11 Mitchell Street
Acacia Ridge, QLD 4110

Overview

11 Mitchell Street, Acacia Ridge

Conveniently located adjacent to the Elizabeth Street Shopping Centre and public transport, this exceptional property offers a unique opportunity within a Low-Medium Density Residential (LMR) zone. The site is set on a substantial 817 square meter allotment with a generous frontage of 16.8 meters, presenting an ideal prospect for investors, developers, or owner-occupiers seeking strong rental returns and significant future growth potential.

The property comprises two separate dwellings, enhancing its versatility and income-generating capacity. The front residence exudes classic character and comfort, featuring polished hardwood floors and high ceilings that create a spacious and inviting atmosphere. It includes four generously sized bedrooms, with built-in wardrobes in two of them, providing ample storage space. A separate dining area adds flexibility to the floor plan and could be easily converted into an additional bedroom if required.

At the rear of the property, there is a separately metered granny flat, which maximizes rental income potential. This self-contained unit includes a fully functional kitchen and a private bathroom, offering comfortable accommodation for tenants or family members.

Additional features of the property include a separate toilet and a large laundry area, enhancing convenience for occupants. Side access with a large concrete pad is perfect for parking a caravan, boat, or extra vehicles, catering to various lifestyle needs. Air-conditioning is installed in both the main living area and the granny flat, ensuring comfort throughout the year.

This property offers incredible flexibility for buyers. It allows for dual rental income from the two separate dwellings, and the zoning permits exploration of two to three-storey mixed-use development options, subject to council approval (STCA). There is also the potential to operate a home-based business, further enhancing the property's appeal.

Overall, this is a rare opportunity to secure a property in a highly convenient location with strong future potential. Its combination of size, dual dwellings, and flexible zoning makes it an attractive proposition for a range of buyers.

Property Features:

• Built-in wardrobes in both bedrooms of the front home
• Separate toilet and large laundry area
• Fully functional kitchen and private bathroom in the granny flat
• Side access with large concrete pad suitable for caravan, boat, or additional vehicles
• 16.8 meter frontage on an 817 square meter block
• Air-conditioning in main living area and granny flat
• Two separate dwellings offering dual income potential
• Flexible zoning allowing for potential two to three-storey development (STCA)
• Opportunity to operate a home-based business
• Highly convenient location next to shopping and public transport

Disclaimer: All information provided is in good faith and sourced from reliable channels; however, accuracy, completeness, and correctness cannot be guaranteed. Measurements, figures, floor plans, images, photographs, and descriptions are indicative only. Photographs may include virtual staging or digital enhancements for illustrative purposes. Interested parties should conduct their own enquiries, inspections, and seek independent legal, financial, and building advice before proceeding.

Location