Ascot Mechanical Garage and Residence, 501-503 Sandgate Road,
Ascot, QLD 4007
Key property information
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Map of Ascot Mechanical Garage and Residence, 501-503 Sandgate Road
Investor Opportunity - A HOME ON TOP AND A BUSINESS UNDERNEATH - ASCOT, BRISBANE
A HOME ON TOP AND A BUSINESS UNDERNEATH - COMPLETE WITH WORKSHOP SPACES AND BACK YARD NEAR THE HEART OF BRISBANE CITY
You can rent out the top house while renting out the bottom as a mechanical workshop and office. OR you can live upstairs while running your mechanical business underneath! even has a backyard for the kids!
Unique Commercial Building - Unique Size and Position - Unique Possibilities
These large factory workshops as well as private residence is on a wonderful 810sqm landholding with two separate parcels of land which are 405sqm each, in one of the most sought after locations in Brisbane.
With a large frontage (27.5 meters) to Sandgate Road, this property is prime for business with its massive exposure.
Great for owner occupiers running a business, investors wanting to rent out 2 premises in one, or investors or developers, this is a great opportunity to capitalize on many creative possibilities, while being central to all nearby lifestyle amenities.
Many possibilities include:
* Living above while :
# Running it as a mechanical workshop and service station
# Running it as a shop such as coffee drive through, art shop or anything - possibilities are endless.
* Potential 3-story complex
* Private residence upstairs
* Service station, customer reception and mechanic workshops located on the lower level.
A little over 6km to Brisbane CBD, and a small walk to shops, buses and trains.
This property sits within the LMR2 - Low Medium Density Residential Zone (2 or 3 story mix).
Being in a very convenient location, great views from the top level, there are many possibilities for upgrading, residential or commercial development, subject to council approval.
Upper House has an "L" shaped lounge, 4 bedrooms (or 3 bedrooms and 1 study), 1 toilet and 1 bathroom, 1 kitchen
Lower Commercial has 2 toilets, 2 very large workshops, 2 storage rooms, a large office and a large gated undercover area.
Sale subject to
Selling as is / as inspected.
14 day settlement period
14 day due diligence. - Due to this properties land being valued at 1.35 M - this lower price it is selling for will make up for any repairs or clean up it may need, in exchange for a short settlement period.
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Property ID: 503267626Last Updated: 6 Jun 2020