3-5 Zenith Ave and 523 Hamilton Rd, Chermside
Listing Method: FOR SALE BY NEGOTIATION
Property Type: 3 x Post War Dwelling Houses
Status: Development Potential – High Density Residential (HDR2)
Land Size: 1,950sqm (approx.)
HIGH DENSITY CNR SITE WITH MULTIPLE DEV OUTCOMES
Michael Giraldo from Giraldo Property is proud to present exclusively to the market this prominently located development opportunity in Chermside. The amalgamation of three (3) lots are each improved by a dwelling house generating circa $60,000 p/a in rental income.
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, owner has committed elsewhere
Capitalise on the new $355M redevelopment of Westfield Chermside giving us 95 new retailers, 12 new restaurants and 13 new street food style vendors.
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
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.
*Get in touch for a town planning breakdown of this opportunity prepared by Bennett + Bennett.
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.
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 Michael Giraldo to discuss this opportunity and see how Giraldo Property can assist you to realise your potential.
DISCLAIMER: All dimensions and measurements are approximate. All information contained herein is gathered from relevant third-party sources. We cannot guarantee or give any warranty about the information provided. Interested parties must rely solely on their own enquiries.
This property is being sold without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.