Located just walking distance to Westfield's Chermside, this corner site, across 2 properties has potential for a large scale development (STCA) with a mix of commercial and residential apartments in the MP2 zoning that allow up to 10 storeys, with the opportunity to take advantage of city views, on the upper levels.
The site has the advantage of a bus stop at the front door with a fantastic opportunity to support our aging population to design a complex for the needs of our seniors with views across Burnie Brae park and the over 55s club directly opposite.
This 1124m2 site offers multiple options over the type of development that can be constructed. With its ideal proximity to key services and infrastructure including, Hospitals, Schools, shops, transport and the ever expanding Chermside Shopping centre with its entertainment district.
The two existing homes, located on the corner of Kuran & Kingsmill Street, are in very good condition and would lease for approx. $1,500 per week, to land bank for a future development or investor looking for great location and future capital gains, plus an attractive yield.
Call Graham Carter on 0411 222 666 for more information.
