2 Wellington Street, Lutwyche
Exciting potential for a dream home in prestigious Teneriffe.
Positioned in a coveted elevated position in the prestigious suburb of Teneriffe, this character-filled home has so much potential.
It's becoming increasingly difficult to find homes of this calibre ripe for development on Kingsholme Street and Teneriffe. This beautiful home boasts a sought-after northeast aspect perfect for the morning sun with expansive views over Teneriffe through to Hawthorne Hill.
Inside the home, beautiful breezes and character features abound with polished timber floors, high decorative ceilings, abundant timber casement windows and embellished French doors. The home is highly liveable with two living areas, front and highly usable rear yards, and a multi-purpose front room with beautiful views currently utilised as a study off the master bedroom.
On the upper floor is the stunning modern kitchen with an electric wall oven, a 5-burner gas cooktop and a centre island/breakfast bar. The bedrooms are substantial, with two boasting bay windows. There is an original bathroom and a separate toilet.
Even without the apparent potential for this property to be converted into an extraordinary residence, you cannot look past the value of owning this premium allotment in a prestige street in one of Brisbane's premiere inner city suburbs. A smart land banker will see the value in this investment opportunity, particularly with rents in Teneriffe rising to all-time highs and the average block size becoming smaller yearly.
This wonderful home will also appeal to those wanting to enter the prestigious Teneriffe market with plans to build their family home.
Teneriffe is one of Brisbane's best areas for inner city living, with numerous bars and restaurants on your doorstep. It is only a 10-minute stroll to the James Street precinct, including the Calile Hotel, which was recently voted number twelve among the world's best hotels.
It is a 7-minute walk to the Brisbane Riverwalk, while New Farm Park and Merthyr Village are also an easy 15-minute walk. The property is 2.5 km to the Brisbane CBD and walking distance to the bustling Howard Smith Wharves riverside entertainment precinct. Within close proximity to New Farm State School and Holy Spirit Catholic Primary School, while prestigious secondary colleges Gregory Terrace and Brisbane Grammar and All Hallows' School are a short drive or bus ride away.
Tightly held in the same family for over 35 years, this well-kept asset on a level 809m2 block with LMR zoning (2-3 storey mix) is the perfect strong yielding investment with amazing development potential.
Situated only 5km from the Brisbane CBD, a short walk to Lisson Grove Village, 2 minutes to Wooloowin Train Station and within the Eagle Junction State School catchment, this fantastic investment is primed for future capital growth.
With the inner city unit and town house market currently surging, this product offers a fantastic opportunity for development right now. Alternatively, it offers amazing hold potential - reap the rewards of strong rental yields during the current rental crisis and beyond, then develop when the time is right for you… or simply land bank this A grade asset. The current owner has reaped the rewards of multiple property booms over the past 35 years.
• 809m2 site, zoned LMR (2-3 storey mix).
• Fully leased with tenancy agreements all ending on the same date in 2025.
• Product mix of 5 x 2 bedroom units with no strata title.
• Outstanding position only 2* minutes walk to Wooloowin Train Station and on the main Airport line - offering services to the Brisbane CBD running approx every 5* minutes (business hours).
• 5km to the Brisbane CBD.
• Well maintained and partially upgraded units.
• 4 lock up garages and 1 car port.
• Good quality long-term tenants.
• Level block.
A blue-chip location, premium finishes and front row seats to marvelling panoramic Brisbane River views put this stunning near-new penthouse apartment in a class of its own. With a surging market in Brisbane fuelled by interstate demand and an outstanding location within one of the city's most highly prized enclaves, this truly unique offering must be acted upon quickly in order to secure.
Holding a prime position within the renowned Boatyard complex, this stunning architecturally designed abode spans over a generous living of absolute riverfront. Careful consideration has been taken throughout to ensure the space fully capitalises on the commanding position with floor to ceiling windows and doors unveiling sweeping river vistas and spectacular city views captured by the second and third bedroom.
Facilitating all levels of entertaining, an open plan arrangement hosts a lavish designer kitchen with a butler's pantry adjoining the dining and living which flows to the expansive entertainer's deck complete with a built-in BBQ. With a rare offering of four large bedrooms, the home is intelligently complimented by an additional family room with a pragmatic separation from the main living and entertaining.
Referencing its riverside location with natural textures, timber floors and stone bench tops effortlessly blend with sophisticated contemporary finishes throughout including European Miele appliances, a Liebherr wine fridge and architecturally designed custom lighting.
Perfectly located in a high growth area where capital investment is highly rewarded, the home is set for rental success with a current lease in place providing a quality tenant.
Within one of Brisbane's most culturally-rich enclaves only 9.5km from the city, the home is a short walk from Oxford Street's shopping and dining precinct, as well as the Apollo Road City Cat services making New Farm Park, UQ, QUT and the CBD highly accessible. Falling into the Bulimba SS and Balmoral SHS catchment, this address enjoys a quick commute to Saint Peter and Paul's Primary, Lourdes Hill and Anglican Church Grammar School (Churchie)
Features:
- North-facing river-front penthouse with panoramic views
- Well priced body corporate contributions
- Architecturally designed by the award-winning Brian Donovan
- Open-plan kitchen, dining and living flowing to outdoor entertaining
- Rare offering of four large bedrooms with an additional family room
- Generous master bedroom with deck access, walk-in robe, ensuite & built in IT hub
- Timber floors, 3 metre high ceilings and architecturally designed lighting
- Designer kitchen with butler’s pantry, Miele appliances and stone bench tops
- Quality Leibherr Wine fridge, fully integrated fridge & freezer and Miele laundry appliances
- Expansive deck capturing river views with built-in marine grade built in BBQ
- Heated tropical pool with direct access to Brisbane River
- Well-managed complex with a caretaker to cater to the grounds
- Two car accommodation massive additional built-in storage
Perched up on Herston hill (completely flood-free), town home number 4 of only 6 is positioned quietly towards the rear of the complex.
The location is highly appealing for families looking for a quality education for their children at Kelvin Grove State Primary and Secondary Schools (within both catchments) and also extremely appealing to Royal Brisbane and Womens Hospital or QUT professionals looking for an ultra low maintenance home a short walk, run, ride or scooter to work.
This property is also appealing for the astute investor, positioned in one of the most sought after inner-city low to medium density (2 to 3) storey locations with amazingly low body corporate fees ($610 per quarter). Leading into the 2032 Olympics, the property is close to so many amenities: a short walk to the soon to be redeveloped Ballymore stadium, 3km to Brisbane’s renowned Suncorp Stadium, 3.8km to the CBD, 2.4km to the Fortitude Valley, 650 meters to the soon to be developed Victoria Parklands and the (Golf driving range, putt putt and bistro) 1km to the Royal Brisbane and Woman’s Hospital (RBWH), 1KM The University of Queensland - Herston Campus, 900m to Queensland University of Technology (QUT) Kelvin Grove Campus, 1km to Kelvin Grove primary and secondary schools (both arguably 2 of the most sought after State Schools in Brisbane) walking distance to the future cross river rail in Bowen Hills and 1.2KM to the airport link and inner city bypass tunnels. This investment is primed for consistently high rental yields and incredible capital growth. Ed Cassidy Property currently manage a similar town house in this complex boasting a 6%+ gross rental yield for the past 2 years running.
A large 213sm floor plan is split over 3 very well thought out levels with fully ducted air conditioning, high quality shutters and tinted windows throughout the bedrooms and multiple living areas.
As you enter at the ground floor, you are greeted by a spacious ensuited bedroom room, which could easily be used as a home office or second living area/teenage retreat. This space is also perfect for premium QUT student accommodation to offset high interest rates and mortgage repayments.
The middle level boasts multiple living areas with a spacious open plan living and dining (6m x 6.8m) which flows seamlessly between your comfortable balcony with crimsafe security screens, roller balcony blinds and stylish courtyard with a stunning star jasmine vine lining the fence. Having the outdoor living at opposite ends of the town house provide beautiful breezes all year round, easily controlled by the screens and balcony blinds.
The expansive kitchen offers European appliances, a very useful servery window, sparkling grohe tapware, feature lighting, ample storage and a generous stone bench top… the perfect environment for preparing meals while having great conversations with your friends and family.
Quietly positioned on the upper level is your master bedroom and a further 2 queen bedrooms. All 3 bedrooms have large mirrored built in wardrobes, timber like flooring, ducted air conditioning and ceiling fans. The spacious master bedroom boasts a beautiful blue sky colour scheme, breathtaking views over Herston towards Ballymore Stadium. The master room also fully equipped with a large ensuite bathroom with feature tiling, shower and separate bathtub. Also on the upper level is the main bathroom with stone bench top vanity with sparkling tapware.
This super low maintenance town home still feels like new. New town house complexes in Herston are very rare.. in fact there aren't many newer than this offering.
The street boasts unlimited resident parking along with two Brisbane city council unlimited visitor car park permits. The town house is positioned with-in the restricted 2 hour parking limit for non-residents and far enough away from the hospital and university to always get street parking on Fleming Road.
The town house market is Brisbane is stronger than it’s ever been and prices are climbing quickly. We expect this property to go under contract this weekend so make your best offer quickly.
When investing in premium inner-city suburbs, it is so important to select an investment that stands out from the crowd. This rare ground floor courtyard apartment in highly sought after Newstead is an investment opportunity that won’t last long in the current surging market.
Not only is it unique in being on the ground floor, the apartment boasts two courtyards, two ensuited bedrooms, privately positioned at opposite ends of the apartment. Both bedrooms have walk in wardrobes leading through to ensuite bathrooms, making this apartment incredibly appealing to prospective tenants willing to pay a premium rental.
The ducted air conditioned living and dining areas are spacious and private while the over-sized kitchen offers a island bench, stainless steel European appliances, gas cooking and plenty of storage.
The current tenants have never missed a rental payment and have 6 months remaining on the tenancy agreement. They have already indicated they would love to stay on when the current lease finishes.
The apartment features:-
Strong rental yield - tenanted for $600 per week with 8 months remaining on lease.
Ducted air-conditioning and heating throughout
Master bedroom with ensuite and walk-in wardrobe
Second bedroom with ensuite and walk-in wardrobe + private courtyard
Additional guest powder room
Open plan kitchen and living area
Kitchen with European appliances
Laundry area with dryer
Gas cooking
Grey water system
Secure parking
100 meters from the Brisbane river
Covered courtyard plus second courtyard off 2nd bedroom
Body corporate contributions only $1,010 per quarter.
$779,000 in the sinking fund
Brisbane City Council rates are $430 per quarter.
Absolutely outstanding facilities are on offer at Newstead Series with quality JLL onsite management looking after the day-to-day maintenance and upkeep of the complex.
Complex facilities include:
Outdoor LED cinema screen
25m swimming pool and lounge spa pool
Massive fully equipped gym
Sauna
Various grassy outdoor entertaining and dining areas to choose from, including BBQs and pizza ovens
Arguably the best location and apartment complex in Newstead, it is ideally placed for city commuting by public transport, on foot, bike, river walk and ferries. The apartment is a short walk to the James Street, Gasworks and Fortitude Valley precincts, with their abundant options of shopping, night life, restaurants, cafes, bars, hospital, exhibition grounds and every other amenity.