FOR SALE
Auction In-Rooms 02 October 2024

824-828 Gympie Road
Chermside QLD 4032

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 375m2
Land area: 465m2
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LANDMARK CORNER INVESTMENT - CHERMSIDE CBD

• Fully leased currently returning $195,902 pa net + o/g + GST
• Multi-tenanted to a healthy mix of long term tenants
• 375sqm Building on a prime 465sqm corner site
• Anchored by Billboard with 20 year lease to 2039
• Premium corner opposite Westfield Chermside
• Future rental growth via annual increases + reviews to market
• Low maintenance & hassle free investment
• Retiring Vendors - 1st time offered for sale in 70 years
For further information or to arrange an inspection, please contact EXCLUSIVE AGENTS Raine and Horne Commercial.
Auction In-Rooms (if not sold prior) Wednesday 2 October 2024 at 11am at Raine & Horne Commercial - 337 Gympie Road, Kedron
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Property Details for 824-828 Gympie Rd, Chermside

Building Type
Commercial
Floor Size
375m2
Land Size
465m2

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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 7,574 properties. Over the last 5 years, Houses in Chermside have seen a 72.58% increase in median value, while Units have seen a 66.96% increase. As at 30 September 2024:

  • The median value for Houses in Chermside is $997,709 while the median value for Units is $638,308.
  • Houses have a median rent of $588 while Units have a median rent of $570.
There are currently 69 properties listed for sale, and 34 properties listed for rent in Chermside on OnTheHouse. According to CoreLogic's data, 411 properties were sold in the past 12 months in Chermside.

Suburb Insights for Chermside 4032

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Trent Bruce
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David Miller
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Raine & Horne Commercial Brisbane North
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Disclaimer
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.