Iconic Ascot Investment | Income With Development Potential

Property ID 1708449

- Comprises 2 retail / commercial shops returning over $100,000 p.a.* (gross) plus 4 bedroom residence
- Land area of 607m2*
- Corner location provides potential to subdivide the house from the retail component
- Prominent position two street frontage to Alexandra and Lancaster Roads
- First time offered for sale in 60* years
- Well positioned to public transport, Ascot State School, shops and overlooks Oriel Park

Tony Williams 0411 822 544
Mark Creevey 0408 992 222

*approximately
**This property is being sold by Offers to Purchase therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Ray White Special Projects (Queensland) has pleasure in offering for sale by Offers to Purchase a 607m²* Iconic Ascot Investment with Development Potential (^STCA).

Features include:

  • First time offered for sale in 60 years
  • The holding comprises two retail / commercial tenancy areas including long standing tenants Vanilla Pod and Alma Clark Real Estate.
  • The property also includes a four (4) bedroom residence with separate street frontage and access
  • Total land area of 607m²*
  • Gross income of over $100,000 p.a. from the two tenancies with opportunity to increase rent from the four (4) bedroom house
  • Potential to subdivide the house from the retail component (^STCA)
  • Two street frontage to Alexandra and Lancaster Roads
  • Prominent corner location in the heart of one of Brisbane’s blue chip suburbs

Executive Summary and Sales Details

Address

119 Lancaster Road and 7 Alexandra Road Ascot, QLD, 4007

Land Area

607m²*

Method of Sale

The property is for sale by Offers to Purchase.

The sellers retain the right (in their absolute discretion) to:

  • Decline to consider and/or accept any offers to purchase lodged in response to this invitation;
  • Negotiate directly with any party who has lodged an offer to purchase at any state;
  • Accept or decline non-conforming expression of interest at any stage of the sale process;
  • Enter into any agreement for sale of the properties on such terms as are acceptable to the Seller in the Seller’s absolute discretion;
  • Change this invitation;
  • Require additional information from a party who has lodged an offer to purchase;
  • Reject all or any offers to purchase of interest at any time for any reason; and
  • Withdraw the property from sale

If the offer is to be submitted by hard copy it is to be enclosed within a sealed envelope marked clearly with:

c/- Mark Creevey or Tony Williams
Ray White Special Projects (QLD)
Level 26, One One One,
111 Eagle Street, Brisbane Qld 4000

* approximately
^ Subject to Council Approval
# Important: Prospective purchasers conduct due diligence investigations of the property strictly at their own expense and risk, and the vendor will have no liability in relation to such expenses. Consent by the vendor to the conduct by any potential purchaser of due diligence activities or investigation will not in any circumstance be construed as a representation that the vendor will be exercising, or refraining from exercising its rights to deal with the property, or any representation that the vendor intends to contract with that potential buyer, or at all.

Ascot is located approximately 6 kilometres north east of the Brisbane CBD, and is one of Brisbane’s oldest and most prestigious residential suburbs.

The property is located at 119 Lancaster Road, Ascot QLD 4007, being situated on the south eastern corner of Lancaster & Alexandra Roads.

Surrounding development within the immediate locality predominantly comprises high quality residential dwellings, with the subject in conjunction with the adjoining property forming a character retail strip shop bounded by Alexandra Road, Lancaster Road and Abbott Street.

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Property Overview

Annexures

Offers to Purchase

Information Memorandum

The information and figures contained in this report have been provided to us by the following sources. The Parties (as defined in the Disclaimer) have not independently checked any of the information. The Parties make no comment on and give no warranty as to the accuracy of the information contained in this report which does not constitute all or any part of any offer or contract. Prospective purchasers must rely on their own enquiries. Zoning and land areas details are as provided by PDS Live and Local Municipal Councils and are subject to confirmation.

Page

Content

Source

Page 3Property OverviewBrisbane City Council / RPData
Page 8Floor PlanPrime Pixels
Page 11Location ProfileRay White
Page 12Location FeaturesGoogle Maps
Page 13Amenities MapWhereis.com.au
Annexure APhotographyPrime Pixels
Annexure BOffers to Purchase FormRay White Special Projects (Qld)
Annexure CTitle SearchDepartment of Natural Resources and Mines
Annexure DSurvey PlanDepartment of Natural Resources and Mines
Annexure ESmart MapDepartment of Natural Resources and Mines
Annexure FVanilla Pod LeaseSeller
Annexure GProposed Lease – Alma Clarke Real EstateBiggs Fitzgerald Pike Solicitors
Annexure HInsurance Policy (Retail / Commercial)Steadfast NSG
Annexure IInsurance Policy (Residential house)Steadfast NSG
Annexure JRates NoticeBrisbane City Council
Annexure KUrban Utilities NoticeUrban Utilities

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119 Lancaster Rd and 7 Alexandra Road Ascot QLD 4007 AUS
-27.430366 153.058321