Residence with Commercial Opportunity near IGA

This original 2-bedroom 1980s Hardiplank home is wedged between the wetlands and a pine forest. Located in the heart of the town centre, it’s pulsing with retro fittings and offers a perfect opportunity for a home-business, a future commercial opportunity or development.

Step back in time as you enter the level grounds of this sprawling 625m2 block. Beyond the picket fence, there’s ample off-street parking, a manicured lawn, established gardens and the picture-perfect cottage, all set-back from the street.

With vacant blocks to the North and East and the verdant rainforest directly across the road, you’re surrounded by nature and native habitat. It’s hard to believe the IGA is just beyond the bitumen verge and the ferry, an effortless stroll.

Zoned Commercial (or SMBI Centre by Redland City Council), the options to utilise this site are endless:
• Retain the residence as an island home
• Perfect as consulting rooms
• Develop it for shops/accommodation
• Create a community space for our youth
• Incorporate adjoining land to create a restaurant or day-spa. Bliss!

This rare opportunity property is being offered for sale for the second time, since it was built in 1985. It’s been passed-down through the family, who’ve enjoyed many wonderful island holidays until 2023 when the property was first sold, now it’s time for new beginnings.

Mimicking nature, the sage tones of the house and front porch, welcome you into the heart of the living room. Immediately, you’ll be surprised by the raked ceilings, linoleum floors and tiled benchtops—just some of the 80s features you can expect in this museum-quality home.

A typical, L-shaped open-plan living, reflects the style of the era. Your eye traces the soaring ceiling, then rests on the large timber kitchen with a breakfast-bar connecting the dining area. A doorway from the lounge leads to the bathroom and two bedrooms, while the laundry separates the two zones and provides ramp-access to the backyard.

All rooms are flooded with light and the neutral earthy tones are complemented by warm timbers and natural stone tiles. The bathroom has a shub (shower over small tub), wide vanity and toilet. It services the two large bedrooms, both with built-ins, picture windows and highlight windows for good cross-flow ventilation.

A few items to note:
• Feature wood panelling throughout
• Vertical blinds in living (so 80s)
• Rustic tiled benchtops in kitchen & bathroom
• Security screen-doors & insect screens to windows
• Fujitsu air-con in living area
• Mudroom/laundry with rear access
• Water tank
• Paving, pathways & pergola
• Pest treatment up-to-date
• Storage under the house

The home is perfect as-is if want to be living close to town, or could easily be renovated to bring her into the 21st century. Why not live in it today, experience the location, then develop it later?

But, if you’ve been secretly wishing to do something different and just waiting patiently for the right property, don’t even hesitate on this deal. Imagine, the potential benefits you could bring to the community of Russell Island, or the legacy you could leave!

5 Borrows is ripe for change and is limited only by your imagination. With limited commercial-zoned properties, you’ll reap the rewards of this multi-faceted opportunity, while others procrastinated.

Gather your A-team and call Chris McGregor on 0420 555 997, to secure a piece of the SMBI Centre.

Rental Estimate as is $420 – $450 per week, or higher for the right commercial tenant.