102/40 Playfield StreetChermside QLD 4032
Property Details for 102/40 Playfield St, Chermside
102/40 Playfield St, Chermside is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2009. The property has a land size of 89m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Chermside in the last 12 months.
Last Listing description (April 2024)
AGENT ONSITE FOR VIEWING Monday, 22 April, 12.15pm to 12.45pm
2 BED, 2 BATH + BALCONY + CARPARK.
$448,000
Carpet and Paint Just Completed.
Quest Chermside on Playfield is located in the heart of Chermside and is just minutes north of Brisbanes CBD, and only 15 minutes from Brisbanes Domestic and International Airport terminals. A short walk to Westfield Chermside and within driving distance to Suncorp Stadium, Enoggera Army Barracks and Brisbane Showgrounds.
Only 9 years old, this 2 bedroom front facing apartment has spacious open plan living zones, large terrace balcony and an allocated exclusive use carpark.
4% annual increases to the rent until 2025.
Situated only a short drive from "River City" Brisbane, and its array of major attractions including cruises, riverfront dining, galleries, shopping precincts, markets, cafes and bars.
Large 2 bedroom lot boasting 78m2 internal living, and 11m2 entertainers front facing terrace/ balcony.
Full ensuite to master, family and meals area and fully equipped kitchen with dishwasher, wall oven and hotplate.
7 years old, the apartment includes an allocated registered exclusive use carpark.
OWNER HAS JUST PAID FOR ALL NEW CARPET AND PAINT
Lease Details:
Current Rent: $538 per week - $28,008 pa
Current Return: 6.25% Gross - 5.39% - Net
Scheduled rent increases as follows:
Nov 2024 + 4% - $559 pw = 6.49% Gross
Market review - 2025
Nov 2026 + 4%
Nov 2027 + 4%
Nov 2028 + 4%
Nov 2029 + 4%
Market review - 2030
Terms: Lease to 16/11/2030 plus 2 x 5 Year options
Rent Increases:
4% increases p.a with market rent reviews every 5 years
(next due 2025)
*** PLEASE NOTE***
Gross and Net yields noted do not include capital refurbishments or government taxes
Approximate Owner Outgoings:
Council Rates: $1800 per annum
Water Rates: $ 750 per annum
OC Sinking Fund: $ 1300 per annum
Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.
Property History for 102/40 Playfield St, Chermside, QLD 4032
- 18 Jul 2024Sold for $445,000
- 19 Apr 2024Listed for Sale Not Disclosed
- 29 May 2015Sold for $450,000
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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.
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