Here's a property that offers enormous potential and a myriad of options that you may explore. 1. You could 'set and forget' this investment with two current tenants paying a total of $600 per week 2. You might renovate this residence and add significant value, perhaps returning it to a 7 bedroom home and reap the increased return and capital growth 3. You could possibly remove the original home and construct your dream home on this fabulous block that offers panoramic city views (you might even be able to build a tri-level abode and enhance the views even more) Whilst you're perched on South Pine Road, you're actually in the very quietest part…right up near the Everton Hills boundary (almost the corner of Kurrajong Street). You'll approach the property and realise that you're so close to so many amenities – there are plenty of quality schools including Prince of Peace Lutheran College, Northside Christian College, Mt Maria College and other State schools and high schools in Everton Park, McDowall and Mitchelton. You're also within a few minutes' drive to any one of 8 large shopping centres (Brookside, K-Mart Plaza, McDowall Shopping Village, Stafford City, Westfield Chermside, Rode Road, Albany Creek, Everton Park…just to name a few) as well as local parks, buses, trains, the Airport Link Tunnel and arterial roads – could you possibly find a location that offers so much that's so close? Approaching the home, you'll see that it's not the prettiest home in the world but it is very functional and very spacious. Wander past the single carport and into the upstairs dwelling that currently rents for $350 per week. You'll love the stunning polished hardwood timber floors that lead you to the generous kitchen (with electric cook top and stainless steel oven) and onto the spacious lounge and dining area with a vaulted ceiling. This area flows effortlessly into the expansive enclosed sunroom – a place where you can relax as you take in the breath-taking vista of the city lights right across to Mt Coot-Tha. There are 4 bedrooms on this level…three of which feature built-in robes and there's also a separate office if you spend some time working from home. The main bathroom provides a shower and bath, a 2-Pac vanity and also a laundry whilst there's also a separate toilet with its' own vanity for your convenience. You'll find a set of internal stairs that are still in place (but sheeted off to dissect the separate residences) so it's quite easy to pull this down and turn it back into a two-storey home should the need arise. Head back outside and around the side of the home to enter the second dwelling – this time a 3 bedroom offering that is also surprisingly spacious. There's a voluminous lounge and dining area, a kitchen with a 4-burner gas cook top, stainless steel oven and built-in pantry, a study area next to the internal stairs, a bathroom with a shower, vanity and laundry and a separate toilet. The main bedroom down here offers superb city views (in fact, all 3 bedrooms on this level provide sensational views). Currently rented for $250 per week, you can easily see the potential. Each of the tenants pay for utilities (as they're not separately metered) and the owner collects an additional $110 per week (combined) in order to pay for these services. This is clearly a property for someone that can see an opportunity. The Council land value alone here is almost $500,000 and block with uninterrupted city views are becoming harder and harder to find. With Everton Park being experiencing a recent rejuvenation in the business heart of the suburb, Everton Hills being earmarked as one of the hot suburbs to watch in terms of capital growth over the next few years, and given you're only 20 minutes from the Brisbane CBD, this is property that discerning buyers will recognise the enormous opportunity. A full features list includes: • Elevated 607m2 block with stunning city views • Original house currently split into 2 separate residences • Combined rent of $600 per week plus utilities Residence 1: • 4 bedrooms + study • Multiple living spaces • Hardwood timber floors • Vaulted ceiling • Generous kitchen • Bathroom/laundry • Single carport Residence 2: • 3 bedrooms all with views' • Study area next to original stairs (that are still intact but sheeted upstairs) • Expansive living and meals area • Kitchen with gas cook top • Bathroom/laundry Location: • Very quietest part of South Pine Road - right up near the Everton Hills boundary (almost the corner of Kurrajong Street) • So close to so many amenities – quality schools including Prince of Peace Lutheran College, Northside Christian College, Mt Maria College and other State schools and high schools in Everton Park, McDowall and Mitchelton • Within a few minutes' drive to any one of 8 large shopping centres (Brookside, K-Mart Plaza, McDowall Shopping Village, Stafford City, Westfield Chermside, Rode Road, Albany Creek, Everton Park) • Very close to local parks, buses, trains, the Airport Link Tunnel and arterial roads' With a myriad oof options, there will be a wide range of buyers that will see something different in this one so don't delay as the market is 'Red Hot'. 'The Michael Spillane Team' is best contacted on 0414 249 947 to answer your questions and arrange your private inspections.