This much-loved well designed two storeys multi-living property is hitting the market for the first time in 33 years and ready for the next owner to realise its full potential. Boasting 7 bedrooms, 4 bathrooms and a clever combination of classic and modern design elements, this unique home facing north sit proudly on a 547 sqm parcel of land in Kangaroo Point, presenting a multitude of opportunities for the savvy investor or owner-occupiers. Properties with this configuration and features are extremely hard to find and replicate especially in this premium blue chip location. The property located at 197 Shafston Avenue is an ideal home for multiple generation living, with dual level accommodation with separate access points. There is a brilliant opportunity for the owner to be able to generate an excellent rental income by leasing rooms individually or on a per level basis. Situated in one Brisbane's most sought after suburbs, Kangaroo Point is currently one of the nation's hottest location and has shown strong historical capital growth. This is due to being only 1km from the Brisbane CBD with ease of access to major employment hubs, infrastructure and amenities, including the Gabba Stadium Precinct upgrade for Brisbane 2032 Olympic Games, new Cross River Rail station, Kangaroo Point Green Bridge, World Class Queen's Wharf Precinct, Waterfront Precinct at Eagle Street and Howards Smith Wharves Precinct, as well as Universities, local schools, transport, shops, parks and hospitals. Walking distance to the new proposed Kangaroo Point Green Bridge. A $190 million dollar development, Linking our City Centre to the Kangaroo Point Peninsulas, the bridge is anticipated to cater for up to 10,000 trips per day and significantly reduce the number of cars crossing the river every year. The pedestrian-and-cyclist-only bridge will connect Alice Street and the Botanical Gardens to Scott Street at Kangaroo Point, also accessing the new Brisbane Riverwalk that is currently under construction. Link - https://raywhiteinnerbrisbaneapts.com.au/news/green-light-on-green-bridge The Queensland Government is planning for the exciting New $1b Stadium: Gabba to be rebuilt as the main Olympic stadium, bringing unprecedented and updated amenities to local residents which will create fantastic capital growth for properties in the area. Link - https://raywhiteinnerbrisbaneapts.com.au/news/gabba-games-to-stimulate-suburb-growth Property Features: - Refurbished Queenslander with a wide 21.2m frontage on 547 sqm block in highly desirable Kangaroo Point - Two Storey, multi-living with 7 bedrooms, 4 bathrooms and 2 car spaces - Total building size of 281 sqm approx. (Lower Level 97 sqm approx., Upper Level 120 sqm approx. and outdoor area of 64sqm approx) - High ceilings, VJ walls, low maintenance, spacious living and entertainment outdoor areas - Energy-efficient solar panels and water tanks as well as 9 air conditioners throughout The lower level includes: - Three generous sized air-conditioned bedrooms - Spacious open plan living fully tiled with air conditioning - Well designed kitchen with ample storage - Large tiled main bathroom with laundry and additional two separate tiled bathrooms with laundry at the rear. The upper level includes: - Sunny north facing veranda and covered deck area, perfect for relaxing and entertaining. - Four generous bedrooms feature high ceilings, tiled flooring and air-conditioning - Main bathroom - Spacious lounge area that opens to a rear balcony - Functional kitchen, dining and living area The outdoor area includes a courtyard, covered patio, workshop and unlimited potential and scope for the new owner to add value Subject to Council Approval. Make no mistake; this golden offering is almost the last of its kind. Properties with this location, land size and set-up is a rare find indeed! When dealing with a property holding with such credentials it is hard to imagine how one could overcapitalise with the assurance of long term financial stability. The seller is motivated and committed to selling! Call, Text and Email 24/7 to arrange a viewing with us!! Please advise the agent in writing before placing an offer if you require Foreign Investment Review Board approval (FIRB). Please visit - https://firb.gov.au/ for further details. DISCLAIMER: Whilst every effort has been made to ensure the accuracy of the information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.