Welcome to 507/48 Jephson Street, a stunning contemporary unit set in the highly-regarded 'Illumina'. Proximity to some of Queensland's most sought-after schools and tertiary institutions provides immense appeal with location being a huge drawcard for this property. Toowong is a natural oasis, where locals are spoilt with sprawling parklands, beautiful character homes, and the magnificent Brisbane Botanic Gardens. It's walking, running, and cycling paths offer a riverside commute to Brisbane's CBD. An exceptional investment opportunity presents itself with a current lease in place returning $545.00 per week until March 2024, with future rent increase available to you. With significant amount of money being invested throughout the Toowong area, with council initiatives and developments, Toowong is earmarked as one of Brisbane's leading suburbs. Location - Proximity to Toowong Village, including David Jones, Coles and over 80 specialty stores - 3.5km to Brisbane CBD - Surrounded by UQ, QUT, Brigidine College, Brisbane Boy's College, Brisbane Grammar School, St Ignatius Catholic School, St Peter's Lutheran College, Stuartholme School, Toowong State School - 6mins drive to Indooroopilly Shopping Centre - 8mins drive to Brisbane Botanic Gardens - Mt Coot-tha - Easy access to Bus, Train and City Cat Ferry