Offered for sale for the first time in almost 50 years, these 2 x 2 bedroom flats have a great rental history and a Rateable Land Value currently at $790,000. Ideally positioned in a quiet, residential street of quality homes, both new and old, the property has an allotment size of 607m2 with a 15m frontage and is zoned "Low Density Residential". With a long history of rental returns, the property has been returning a combined income of $600 per week. A variety of future options is on offer here including renovation, extension or demolition & redevelopment, subject to Council approval. The current configuration comprises a front and rear flat, each with 2 good sized bedrooms, a balcony and two staircase entries. Excellent storage and garage spaces with separate laundry areas are located at the ground level. Within easy walking distance of schools, parks, child care, cafes, transport links and Indooroopilly Shopping Centre this is rare opportunity in a terrific location.