DRASTIC PRICE REDUCTION OF $560,000 now priced at $2,690,000.
Finance at 4% per annum interest available for approved applicants. Contact Peter Longhurst email firstname.lastname@example.org for details.
When location is everything, locating the best site is everything when only the best should do.
46 - 54 Gallagher Terrace, Kedron QLD 4031
Brisbane City Council Development Approval for 48 two bedroom apartments and one only one bedroom apartment and is suitable for new investment property.
Situated in an elevated position on the Northside of Brisbane approx 12 kilometres from the CBD.
The amalgamated site consists of two houses currently returning $1,000 per week in rent.
Kedron is the adjoining suburb next to Chermside. Gallagher Terrace, Kedron has experienced extensive high rise development in the recent past including new investment property.
Latest recorded sales In January 2018 in Chermside have seen sales in excess of $500,0000 for two bedroom apartments.
As a conservative guide developers should consider for feasibility purposes - use average selling price today @ $435,000 for two bedroom apartments.
Property detail are :
Gross Floor Area approved : 4126 m2 (Plot ratio 2.5)
Site Cover : 1100m2 (68% of 1620m2)
No of stories : 6
Private Open Space : 815 m2 (50%)
Communal open space : 243m2 (required 50m2)
Carparks : 68
Chermside, the adjoining suburb - on the other side of Rode Road, has been identified by Brisbane City Council as a Principal Regional Activity Centre, the highest use zoned area in the Council area and one of only four in Brisbane greater area and perfect for new investment property.
Gallagher Terrace is situated away from the Westfield major drive in shopping centre, yet close enough for residents to walk to. Close to the first ALDI supermarket, close to neighborhood parkland and easy stroll to the city bound bus stop. Quick access to the airport link tunnel entrance is 5 minutes drive. A new Coles mini supermarket and Liquorland has recently opened on Gympie Road - approx 500 metres away.
This site is offered with existing home owners as tenants with a three month vacancy notice.
The Council Decision Notice and relevant drawings and documents in regard to Infrastructure Charges and Stormwater management are available from email@example.com phone Peter Longhurst 0408 559 480.
Gallagher Terrace, Kedron adjoins the Chermside area and the suburb profile is appropriate for this site.
CHERMSIDE SUBURB PROFILE
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, suitable for new investment property. 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 investment properties.
*Source: Chermside Neighbourhood Plan and REIQ
A Childcare Centre is planned and approved for the corner of Gallagher Terrace Kedron.
Details here : https://1drv.ms/b/s!At98LCirta09nHkqUodD2clvIkB3