16 & 18 Western Avenue, Chermside QLD 4032

With apartment prices seeing huge capital growth, here is an opportunity to secure this prime elevated development site in the heart of Chermside, is ideally located just a short walk to transport, hospitals and the popular Westfield Shopping Centre, only minutes away.
This 1336m2 site is ideal for a large apartment development complex of around 50 units (STCA) on its High-Density Zoning in the Northern Precinct of Chermside.

With Chermside being earmarked for an increase in population by approximately double over the next 20 years, this provides of positive outlook for astute developers and investors, now and into future; sites of this calibre are becoming harder and harder to acquire.

The current two post war dwellings on the property, would offer a holding income for land banking, which would lease for approximately $1,350 per week.

- Total land size 1336m2 (Approximately)
- 10km to Brisbane CBD (Approximately)
- 15 minutes to Brisbane's domestic & international airports
- Short Walk to Qld's largest Westfield and transport hub
- Walk to 2 major hospitals and other emergency services
- Elevated flood free location in a quiet position
- Potential to build 50 apartments (STCA)
- Existing two homes approx. Rent of $1,350 per week

PHONE GRAHAM CARTER OF RAY WHITE FOR FURTHER DETAILS 0411 222 666

Disclaimer:
This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionally purposes.