Site area: 1,224m2 5 Parkhill St: 607m2 and 7 Parkhill St: 617m2 This site is comprised of 2 blocks – 5 and 7 Parkhill Street both with immaculate post war dwellings, currently cared for by their long term owners. The development potential is ripe and ready to be realised by the astute developer plus opportunity for holding income – see key facts below. – 8km north of Brisbane CBD – Hospital precinct with quick and easy connection to Gympie Road and Westfield Chermside – Zoning: Medium Density Residential (MR)- Within the Residential South precinct of the Chermside Neighbourhood Plan – Allows up to 6 storeys * Subject to BCC approvalLOCAL AREA Chermside is identified as a Principal Regional Activity Centre (PRAC) of Brisbane – one of only 4. A PRAC is of regional significance and is accessible by high quality public transport and serves as a focal point for employment, administration, cultural, entertainment, retail and service activities. – Walking distance to all amenities, walkscore of 89/100: https://www.walkscore.com/score/5-parkhill-st-chermside-qld-australia – 100m to ALDI – 150m from Church and Chermside Bowls Club – 300m bus stop to Brisbane CBD, 334 Chermside – City via Kedron – 400m to John Patterson Park – 500m to Holy Spirit and Prince Charles Hospitals and Burnie Brae Park – 700m to Westfield Chermside Shopping Centre and bus interchange (express to CBD) – 900m Marchant Park and Seventh Brigade Park – Quick access to tunnel – airport link (Kedron entrance 5 min drive) CHERMSIDE SUBURB PROFILE 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. *Source: Chermside Neighbourhood Plan and REIQ* Photos taken from end of street