This large, rare parcel of land is on 2 lots and comes complete with an original 3 bedroom post-war home. The property is positioned on the high side of the street, on a gently sloping block with no sewer running through. The 953m2 site is zoned medium density residential and is situated in the heart of Chermside’s southern residential precinct, close to the public and private Hospitals.

This property presents an ideal opportunity for the right buyer to secure and possibly land bank for future development, with a possibility of a holding rental income and negative gearing.

The current zoning allows for a future development of apartments (4-5 Levels) or townhouses (subject to BCC approval); a highly sought-after opportunity which has been taken advantage of by developers in recent years, with several other surrounding properties. With multiple recently established apartment complexes nearby, the area is undergoing a major rejuvenation and a huge population growth and is a location which should not be overlooked by any astute purchaser.

With a Northern aspect and desirable site dimensions (Approximately 22.5m frontage), the design options are endless.

PHONE GRAHAM CARTER OF RAY WHITE CHERMSIDE FOR VIEWINGS AND FURTHER DETAILS ON 0411 222 666.

Disclaimer:
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.