5 Borrows Street, Russell Island QLD 4184

Set in the heart of Russell Island's town centre, this original 1980s Hardiplank residence offers a unique blend of residential comfort coupled with significant commercial potential. Nestled between wetlands and pine forests, the home's location provides serene natural surroundings while maintaining convenient proximity to bustling local amenities, including the nearby IGA supermarket and ferry terminal, both reachable by a short stroll.

The property occupies a generous, level 625 square metre block with a manicured lawn, established gardens, and ample off-street parking behind a charming picket fence. Vacant adjoining blocks to the north and east, along with the lush rainforest opposite, enhance privacy and contribute to a tranquil atmosphere.

• The residence features two spacious bedrooms with built-in wardrobes and carefully designed cross-flow ventilation through highlight windows, ensuring bright and airy living spaces.
• Its L-shaped open-plan interior retains the nostalgic charm of the 1980s, highlighted by raked ceilings, traditional linoleum floors, and rustic tiled benchtops in both the kitchen and bathroom.
• The large timber kitchen includes a breakfast bar that seamlessly connects to the dining area, enhancing the social functionality of the home.
• Additional practical features include security screen doors, insect screens, a Fujitsu air conditioning unit in the living room, a mudroom-style laundry with ramp access, water tank, paved pathways, and a pergola.
• Storage space is available beneath the house, and the property benefits from up-to-date pest control treatment.

Zoned as SMBI Centre under Redland City Council, this property invites a wide array of uses beyond just a residence. Whether retained as a unique island home, converted for consulting rooms, developed into retail or accommodation spaces, or even expanded for community or hospitality purposes like a restaurant or day spa, its potential is vast.

With limited commercial-zoned land available on Russell Island, this rare offering represents a significant opportunity for entrepreneurs, investors, or owner-occupiers seeking both lifestyle and business avenues. The property's second-time availability since its construction in 1985 makes it a distinctive prospect with a strong heritage and promising future.

Live in the home as-is to enjoy the island lifestyle and evaluate the site's possibilities for future development. The estimated rental income currently stands at $420 to $450 per week, with potential for higher returns from a suitable commercial tenant.