26 Cowlishaw Street, Bowen Hills, Qld 4006

Auction on October 23rd, 2024 at 6:00PM - The Cove, 59 Doggett Street, Newstead

In a prominent hillside position, this converted Queenslander is redesigned to provide five self-contained units, complete with easycare modern updates. On the border of Newstead, the premier address is walking distance to Gasworks Plaza, Homemakers Centre, parks, bus stops, Bowen Hills Station and a multitude of restaurants.

The double storey layout incorporates three residences on the ground floor and a further two on the top level, with all offering individual entrances. With elevated urban outlooks and low maintenance gardens, it's an ideal freehold property in a highly sought-after inner-city suburb. 

High occupancy rate, currently drawing $1,565 per week rental (Unit 5 currently owner occupier).  Opportunity to earn $2,360-$2,610 if all units were leased at the current market rate. 

• One and two bedroom units with combined living/dining areas
• Serviced by practical kitchens and compact bathrooms
• Largest unit beautifully renovated with quality inclusions
• Traditional high ceilings, polished timber floors, VJ lining boards 
• Opens onto undercover entertaining deck with treetop views
• Well equipped kitchen with stone island bench for casual meals
• Thoughtfully considered floorplan with study to work from home
• Unit 4 & 5 have bathrooms appointed with bath and shower recess
• Air conditioning, ceiling fans, good ventilation, natural light and solar panels installed 
• Entertaining terrace and shaded sitting areas, double garage  
• Endless options, reside in one, earn income by renting out all   
• Near cafes, fitness centres, bars and beautiful riverside walkways

From here, it is a short distance to James Street, Fortitude Valley and Howard Smith Wharves lifestyle precincts. District schools include coveted New Farm State and Fortitude Valley State Secondary College.

This is a ready-made investment opportunity that you cannot afford to miss.