A rare chance to acquire an entire complex of three individually titled townhouses on a 577sqm parcel in the high-demand heart of Chermside. This blue-chip investment delivers strong holding income and exceptional potential to renovate, add value, and capitalise on both the significant landholding and future growth prospects.
Investment Snapshot:
– 3 x 3 Bed, 2.5 Bath (en-suited), 1 Car townhouses
– Built circa 2003 | Total site: 577sqm
– Individually titled – no external body corporate
– Current gross return: $76,180 p.a.
– Projected gross return: ~$109,200 p.a.
– 1 x Visitor carpark
– Elevated North-South facing block.
– BCC Rates: $1524 per qtr.
– Water: $1560 per qtr.
– Insurance: $3,435 p.a
Townhouse features:
– Generous private courtyards (40,50 & 56sqm) and open-plan layouts.
– Immaculate original kitchens and bathrooms
– Remote lock-up garages with internal access
– Recently painted throughout
– Large bedrooms all with mirrored wardrobes.
– Master bedrooms are en-suited and have a WIR.
Tenancy Overview:
– Townhouse 1 (Front)
– Lease end date: 22/9/2025
– Potential rental: $700 – $750 per week
– 135sqm title
Townhouse 2 (Back right)
– Lease end date: 5/2/2026
– Potential rental: $700 per week
– 132sqm title
Townhouse 3 (Back left)
– Lease end date: 2/2/2026
– Potential rental: $700 per week
– 131sqm title
Prime Location:
The location offers unparalleled convenience and accessibility. Chermside’s iconic Westfield Shopping Centre is a mere 500 m away, ensuring all your retail needs are easily met. The Prince Charles Hospital is a short 15min walk, providing peace of mind for any medical requirements. Furthermore, Brisbane’s CBD is just 10 km away, and the Brisbane Airport can be reached in approximately 15 minutes by car.
This is a strategic acquisition opportunity offering immediate income with long-term upside-ideal for syndicates, SMSFs, or portfolio expansion.
Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Burton & Ryan Property Agents will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.
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