Situated within the desirable Churchie precinct and just 2.2km from the CBD, this classic Queenslander inspires grand visions with vintage charm and generous 622m2 landholding on two lots with a wide 17.6m frontage. Close to the action of the 2032 Olympic precinct and metres from the banks of the Brisbane River, (yet reassuringly on a flood-free block). Offered for the first time in 35 years, prudent buyers will be quick to recognize the enormous potential to add value in this inner city locale with options to redevelop, raise, renovate, operate as a home business or give this beauty a new lease on life with a complete re-design (STCA). Full of charm, its spacious single level offers plenty to capatalise on with four large bedrooms, high pressed metal ceilings, VJs, and multiple al fresco balconies, plus a large rear yard with side vehicle access. Follow suit with prestigious neighbors and luxury renovations lining the neighborhood and create a magnificent family home by building in underneath, or simply apply a modern facelift. Zoned LMR2, prudent developers may wish to explore the potential to demolish the rear and relocate to make way for new dwellings (STCA). Not to be overlooked by business owners, this site has wonderful commercial potential for the right buyer as its closely neighboured by established retail, specialty services, vibrant dining venues and popular microbreweries. Well-connected to the CBD via bus or swift CityCat services from Mowbray Park, this exciting opportunity is footsteps from Raymond Park, which is set to hold some of the worlds most famed athletes during the Olympic Games. Surrounded by Brisbane's top performing schools, it offers effortless access to Lourdes Hill, Somerville and Churchie, as well as QUT and major hospitals. - Flood-free 622m2 of LMR2 zoned land - Generous dimensions (35.1m x 17.6m) - Off-street parking for up to 10 vehicles - Renovate or raise to create a magnificent luxury home (STCA) - Redevelopment potential to partially demolish and relocate (STCA) - High pressed metal ceilings, timber floors, VJS - Two large al fresco balconies & cute front porch PLEASE NOTE: Every attempt has been made to ensure that all information provided in this advertisement is accurate. However, due diligence should be done by the buyer and we welcome you to conduct your own research.