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ALMOST 1200m2 OF HIGH DENSITY MULTI-PURPOSE LAND

Chermside, QLD 4032

6 beds 4 baths 7 cars 1,124sqm
House

For Sale

person
Graham Carter
Property Description
CORNER OF KINGSMILL STREET and KURAN STREET.

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
The seller has opted not to publicly reveal the address of this property for sale. Please contact Graham Carter from Ray White Chermside for more details.
Features
Highlight Feature: Air Conditioning, Built-in Wardrobes, Close to Schools, Close to Transport, Close to Shops
Land Area: 1,124sqm
Parking: 7 cars
Inspection Times

There are no upcoming inspections or auctions scheduled. Email Agent to make an appointment.

Comparable Sales
$1,122,623 *adjusted price Sold Aug 12, 2016
Sold Aug 12, 2016
45 Minore Street, Chermside 4032
4Beds 3Baths 2Car 714sqm
$1,170,858 *adjusted price Sold Dec 14, 2016
Sold Dec 14, 2016
79 Kuran Street, Chermside 4032
4Beds 3Baths 2Car 588sqm
$1,603,263 *adjusted price Sold Jun 27, 2016
Sold Jun 27, 2016
28 Curwen Terrace, Chermside 4032
4Beds 2Baths 2Car 679sqm
How much can I borrow?
$
%
$2245.22 /month
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SA1 - 3102816 Meet the Neighbours near this property

The statistics below relate to the 200 addresses nearest to this property and compares this neighbourhood to the rest of the suburb.

$3,093
Monthly Personal Income
$4,568
Monthly Household Income
$2,100
Monthly Mortgage Repayments
The average age is 28
Majority are Couples without children
Most residents Renting
Weekly Income
Pocket
Chermside
Employed as Retail trade
Retail trade
Health care and social assistance
Accommodation and food services
Public administration and safety
Professional scientific and technical services
Pocket Profile
Ask Graham about this address
person
Graham Carter
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