135 Murray Street, Rockhampton City, Qld 4700

Welcome to 135 Murray Street, Allenstown - a truly unique and versatile property that perfectly blends timeless Queenslander charm at the front and duplex at the rear and exceptional investment opportunities. This standout property offers the ideal combination of character, functionality, and potential for further development, making it an unmissable opportunity for homeowners, developers, and savvy investors alike.

The main residence is a Queenslander-style home, showcasing all the hallmarks of this beloved architectural style. Featuring three bedrooms, a single bathroom, and a welcoming living space. The highlight of the property is its expansive deck, ideal for entertaining, enjoying the Queensland lifestyle, or unwinding after a long day. With its classic features and spacious design, this home is perfect for families or tenants seeking a touch of traditional charm.

At the rear of the property, double-storey brick duplex units provide modern, well-appointed living spaces. Each duplex features three bedrooms, two bathrooms, and thoughtfully designed living areas, ensuring comfort and convenience. These units benefit from separate rear lane access from Murray Street, enhancing privacy and ease of access. Designed for low maintenance, the duplex units offer excellent potential for strong rental returns. Currently, both units generate $650 per week in rent, making it an attractive income-producing asset. The durable construction and functional layout make these units a valuable addition to the property.

Adding further value, the property comes with approved development plans for two additional duplex units along the frontage. All the necessary infrastructure and engineering work for the construction of Units 3 and 4 is already in place. This includes all engineering and structural plans to construct the additional units, completed soil tests to ensure suitability for further development, and hydraulic engineering for drainage and water management. The electrical power system has been designed to accommodate the fourth meter, with power to the property taken underground for added reliability. Water access is provided from both Murray Street and George Lane, with two separate council water meters, offering flexibility for future development. This extensive pre-development work significantly reduces the time and effort required to build, making it an exceptional opportunity for the new owner.

Located in the highly sought-after suburb of Allenstown, the property is close to local schools, shopping centers, and public transport, ensuring convenience for residents. The ample parking space further enhances its appeal.

This combination of an established income-producing asset, a charming Queenslander home, and significant future development potential makes 135 Murray Street a truly rare find.

Don't miss out on this incredible investment opportunity. Contact us today to arrange an inspection and explore all the possibilities this property has to offer!