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
- Body corp - approx $1900 per quarter
- Council rates - approx $480 per quarter
- Balance of sinking fund - $345,000
- Fixed Term Agreement in place - $3170 per month for 5 years
- Current rental yield – approx 6%
- No vacancy, letting, re-letting, marketing fees
- On-site management handles all cleaning and maintenance, providing effortless ownership - part of a secure hotel chain
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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 7,631 properties. Over the last 5 years, Houses in Chermside have seen a 60.28% increase in median value, while Units have seen a 75.10% increase. As at 30 November 2024:

  • The median value for Houses in Chermside is $944,820 while the median value for Units is $659,873.
  • Houses have a median rent of $595 while Units have a median rent of $588.
There are currently 60 properties listed for sale, and 39 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 400 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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