Impressively located on a generous and elevated allotment in Taringa this charming Queenslander represents a significant opportunity to renovate, extend or subdivide and maximise the 1,010m2 site with a luxury home or boutique development (STCA). Behind a 20m frontage, the residence offers all the classic features you would hope for, high ceilings, VJ walls and ceilings, and timber fretwork and floors, currently a blank canvas ready to be restored to its former glory. The position is unbeatable, elevated in the street, walking distance to the Taringa train station, a short distance from premier schooling and shopping, and surrounded by quality homes. This home truly is a rare find and an incredible opportunity for one lucky buyer. A highlight of the features include: • Three bedrooms, sunroom, sleepout and living area • Laundry and storage underneath the home • 1,010m2 allotment over two lots • Zoning: RESIDENTIAL B R2 • Standalone single garage • Front verandah • VJ walls and high ceilings • NBN broadband available • 2 water tanks • Rental estimate $450 - $500 / week • Council rates $3,487 / annually Location: • 350m Taringa Station • 850m to Indooroopilly State High School (Year 7 – 12 Catchment) • 1.4km to Indooroopilly Shopping Centre • 1.6km to Toowong Village • 1.8km to Ironside State School (Prep to Year 6 Catchment) • 2.7km to The University of Queensland • 6.3km to Brisbane CBD