Commercial site for sale in prominent Chermside Position.
1712m2 Zoned MU2 Mixed Use
3 Lots with separate titles
2 shops with leases in place occupying the site
Gross annual return: $145,639 p/annum
Gross monthly return: $12,136 p/month
Approximately 20 car parks
Shop 1: Lease end 31st March 2018
Shop 2: Lease end 13th November 2016
Strong Returns for Investors
Outbound position (from CBD)
2-street access (Gympie Road and Hamilton Road)
Around 50,000 vehicles passing the site per day

B.C.C Rates:
463 Hamilton (589m2) – $600.43 per quarter
844 Gympie (526m2) – $1983.23 per quarter
842 Gympie (597m2) – $2009.31 per quarter

SUBURB PROFILE:
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