23 Hall Street, Chermside QLD 4032

This centrally located post war property is in the heart of the Chermside Activity Precinct, and an opportunity exists for a development project (STCA). Alternatively, the site would be ideal to simply land bank for the future, as land becomes scarce in this development hot spot.

The existing property is currently rented, and would suit an investor who can see the potential of the Chermside property market, with the supply of development sites drying up as the recent apartment boom is taking up many of the old homes in the suburb.

For more details call Graham Carter 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.

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