HUGE PRICE REDUCTION DOWN TO $1.8M
MIXED USE LAND IN CHERMSIDE ‘CBD’ LOCATION
Huge Development Uplift
Michael Giraldo from Giraldo Property is proud to present exclusively to the market this cracking investment / development opportunity to buy a 2 x post war dwellings producing circa $36,660 income per annum with an opportunity to capitalise on the 1,485sqm of Mixed Use land now or in the future. The vendors are committed to their next venture and are ready to meet the market.
Site Specific
The site area totals 1,485sqm with approx. 38.5m frontage to Latham St and a depth of 38.9m. There is significant development uplift on a parcel of land of this size and with mixed use zoning, MU2 12 Storey, so close to high order transport and Westfield Chermside commercial precinct. The Chermside neighbourhood plan identifies the location of the mixed use precinct as a strategic location adjacent to two major employment hubs and busway station.
Zoning
Mixed Use MU2 directly adjoins the Gympie Rd sub precinct, 15 Storey, to the East.
Within the Chermside Centre Activity Precinct, Mixed Use sub precinct of the Chermside Centre Neighbourhood Plan
Zoning and precinct allow up to 12 Storeys and 300% GFA, equalling 7,125sqm, subject to BCC approval. Importantly, for our southern developers, GFA is not treated as FSR down in NSW. Call to discuss this distinction.
Key Highlights
- Central "Chermside CBD" location, everything on your doorstep
- 2 dwelling houses with income allowing investor developer to land bank
- Huge development uplift with zoning
- Walkscore 95 out of 100 Walker's Paradise, daily errands do not require a car
Capitalise on the new $355M redevelopment of Westfield Chermside giving us 95 new retailers, 12 new restaurants and 13 new street food style vendors.
Close to major Hospital precinct of Brisbane with quick and easy connection to Gympie Road
Local Area
Chermside is identified as a Principal Regional Activity Centre 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.
150m to Westfield Chermside Shopping Centre and bus interchange, express to CBD
200m to John Patterson Park
500m Newly constructed Chermside Library and North Regional Business Centre
600m to Holy Spirit and Prince Charles Hospitals and Burnie Brae Park
700m Marchant Park and Seventh Brigade Park
Quick access to tunnel; airport link, Kedron entrance 5 min drive
All dimensions and measurements are approximate.
Savvy developers / investors are back out in the marketplace seeking development opportunities, don’t miss out on this one! Contact Michael Giraldo to discuss this opportunity and see how Giraldo Property can assist you to realise your potential.
Remember to mention you found this property on DevelopmentReady
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