Substantial Dual-Living Residence with a Development Upside and a Great Income!

900m2 Site – DA in Place for 14 x 2 Bedroom Apartments. This prime site offers an array of possibilities; develop now or in the future, take advantage of the large dual living residence and rent out or convert into a home business setup, or simply move in and hold onto the property, with the 4 year approval in place.

*Building & Development Approval for 14 x 2 Bedroom 2 Bathroom Units.

*Positioned in a quiet cul-de-sac in the heart of Chermside

*Approved unit sizes varying from 77-88m2

*Large balconies with views

*Communal lift in building

*Ensuited master bedrooms

*Open plan meals and living areas

*Most bedrooms with direct balcony access

*Priced to meet the market.

*Currently occupying the site is a large 3 bedroom home with a dual living style setup:

3/4 bedrooms

Kitchens on both levels

Living areas on both levels

4 bathrooms

Currently tenanted 

Please phone exclusive marketing agent Brian McGrath for a full set of the approved building plans 0418 785 044.

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

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