FOR SALE
Offers over $499,000

32/541 Rode Road
Chermside QLD 4032

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 84m2
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Approx 6% PLUS High-Yield Investment in Chermside – Set and Forget

An ideal opportunity for investors looking for stable, high-yield returns without the hassle of ongoing management. This dual-unit property on one title is part of a well-maintained hotel chain, ensuring guaranteed rental income of approximately $2,700 per month ($32,000 per annum) with CPI increases. With no vacancy, no letting, re-letting, marketing fees, this is a perfect set-and-forget investment.
- Two units on one title: 1-bed, 1-bath unit with separate living and dining areas + studio apartment with wheelchair access.
- Guaranteed rental income: - current rent: $2,698.12 per month / $32,377.44 per year, with a guaranteed CPI per annum
- Fixed Term Agreement in place until April 2025, ensuring stable returns
- Current rental yield – approx 6.48%
- Flexible options to discuss a 2% rent increase starting August, further boosting yield
- No vacancy, letting, re-letting, marketing fees
- On-site management handles all cleaning and maintenance, providing effortless ownership - part of a secure hotel chain
Located in the thriving suburb of Chermside, this property is surrounded by amenities such as Westfield Chermside Shopping Centre, public transport, parks, and a variety of dining options. The Prince Charles and St. Vincent’s hospitals are just minutes away, making it a strategic choice for medical professionals or anyone seeking convenient, urban living.
This investment is perfect for busy professionals, seasoned investors, or executives seeking hassle-free rental income streams. The proximity to hospitals also makes it an attractive option for doctors, nurses, and health workers looking for long-term accommodation solutions.
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Property Details for 32/541 Rode Rd, Chermside

32/541 Rode Rd, Chermside is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 84m2. The place is currently for sale with PLUM PROPERTY PTY LTD.

Building Type
Unit
Land Size
84m2

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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 7,573 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 65 properties listed for sale, and 41 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 409 properties were sold in the past 12 months in Chermside.

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Mervyn Chen
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Wendy Seccombe
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