15 Buruda Street
Chermside, QLD 4032

Overview

FANTASTIC INVESTMENT WITH DEVELOPMENT POTENTIAL

This property features a fully renovated post-war home that has been modernized in recent years to offer comfortable and contemporary living. The residence boasts an open plan layout, enhanced by modern fixtures and fittings throughout the interior. Air-conditioning is installed in both the living room and the main bedroom, ensuring comfort year-round. The kitchen and bathrooms have been updated with new, stylish fittings to meet modern standards.

Situated on a flat 607 square meter block with approximately 15 meters of frontage, the property presents an excellent opportunity for land banking or future development. The location in central Chermside is highly sought after, making it attractive to tenants and investors alike. Currently, the home is leased and generates a healthy rental income, providing immediate returns while holding potential for future growth.

The property is ideally suited for development into apartments or townhouses, as it is located within a Low-Medium Density Residential (LMR) zone. Such properties are increasingly rare in the area, and there is potential for rezoning to High Density in the future, which would allow for increased building levels subject to council approval.

Key features of the property include:

• A flat 607 square meter block with approximately 15 meters frontage
• Less than 10 kilometers from Brisbane's Central Business District
• Walking distance to the major Westfield Shopping precinct
• Close proximity to express city bus services
• Flood-free and flat land
• Existing brick and tile post-war home with three bedrooms
• Polished timber floors throughout
• Large covered patio area at the rear of the home
• Currently leased, providing steady rental income
• Modern kitchen and bathroom renovations
• Air-conditioning in living areas and master bedroom
• Leased at $650 per week

This property represents a rare and valuable investment opportunity in a prime location. Early enquiries are recommended to avoid missing out on this chance to secure a property with both immediate income and significant development potential.

Location