11 Kelso St, Chermside is a 5 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 610m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 5 bedroom BlockOfUnits sold in Chermside in the last 12 months.
Act fast to secure this incredible investment opportunity, which comprises a two storey block of units, positioned on a 610sqm lot with MU2 - Mixed Use zoning. The complex features 3 units (1 x 3 bedroom & 2 x 1 bedroom) all separately leased to individual tenants providing a total gross rent of approximately $59,020 per annum.
Unit 1 is on the upper level and includes 3 bedrooms, 1 bathroom. It has long term tenants paying $425 per week until April 2024. This is a large tenancy that would always be easy to rent.
Units 2 and 3 are positioned on the ground level and feature 1 bedroom, 1 bathroom, a living room, meals area and kitchen. They are both neat and tidy and appeal to singles or couples seeking an affordable rental option in an ultra-convenient location. Unit 2 is leased for $350 per week until May 2024 and Unit 3 is leased for $360 per week until June 2024.
This convenient pocket of Chermside closely adjoins the Prince Charles and St Vincent Hospital precinct and is positioned just 9km from the Brisbane CBD. The apartment is within 5 minutes walk of Westfield Chermside Shopping Centre. The Westfield Chermside Shopping Centre now provides arguably the best shopping, cinema and restaurant precinct in Brisbane. Being a family friendly location, there are a variety of excellent private and public schools within a short proximity of the complex. Reliable bus transport is available within walking distance and the Airportlink M7 tunnels are located 10 minutes away and provide a direct link to the Airport, City Fringe and Brisbane southside.
Key Features:
- A solid block of brick flats with a concrete floor between upper and lower level. The complex includes 3 individually rented units, providing an approximate annual gross rent of $59,020.
- All 3 units are fully leased (long leases) and present to a neat and tidy standard. The desirable location, decent internal proportions and clean presentation will make them extremely easy to rerent when required going forward
- Each unit includes a covered car space positioned at the rear of the site
- The units are not strata titled and there are no body corporate fees
Quick Facts:
- Land size 610m2
- Gross Annual Rent $59,020 approx.
- School Catchments - Craigslea State School & Craigslea State High School
- Council Rates are $1,386.85/Qtr and Water and Sewerage are $929.07.
For further information or to arrange your inspection, please contact DANIEL WATERS.
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 7,616 properties. Over the last 5 years, Houses in Chermside have seen a 76.31% increase in median value, while Units have seen a 61.78% increase. As at 31 July 2024:
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