529 Hamilton Road, Chermside, QLD, 4032

HIGH DENSITY CORNER SITE WITH MULTIPLE DEV OUTCOMES

Contact Owner: 0488 847 018

The Phone Code for this property is: 43620. Please quote this number when phoning or texting.

Prominently located elevated development opportunity in Chermside. Approximately 1950 sqm of prime Chermside high density residential North precinct land over three contiguous lots. A one owner land holding with three leased standalone houses all rented with circa $ 60 k holding income. Potential for city and mountain views in all directions anticipated from the second level and above being located in a desirable elevated position.

Key Highlights:

• Offering potential panoramic stunning views, ranging from Brisbane city sky lights and the bay from the second level and above with mountain views to the west.
• Across the road from the Chermside Hospital precinct (includes Prince Charles Public Hospital, Holy Spirit Private Hospital, Child care centre, and associated allied health services)
• Approx. 400m from Westfield Chermside and Bus Interchange
• High profile corner site
• Desirable zoning with multiple development outcomes (up to 8 storey height)
• 9km north of the Brisbane CBD
• Income from three existing post war dwellings
• One owner landholding.

Capitalise on the new $355M redevelopment of Westfield Chermside with access to 95 new retailers, 12 new restaurants and 13 new street food style vendors. 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.

Site Specific:

This site is comprised of 3 blocks totaling 1,950sqm - all with post war dwellings with a frontage of approx. 48m to Hamilton Road and approx. 36 m to Zenith Ave (plus cnr truncation). See below breakdown of lot sizes:

• 3 Zenith Ave - 625m2 (alt address: 529 Hamilton Rd)
• 5 Zenith Ave - 680m2
• 523 Hamilton Rd - 645m2
• Zoning*

The high density residential zoning envisions development for multiple dwellings as well as rooming accommodation, residential care facilities (aged care/nursing home), retirement facilities, and short term accommodation. Developers proposing aged care and / or retirement facility uses may be eligible for concessions/incentives by the Brisbane City Council.

Local 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. The suburbs importance to Brisbane is solidified with recent significant investment in major projects in the last few years notably, Westield Chermside (redevelopment), Chermside Library and North Regional Business Centre (Brisbane City Council) and the Airport Link tunnel improving access to the suburb.
Location Highlights

• Walkscore: 90/100 - Categorised as a "Walker's Paradise"
• 20m to Holy Spirit and Prince Charles Hospitals precinct (Across Hamilton Rd from subject site)
• 75m to CBD bus stop (Stop ID 003946)
• 160m to Prince Charles Hospital Early Education Centre (Child Care)
• 240m to Beneke St park (6Ha of park) with connection to Seventh Brigade Park (73Ha of park) via Downfall Creek Bikeway
• 400m to Westfield Chermside Shopping Centre and bus interchange, express to CBD
• 790m Newly constructed Chermside Library and North Regional Business Centre
• Quick access to tunnel; airport link, Kedron entrance 5 min drive

Savvy developers / investors are back out in the marketplace and in acquisition mode, don't miss out on this one!

Contact Owner: 0488 847 018

Remember to mention you found this property on DevelopmentReady