House for Sale
Prime Elevated Development Location
Property ID 1519436The site offers over 1200m2 of high density multi purpose zoned land, with the opportunity for a large scale development of 50 plus units (STCA) (potentially under $40k per unit cost), or a mix of residential and commercial, and take advantage of this ideal location in the heart of the Chermside active precinct. Under the current local plan with a potential for 12 storey and 300% plot ratio, these sites are becoming very hard to secure, due to the popularity and growth of the suburb.
With its ideal proximity to key services and infrastructure including, Transport, Hospitals, Schools, shops, and the ever expanding Chermside Shopping centre less than 250m away, the location is second-to-none.
There are also two existing 3 bedroom postwar properties located on the site, if you choose to land bank for future development.
Call Graham Carter on 0411 222 666 for details
Located about 10km north of the Brisbane CBD, Chermside is a well-established Brisbane suburb and is known for several local landmarks including the Prince Charles and Holy Spirit Northside Private Hospitals, Westfield Chermside and the very popular Kedron-Wavell Services club. While the suburb still has many weatherboard homes constructed during the 1950s and 1960s, many higher density developments have been constructed in recent years.
Unit and townhouse sales now make up over 60 per cent of residential sales in the suburb each year. Chermside residents have witnessed a renewal phase in the suburb's lifecycle assisted by the development of retail shopping facilities along Gympie Road and the relocation of the Australian Taxation Office as well as the development of the Northern Busway.
Westfield Chermside, the largest suburban shopping centre in Queensland, is the major retail anchor for all the surrounding suburbs and is the location of a major Busway station. With the development of the Northern Busway, Chermside is set to become Brisbane's next satellite city.
Residents are well serviced by a variety of restaurants, retail businesses and leisure facilities such as the Chermside aquatic centre and a number of schools. Investor activity is high in the area with a high proportion of rental dwellings in the suburb and healthy rental yields. 2007 and 2009 in particular saw higher than usual sales numbers in the unit market with the release of a number of new developments. Source: REIQ
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.