Residential Land for Sale
Over 1200m² of High Density Multi-Purpose Land
Property ID 1622663This 1214m2 site offers multiple options with the type of development that can be constructed. With its ideal proximity to key services and infrastructure including, Transport, Hospitals, Schools, shops, and the ever expanding Chermside Shopping centre and its entertainment district.
Located very close to Westfield Chermside, these two properties have potential for a large scale development of 45+ units (STCA), with the MP2 zoning which allows up to 12 storeys and a mix of commercial & residential apartments. The site is also zoned for part commercial which would give this site an additional benefit and flexibility for the future pontential project.
There are also two existing properties located on the site, one being a business premises, which would bring a healthy return while land banking for a future development.
PHONE GRAHAM CARTER OF RAY WHITE CHERMSIDE
FOR FURTHER DETAILS ON 0411 222 666.
*This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionally purposes.
Located about a 12km drive 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.