15 Buruda Street, Chermside QLD 4032

Perfectly positioned in the Heart of Chermside, this level elevated 607m2 block of land has amazing future potential. LMR sites, which are ideal for boutique unit and townhouse developments (STCA) rarely become available these days, and are becoming as rare as hen's teeth; you will have to move fast with this one it will be sold!

Currently occupying the site, is a neat 3 bedroom lowset brick post-war home, which could easily be rented out as is, or alternatively would be an ideal property to renovate, live in and take advantage of the unbeatable location the property is situated in.

Priced for an immediate sale, early inspections and enquiries are strongly recommended.

SUBURB PROFILE:
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