7 Bruce Street, Chermside QLD 4032

A unique opportunity exists here to purchase a generous 900m2 Medium Density Residential development site, complete with a grand immaculately kept residence which has room for 2 families. Situated in an elevated position, within a quiet cul-de-sac, the property is located in the heart of booming Chermside, handy to everything that the suburb has to offer!
This remarkable property is arguably the best MDR site currently available in Chermside, and offers an array of opportunities for the property enthusiast; develop now (subject to Brisbane City Council Approval), rent out and enjoy the potentially solid returns such a home can offer, occupy the home yourself and take advantage of the potential dual living setup that the property offers the choice is yours!

Features include:
*3 Very generous built-in bedrooms upstairs + big utility room with built-ins downstairs
*9ft High ceilings and stunning polished timber floors throughout upper level
*Designer timber and granite kitchen with quality S/S Miele and Omega appliances, and loads of bench and cupboard space
*Air-conditioned bedrooms
*4 generous sized bathrooms
*Separate lounge and dining areas
*Front and rear verandahs upstairs taking in great breezes from the elevated position
*2 very large downstairs recreational areas, 1 with fully equipped kitchen with granite bench-tops
*Polished timber staircase
*2 laundries (1 up, 1 down)
*Downstairs storage room
*Electric gated entry
*Side access through to 4 single lock-up garages
*Well cared for gardens
*Elevated and super handy location
*Be super quick with this one it will be sold!!

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