This is a rare opportunity to purchase this excellent 3 bedroom cottage situated in the heart of the West End / South Brisbane that offers multiple options for the future.
As a residential cottage it offers press metal ceilings, VJ walls, separate bathroom / toilet facilities, enclosed front verandah, large rear yard, off street parking in the paling enclosed concreted area beneath, and much more.

Zoning: (DC1) District Centre 1 located within the Boundary Street and Vulture Street Precinct and within the South Brisbane Neighbourhood Plan.

Land Content: 304 square metres with a 10 metre frontage

Development Options:
1. Re-use existing building with no increase in the gross floor area (GFA) of the existing building for restaurant, Office and / or shop uses are self-assessable where complying with all the self-assessable acceptance outcomes of the "Centre of Mixed Use Code".
2. The existing building could be re-used and extended, however this increase in GFA would require town planning approval for restaurant, office or shop use.
3. Town Planning approval may not be required to demolish the existing dwelling but a building approval will still be required. The South Brisbane Riverside Plan contains a maximum building height provision of three storeys for the subject site. A mixed use development involving centre activities and multiple dwellings (apartments) at the three storeys with a site cover of 80% would be subject to code assessment.
4. It may also be possible that a building height of 4-5 storeys maybe supported by Council given the existing 4-5 storey height of the apartments located to the east and west of the site. Any development exceeding three storeys' and 80% site cover would be subject to "impact assessment".

Location:
It does not get much better........ right in the heart of the vibrant West End / South Brisbane precinct. The property is situated immediately adjacent to The Markets shopping complex that includes Coles and 25 specialty shops providing access to all your essentials within minutes. The Coffee shops, cafes, banks, hotels and bars are all within walking distance in Boundary, Browning, and Melbourne Streets. The Brisbane City Business Centre, Southbank Parklands, the Arts and cultural Centres are less than a kilometre away. The educational precinct that includes Brisbane state High School, West End State School, St. Laurence's College, Somerville Hose, Southbank Tafe, QUT, and the University of Qld are also nearby.

Auction Date: Wednesday 18th November 2015 at 1pm

On Site: 42 Mollison Street South Brisbane



Disclaimer:

S Drakos Real Estate accepts no responsibility for the use of or reliance upon the information contained herein.

The information contained herein should not be solely relied upon for investment decisions, including for the purposes of purchasing of the subject land. S Drakos Real Estate strongly recommends further detailed investigations are conducted prior to making such a decision. Further detailed investigations which might be advisable could necessitate engagement of a land surveyor, civil engineer, architect, quantity surveyor, valuer, and / or others. Further detailed investigations might also call for a meeting with local Council and/ or State Agencies.