CHERMSIDE - 35 UNITS DA APPROVED
Outstanding and unique development, approved use is for short term accommodation the site is close to Prince Charles Hospital.
It has been designed to support the hospital visitors for a short stay and hospital Nurses for rentals.
The approval is over two blocks of land of 1,280m2 in size and it is for 35 units, 23 x 1 and 12 x 2,
The site has easy access to the 2 hospitals and we believe this is a good development site and if retained good income producing business.
Improvements are 5 existing brick units (4 x 1brm + 1 x 2brm) plus a house and current rental is $101,400 pa.