33, 35, 37 Latham Street, Chermside QLD 4032

Auction onsite Thursday 28 April 2022 at 11am if not sold prior.

This 1,632m2 property is a MU2 Mixed use (Centre frame) zoned site with 8 level development potential subject to Council approval. This package is the perfect investment for immediate developers or those who want to land bank for the future in a great location.

ZONING & DEVELOPMENT POTENTIAL:
• 1,632m2 total combining 33 Latham Street 820m2 - 35 Latham Street 407m2 - 37 Latham Street 405m2.
• Currently zoned as MU2 Mixed-use (Centre frame) zoned of the Chermside centre
neighbourhood plan.
• Under the current code, properties within the 1,200m2 - 2,500m2 land size, and with a minimum frontage of 30m, can be built up to 8 levels with 200% GFA, subject to council approval.
• These sites are becoming very hard to secure, due to the popularity and growth of the suburb.
• Many successful developments have already been built in the neighbourhood and some more are underway.
• Chermside is fast becoming Brisbanes northern business district with many medical professionals and tax agents and solicitors engaging in the area to be close to the two hospitals and the Australian Tax Office.

LOCATION & FEATURES:
• Investors and Developers take advantage of this ideal location and local infrastructure
• Just a few minutes walk to the Westfield Chermside Shopping Town prescient.
• Just a few minutes walk to The Prince Charles public and St Vincent private Hospitals.
• Land bank or build (STCA) right in the heart of Chermside Residential and Medical precinct.
• Ideal proximity to key services and infrastructure including, transport, hospitals, schools, major and local strip shopping, local restaurants and cafes.
• Just 10 minutes to the Clem7 tunnel system with easy access for the Brisbane City commuter and easy access to the Brisbane domestic and international airports.
• Holding income while you organise your approvals with $51,480 gross per year.

Contact selling agent Nick Thornton 0407 736 046 for a copy of REIQ Contract of Sale, Copy of Titles, Copy of BCC

This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise. Due to relevant legislations, a price guide isn't available for properties being sold without a price or via auction. Websites may filter a property being sold without a price or via auction into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.