Located within walking distance of Westfield Chermside, this corner site (2 properties) has potential for a large scale development (STCA), with a mix of commercial and residential apartments in the MP2 zoning, which allows up to 12 storeys (source: Bcc), with the opportunity to take advantage of city views. The site has the advantage of a bus stop at the front door, and offers a fantastic opportunity to support our aging population, to design a complex for the needs of our seniors with views across Burnie Brae park and the over 55's club directly opposite.
This 1124m2 site offers multiple options with the type of developments that can be constructed. With its ideal proximity to key services and infrastructure including, Hospitals, Schools, shops, transport and the ever expanding Chermside Shopping centre and its popular entertainment and restaurant district.
There are also two modern homes located on the site which would bring a good return to land bank for a future development.
Call Graham Carter on 0411 222 666 for details
SUBURB PROFILE: 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