lifestyle, this is the Australian dream.
There's a story waiting to unfold here; a new chapter that will soon begin. Sitting perfectly on a quarter of an acre of rare, New Farm gold, waiting in anticipation to be revived to her former glory, is this grand, old Qlder.
Some people can see an opportunity more clearly than others. I invite you to try. Peel back the layers of time and let your mind's eye see the potential renovation this house can be; the wide street frontage, generous central hallway, high ceilings, the huge proportions that align with today's family expectations, the city views on your doorstep, the beauty.
There's so much land for the kids to run around on; you could put in a swimming pool, a cricket pitch and a chook run if you wanted. And, for the adults, there's the playground called James Street, less than 200m away.
Many of these big old Qlder's started life as busy family homes and then were sub-divided in the Great Depression to provide much needed cheaper housing. Her history has born witness to great change, but the time has come for her renaissance.
There's an existing income here as the house on one title is currently ten rooms (one with an ensuite) and a large shed. All are medium term rental.
GROSS INCOME approx. $129,566
NET INCOME approx. $99,777
And, for those developers with other ideas, there's the potential to capitalise on the current DA for...
Lot/Plan No: 1/RP8983