Classic renovator on valuable redevelopment site

Occupying 1006sqm of prime north/east facing land, this original home presents a multitude of opportunities to capitalise on the highly sought-after Highgate Hill address. Brisbane City Council has provided preliminary subdivision approval, with the proviso that the existing dwelling be retained and repositioned. <br/><br/>Less than three kilometres from the CBD, the premium locale is walking distance to South Bank and near popular West End. Surrounded by prestigious schools, it's close to St Laurence's College, Somerville House and Brisbane State High. <br/><br/>• Scope to subdivide full block into three separate allotments <br/>• Add further value by redeveloping, building new residences<br/>• Traditional residence with character features to renovate<br/>• Highset layout with main living areas across upper floor <br/>• Timber floorboards, coloured glass windows, ornate archway <br/>• Deck offers snapshot of sweeping district views to maximise<br/>• Updated kitchen equipped with DishDrawer, freestanding oven<br/>• Good sized bedrooms serviced by basic bathroom facilities <br/>• Highset with undercroft laundry, w/c and multi-purpose rooms<br/>• Freestanding garage, carport, parking for caravan or boat<br/><br/>Ideal for families or executives, the locality is central to South Bank Station, the South East Busway, motorways, QUT Gardens Point and UQ. For medical professionals, it's minutes to the Princess Alexandra, Mater and Queensland Children's hospitals. <br/><br/>This tightly-held property presents phenomenal prospects for a developer or investor. <br/>