7 Bruce Street,
Chermside, QLD 4032
$1,300,000 excluding GST
Key property information
Map of 7 Bruce Street
900m2 Site - DA in Place for 14 x 2 Bedroom Apartments - Tenanted with an Income!
- Approvals for 14 x 2 Bedroom Units
- Currently tenanted home
- Quiet Cul-de-sac position
*Building & Development Approval for 14 x 2 Bedroom 2 Bathroom Units.
*Positioned in a quiet cul-de-sac in the heart of Chermside
*Approved unit sizes varying from 77-88m2
*Large balconies with views
*Communal lift in building
*Ensuited master bedrooms
*Open plan meals and living areas
*Most bedrooms with direct balcony access
*Priced to meet the market.
*Currently occupying the site is a large 3 bedroom home with a dual living style setup:
> 3/4 bedrooms
> Kitchens on both levels
> Living areas on both levels
> 4 bathrooms
> Currently tenanted
Please phone exclusive marketing agent Brian McGrath for a full set of the approved building plans 0418 785 044.
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. 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
Property ID: 503374726Last Updated: 22 Feb 2020