42 Buruda Street, Chermside QLD 4032

First time offered for sale in over 50 years.

An amazing opportunity for the astute developer to buy this 508m2 site here in Chermside.

With a 25.3m frontage and 20.1m depth this site would be ideally suited for a small developer to construct units/townhouses all within walking distance to transport, Westfield Chermside Shopping Centre, Chermside two hospitals, parkland and Burnie Brae seniors centre.

The current home is in original but good condition.

Chermside is located about a 10km 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 shopping town 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 and Clem7 and Airport Link tunnel systems.

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. 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.

Home owners and investor activity is high in the area with a proportion of rental dwellings in the suburb with healthy rental yields and good strong property growth over the years.