61 Baines Street, Kangaroo Point

Positioned on a north facing 405m2 block in the heart of inner-city Kangaroo Point within 2 kms to Brisbane CBD and Southbank Parklands, is this outstanding investment opportunity! With the Cross-River Rail and a new restaurant precinct on its way, you are assured of a greater lifestyle and capital gains.

Generous in proportions and with traditional features, including VJ walls, casement windows, fretwork and French doors has been raised and built underneath to create two large 4-bedroom flats.

Currently set up for dual living, options include live in one flat and rent or pay off the mortgage by paying off the other. Alternatively rent both flats with a current combined rental income of $1,275 per week.

The property is fully fenced and separately metered for gas and electricity.

Lower Level
4 bedrooms all with built in robes
1 stylish bathroom plus separate laundry with additional toilet
Modern kitchen with full range of stainless-steel appliances
Spacious open plan living and dining area
Polished timber flooring
Air-conditioning and fans throughout
Currently rented for $650 per week

Upper Level
4 spacious bedrooms
1 stylish bathroom plus separate laundry with additional toilet
Modern kitchen with full range of stainless-steel appliances
Spacious open plan living and dining area
Polished timber flooring
Air-conditioning and fans throughout
Currently rented for $625 per week

Location does not get much better than 61 Baines St, just a short walk takes you to the very best of Brisbane; the Pineapple Hotel, The Gabba Cricket Grounds/cafe precinct, Cross River Rail & Kangaroo Point Cliffs. Supermarkets & Cafes are close by and easy access to the City by bus and City Cat Ferry. There is also quick and easy access to the Northern Suburbs and Airport via the Clem 7 Tunnel.

Queens Wharf, Southbank Parklands and some of Brisbane's best private and public schools as well as Brisbane's premier universities are all moments away.

Where else so close to the Brisbane CBD can you purchase such an amazing investment property? If you are looking for your ideal inner-city property which offers high capital growth and an enviable lifestyle, well this is your opportunity!

Opportunities such as these are scarcely made available to the market and this property is a must inspect.

The sellers have made a clear-cut decision for their property to be sold at Auction.