Position perfect in central Chermside, this large 2,074m2 development opportunity has recently been rezoned to Medium Density Residential (MR).

There is a current DA for 60 & 62 Ethel Street with the opportunity to redevelop to the bigger site (STCA) for the astute developer/builder.

Currently consisting of three blocks with house and land (607m2 + 607m2 + 860m2) each block currently has a house being rented with a combined rental income of $1,230 per week.

Located within walking distance to everything Chermside has to offer makes this an opportunity one not to be missed.

All medium and large size developers / builders call Nick today to arrange your private inspection and copy of plans.

The Chermside area is one of Brisbane’s most popular suburbs with excellent facilities including the two hospitals, The Prince Charles and Holy Spirit Northside. The new and improving north side’s popular shopping centre, Westfield Chermside with its bus terminus, Myer and David Jones department stores and many speciality shops, restaurants, megaplex picture cinemas. Other business include Australian taxation office and the close proximity of Brisbane’s domestic and international airports are major employers for the area.

Located about a 12km 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.