Address available on request

This traditional 6 pack of units in the heart of Chermside is fully tenanted and returning $80,000 pa in rent, with scope to improve the building and yield.

The complex consists of 4 x 1 bedroom, 1 x 2 bedroom and 1 x 3 bedroom unit, each with a single lockup garage. Many of the units have long term tenants that would like to continue their lease which offers you income stability. Ideal for the long term passive investor or SMSF buyer, knowing that not only are you getting good cash-flow from your investment but you are holding the perfect block of land with great future potential to increase your return. These blocks are becoming rare and not very often does an entire complex become available.

As well as a good secure return, the complex sits on a 810m2 high density multi-purpose zoning block which would give the advantage of a much larger development now or in the future with up to 6 storey development of commercial and residential, all within a stone throw of Westfield Chermside shopping.

For more details call Graham Carter on 0411 222 666

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