Three contiguous allotments forming a 1,215m2 regular shaped corner site zoned “Mixed Use (Centre Frame)”, situated at road height, with a westerly aspect.

The property is also within the Mixed Use 1C Sub-Precinct of the Chermside Centre Neighbourhood Plan. The site is improved with three detached dwellings which are considered to have no added value. The property has approval (granted 30/08/13) for a residential development comprising 55 units (9 x 1 bed & 46 x 2 bed), spread over 9 levels with 2 levels of basement parking.

The property was marketed via an expressions of interest campaign between November and December 2015 closing on 9 December 2015. Throughout the 4 week campaign, a total of 9 enquiries were received however no expressions of interest were made upon the close of the campaign. In addition whilst no formal offers were made two parties did maintain an interest after the close of the campaign with interest circa $30,000 – $35,000/unit.

Sale Analysis*
Method of Sale:Expressions of Interest
Marketing Timeframe:6 Weeks
Campaign Date:November 2015
Total Enquiries:43
Marketing Budget:$12,888.00