Land for Sale

692 Gympie Road Chermside, QLD 4032

$2,200,000Play Video
  • Land: 966m² (0.24 acres)

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Land for Sale in Chermside

Chermside Freehold Investment - 966m² Zoned MU2

  • Land: 966m² (0.24 acres)

Prime 966m2 MU2 (Mixed Use - Centre Frame) Commercial Site with Gympie Road Frontage
for sale, in a prominent Chermside Position.

> 966m2 Zoned MU2 on 2 lots - Mixed Use Centre Frame
> 4 leased shops with a floor area totalling approximately 456m2
> Gross annual return: $151,173 p/annum (approx.)
> Gross monthly return: $12,597 p/month (approx.)
> Approximately 13 car parks (2 under cover)
> Strong Returns for Investors
> Outbound position (from CBD)
> Around 50,000 vehicles passing the site per day

B.C.C Rates: $3650.25 per quarter (Exc. Water)


Centre Frame (source: BCC):
Balance of residential and commercial uses with a more diverse range of activities within the centre. Mixed use buildings with commercial activity on the ground floor (e.g. coffee shop or shop) and upper levels of office and residential uses.

Located about 10km 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. Source: REIQ


966m² / 0.24 acres



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