804SQM MEDIUM DENSITY SITE RIPE FOR DEVELOPMENT
Michael Giraldo from Giraldo Property is proud to present exclusively to the market, 34 Buruda St, a medium density development opportunity only metres from Burnie Brae Park (c. 4Ha) and moments to Westfield Chermside. This well-located site has everything you need within walking distance. Shops, parks and bus transport at your doorstep. This opportunity will suit an astute investor or developer looking to capitalise on this enviable location. The site is currently improved by a single dwelling house featuring 2 bedrooms + sunroom with a tenant in a fixed term agreement till 28 July 2018 paying $355 p/w.
Walking distance to the newly redeveloped Westfield Chermside, a $355 Million dollar project, adding 95 new retailers, 12 new restaurants and 13 new street food style vendors completed mid 2017. Along with the Westfield, 34 Buruda St is only moments away from the Hospital Precinct and the many parklands spread throughout Chermside.
Development Potential
The property is zoned medium density residential (MDR) and located within the Chermside Neighbourhood Plan area, allowing increased density for primarily residential uses to capitalise on the principal regional activity centre of Chermside. The dwelling is pre ’46 however is afforded no demolition protection due to zoning.
The adjoining block (912sqm) has recently been developed into 25 apartments. A similar sized block (810sqm) within the same locality was approved for 18 apartments, see Council Ref: A003848843. The site is also approx. 50m from Mosaic Property Group’s very successful sold out luxury project ‘Evoke’.
Contact Michael for an initial planning report that outlines further details to the potential for this block.
Locality
The property allows for quick access to the airport link and Clem7 Tunnels (Kedron entrance 5 min drive) and walking distance to all amenities, no car needed.
As defined by walkscore.com, 34 Buruda St is classified as "Very Walkable" with a rating of 88/100 rating - https://www.walkscore.com
- 150m to ‘Chermside Place’ shopping strip includes restaurants, post office, and medical
- 150m to Burnie Brae Park, c. 4Ha of parklands and playground
- 250m to Aldi and other food options (Nando’s, Bombay Bliss, Noodle Box)
- 400m to Wavell Heights Primary School
- 550m to Westfield Chermside Shopping Centre and bus interchange (express to CBD)
- 900m to Holy Spirit and Prince Charles Hospitals
Appetite is strong for boutique well-designed and well-located owner occupier product, capitalise now! Contact Michael Giraldo to discuss this opportunity and see how Giraldo Property can assist you to realise your potential.
All dimensions and measurements are approximate.
