501-503 Sandgate Road, Ascot QLD

For Sale

Farmland

$999,000

250m2

    • Building Name Ascot Mechanical Garage and Residence
Phone enquiries - please quote property ID 21360

Great Opportunity

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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