Harringtons Realty are very pleased to bring to your attention a unique investment opportunity that has just become available in the highly sought-after suburb of Norman Park, located just 5km from the Brisbane CBD. This offering consists of two adjacent properties, collectively encompassing approximately 1,000 sqm of prime land.

Key Details:
Norman Park, approximately 5km from the Brisbane CBD
1,000 sqm approximately
LMR2 (Low-Medium Density Residential)
The sites feature homes built in 1935, adding a unique historical charm to the site.

Development Potential:
Given the LMR2 zoning and the growing trend in the area, this site offers an exceptional development opportunity. Neighbouring properties have already taken advantage of similar opportunities, making this a proven investment location.

Possible Development Options:
Lifting and Renovating Existing Homes: The current houses are built in approximately 1935. This will take a smart developer - potential to raise them to maintain their character while allowing for enhanced access to the rear of the properties.

New Townhouses at the Rear: The rear portion of both sites is ideal for the construction of modern townhouses, taking advantage of the additional space.

Expansion and Modernisation: The existing houses can be renovated and expanded to include additional bedrooms and bathrooms, providing luxury living with off-street parking.

Both homes are currently rented to long term tenants.

This development could offer a blend of character charm and modern living, appealing to a wide range of buyers and tenants in this thriving suburb.

This site holds great potential for the right investor. If this piques your interest, please don't hesitate to reach out.