FOR SALE
$650k+

3/541 Rode Road
Chermside QLD 4032

Bedrooms: 3
Bathrooms: 3
Car spaces: 1
Floor area: 158m2
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GUARANTEED $856/WEEK, GROSS RETURN $44,512/ANNUM MINIMUM 5 YEARS

High Performing Investment Next to Hospitals within Sleek & Stylish Hotel
Positioned in the vibrant hub of Chermside just 200m from the Holy Spirit and Prince Charles Hospitals, this generously proportioned 158sqm property promises a secure and lucrative investment. Part of the hotel ‘Essence’, a stunning apartment complex, the residence offers guaranteed rental returns of $856/week until August 2029 and beyond. Boasting one of the largest floorplans available in the building 3Bed, 3Bath (dual key configuration). Comprising three bedrooms each with their own bathrooms (including a separate studio with a kitchen), the sleek residence enjoys access to complex amenities including a guest lounge, BBQ alfresco terrace, meeting room, secure carpark, lift access and reception, manned from 7am to 8pm each day. Whilst the property has been strategically positioned next to the hospitals, it also offers proximity to public transport, Chermside Shopping Centre, CBD and access to major arterials to the Gold Coast, Sunshine Coast and Brisbane Airport.
Elegant and stylishly decorated throughout, the property is fully furnished and centered around the open plan living and dining areas, complete with timber floors, study nook and hidden laundry. This space is serviced by the functional kitchen, complete with stone benchtops, dishwasher and gas cooking. The living areas flow out to the spacious main balcony where there is plenty of room for al fresco dining and relaxing, privatised by the surrounding greenery. The two bedrooms off the living areas contain built-in wardrobes and access to the second balcony through sliding glass doors, each with private ensuites that host glass walk-in showers. The studio includes its’ own kitchen, large bathroom and wardrobe, also opening out to the main balcony. The property is air-conditioned throughout, with quality fixtures and furnishings to create a comfortable yet modern space, inclusive of a single space in the complex carpark.
Currently rented at $856 per week until August 2029 (plus a CPI increase to the rent each year in January), this is a perfect set-and-forget investment, with guaranteed rental income and positive returns. Popular with hospital visitors both long and short term, corporate quests and those who travel to-and-from Brisbane regularly, this is a unique opportunity to secure a historically high-performing investment with consistently low vacancy rates based on its’ location and proximity to the hospitals. The layout of the ample 158sqm floorplan with private bathrooms and balconies further solidifies this a premium opportunity, offering a suave and stylish residence within a conveniently positioned and serviced hotel.
Summary Features Include:
• Part of hotel ‘Essence’ 200m from Holy Spirit & Prince Charles Hospital offering short term accommodation - one of the largest floorplans available in the building
• Comprising 3 x bedrooms with their own bathrooms (inc. separate studio with kitchen) 158sqm
• Complex amenities inc. guest lounge, BBQ alfresco terrace, meeting room, secure carpark, lift access & reception (manned from 7am to 8pm each day)
• Proximity to public transport, Chermside Shopping Centre, CBD & access to major arterials to the Gold Coast, Sunshine Coast & Brisbane Airport
• Stylish property centred around open plan living/dining areas, complete with timber floors, study nook & hidden laundry
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Property Details for 3/541 Rode Rd, Chermside

3/541 Rode Rd, Chermside is a 3 bedroom, 3 bathroom Apartment with 1 parking spaces. The property has a floor size of 158m2. The place is currently for sale with Dean Property Team.

Building Type
Apartment
Floor Size
158m2

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About Chermside 4032

The size of Chermside is approximately 4 square kilometres. It has 10 parks covering nearly 23.6% of total area. The population of Chermside in 2011 was 8,170 people. By 2016 the population was 9,313 showing a population growth of 14.0% in the area during that time. The predominant age group in Chermside is 20-29 years. Households in Chermside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Chermside work in a professional occupation. In 2011, 34.7% of the homes in Chermside were owner-occupied compared with 31.5% in 2016.

Chermside has 7,568 properties. Over the last 5 years, Houses in Chermside have seen a 67.02% increase in median value, while Units have seen a 69.21% increase. As at 31 October 2024:

  • The median value for Houses in Chermside is $977,450 while the median value for Units is $644,417.
  • Houses have a median rent of $590 while Units have a median rent of $580.
There are currently 59 properties listed for sale, and 41 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 404 properties were sold in the past 12 months in Chermside.

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Elliott Dean
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.