28 Ashbolt Street Wooloowin, QLD 4030

It does not get any better than this! A renovated block of flats returning just under $1,000,000PA, already on two individual lots and with demolition approval! Buy now and continue to receive rent for years to come and then knock down and develope the blocks.

Commanding a large corner site in the heart of Wooloowin, this substantial parcel of prime real estate presents an abundance of opportunities in a premium location.
Positioned on a 759 sqm double allotment in a quiet pocket close to schools, shops and transport, this property comprises five individual units offers incredible versatility in a well-serviced area just five kilometres from the city.

A smart investment for those seeking solid returns, an attractive development prospect with an application for demolition already been approved by BCC, or exceptional blank canvas for owner occupiers to craft their dream home on a sprawling site in a sought-after neighbourhood, this is a rare offering with robust possibilities.

In summary:

• 759 sqm double allotment on corner site in quiet central Wooloowin enclave
• Pre-war structure with demolition approval
• Set of five units returning $98,280 per annum
• Ability to renovate to increase rental returns
• Fully tenanted, leases in place until April to August 2026
• 450 m walk to Wooloowin train station
• 450 m walk to Wooloowin State School
• 650 m to popular Melrose Park
• 1.4 km to HomeCo. Lutwyche shopping centre

Investors and those looking to landbank, this is an ideal set-and-forget prospect comprising five fully-tenanted units in great condition earning solid returns in what is a very strong rental environment.

Spread across two levels of a characterful timber dwelling, each unit is in solid condition, with separate bedrooms and living, and neat and tidy kitchens and bathrooms, all with use of an expansive rear yard and shared laundry facilities.

With its generous land comprising two lots, its ideal corner position and broad frontage, this incredible property also offers limitless design and redevelopment opportunities in a prized location walkable to everything Wooloowin is known and loved for.

Just 450 metres to Wooloowin train station, this charming, family-friendly enclave is an easy walk to a number of neighbourhood cafes as well as the regarded local Wooloowin State School. The popular Melrose Park is just 650 metres away, and major shopping hub HomeCo. Lutchwyche with its two supermarkets and gym is a convenient 1.4 km from your door.

Investors in search of incredible outcomes, developers looking for an agile opportunity, and home seekers with a vision, you'll be reaping the rewards with this substantial slice of premium real estate in a prized lifestyle pocket just five kilometres from the CBD.