This Property is now sold

Auction on site Saturday 26th September 2015 at 11:00am

This fantastic one owner residence built in 1961 is backing onto acres of parkland and is the perfect location for a Unit or Townhouse development project (Subject to Brisbane City Council approval), this site is set on a flat to gentle sloping 617m2 land size with potential to develop now or in the future.

The current owners have enjoyed many years raising their family here and have now purchased a new lowest home.

The property is walking distance to all that Chermside has to offer, including Westfield shopping town, Chermside library, city bus terminus and plenty of speciality shops and restaurants and coffee shops but in a very peaceful location surrounded by acres of parkland and open space.

The kitchen is one any master chef would enjoy while there is the formal lounge and dining area plus extra family room at the rear of the kitchen area great for every day meals or extra living area.

Plenty of storage under including work bench area and builtin laundry.

With a solid highset timber home in good condition this would bring a good return if you choose to sit and hold or develop now and take advantage of the current growth in the market.

For more details call Nick Thornton

SUBURB PROFILE:
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 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.