53 Gloucester Street, Highgate Hill QLD 4101

Renovate & Profit. Situated in the unrivaled position of Highgate Hill and coming to market for the first time in 36 years, this prime opportunity is convenient to great local amenities and infrastructure. The existing dwelling is in original condition and requires a significant investment to reach its full potential. Explore opportunities to capitalise on the huge potential of this 404m2 urban allotment.

The existing dwelling is in original condition and is currently leased for $445.00 per week.
Featuring separate lounge and dining rooms, the kitchen includes a freestanding gas upright stove. One bedroom is serviced by a functional bathroom featuring a shower over bath and inclusive toilet.

Additional features include:
• Downstairs laundry with additional open storage
• Detached garden shed
• Gas hot water

With demonstrated income potential and huge scope for further return on investment with a cash injection to enhance the dwellings livability. This property will attract the attention of developers and astute investors.

Located just 2 kilometres from the CBD, within walking distance to Southbank Hospital precinct, Mater Hospital, Queensland Children's Hospital and Princess Alexandra Hospital. The South Brisbane Train Station is a convenient transport option. The Little Green Room Cafe and the Red Brick Hotel are popular with the locals. Other local highlights include the Greek Club, Kangaroo Point Cliffs & Botanic Gardens.

Within the school catchment for Dutton Park State School, Brisbane State High School and walking distance to TAFE Campus & QLD College of Art. Popular choices for private schools include Somerville House & St Laurence's College.

Inspect by appointment or contact Max Hadgelias 0411 276 372 for further information about submitting your interest.

**Any reference to development is general in nature and is subject to relevant council approvals. It is the responsibility of prospective buyers to make their own enquiries and seek professional advice prior to engaging in any negotiations. **