35 Wallace Street

Chermside QLD 4032

- 26 Norman Drive Chermside (607m2, zoned MU2 Mixed Use / Centre Frame / on Active Frontage)
- 28 Norman Drive Chermside (607m2, zoned MU2 Mixed Use / Centre Frame / on Active Frontage)
- 30 Norman Drive Chermside (607m2, zoned MU2 Mixed Use / Centre Frame / on Active Frontage)

Quite apart from their close proximity to both the Westfield Shopping Centre and the Prince Charles Hospital (which would make them an outstanding address for employees at either facility), the sites lie in what are quite possibly Chermside's two best streets. So, in addition to medium-rise apartment construction, they would also eminently suit an exclusive upmarket townhouse development on any of the 3 configurations being offered. In either case - whether for apartments or townhouses - the largest configuration would provide any redevelopment with the additional amenity of 2-street access.

The less-developed nature of these 2 streets guarantees that significant new structures on these blocks won't visually drown in the manner that now occurs at the other (already saturated) "Playfield Street"-end of Chermside. There is no doubt that their acquisition in any of the available configurations will result in buildings of great bearing and prestige that will be imbued with social and visual prominence in this booming area for many years to come.

Please refer to the images for a graphical depiction of the configurations that are available. A report by Vitality Town Planning (available upon request from Coronis) confirms the following development parameters:

Even the smallest configuration (of 810m2, for the Wallace Street property by itself) has the zoning, area, and frontage (20m+) to technically satisfy BCC requirements for construction up to 6 storeys, with a GFA of up to 150% of the land area, equating to approximately 1215m2 of construction, subject to council approval.

The intermediate-sized configuration (of 1821m2, for the 3 Norman Drive properties together) has the zoning, area, and frontage (45m+) to technically satisfy BCC requirements for construction up to 12 storeys, with a GFA of up to 300% of the land area, equating to approximately 5463m2 of construction, with the advantage of an Active Frontage, subject to council approval.

The largest configuration (of 2631m2, for all 4 properties together) has the zoning, area, and frontage (20m+ & 45m+) to technically satisfy BCC requirements for construction up to 12 storeys, with a GFA of up to 300% of the land area, equating to approximately 7893m2 of construction, with 2-street access and the advantage of an Active Frontage on at least one side of the site, subject to council approval.

Some national market commentators have speculated that any perceived or actual downturn in the Sydney and Melbourne apartment markets could easily translate to a general migration of investment dollars into the still-robust Brisbane market. And for their part, local commentators have deduced that any looming saturation of the inner-Brisbane suburbs could well result in a shift of development perspective to the principal satellite centres (such as Chermside). In either case and regardless of market sentiment, Chermside ticks most of the boxes as far as strategically sound development is concerned. Sitting astride 3 of the northside's busiest roads, the suburb has been identified as one of only 4 Principal Regional Activity Centres in Brisbane, under the Qld State Government's "South East Queensland Regional Plan 2009 to 2031", and is the only one of the four that sits to the north of the CBD, where it alone can fully exploit the ample benefits that Brisbane's northside offers.

But for those who want it all condensed into a single suburb, Chermside has it all anyway:
employment, major shopping, public transport, restaurants, cafes and leisure facilities, public and private hospitals, with several schools only a stone's throw away, and an international airport not much further afield. What a combination, and all within striking distance of the fabulous Sunshine Coast (one of Australia's favourite holiday destinations!)

Notable features of these properties include: (N.B. Distances are approximate only)
- 4 Post War Homes with wide frontages on MU2-zoned sites (3 of which sit on an Active Frontage) that are available for purchase in 3 alternative configurations (1 property / 810m2, 3 properties /1821m2, or 4 properties / 2631m2 offering 2-street access)
- 450m radius to major Westfield Chermside Shopping Centre, Restaurants, and Cinemas.
- 450m radius to the Holy Spirit and Prince Charles Hospitals precinct
- 150m radius to an abundance of strip-type retailers, cafes, doctors, dentists, and other services on Gympie Road
- 300m radius to Aldi
- 250m radius to a CBD-bound bus stop
- 400m radius to a major Bus Interchange
- 550m radius to Chermside Library and BCC North Regional Business Centre
- 350m radius to Chermside Early Education Child Care Centre
- 350m radius to Prince Charles Hospital Early Education Child Care Centre
- 100m radius to John Patterson Park
- 450m radius to Burnie Brae Park and Senior Citizens Centre
- 800m radius to Wavell Heights Primary State School
- 1.2km radius to OLA Catholic Primary School
- 1.3km radius to Craigslea State School
- 1.3km radius to Wavell State High School
- 7.5km radius to Brisbane Airport

Undeveloped bundles of house sites of the important threshold size of this package (i.e. Greater than 1200m2) within the Brisbane City Council' s Chermside Neighbourhood Plan Centre Activity Precinct are becoming extremely rare, as most of the previous house sites in the suburb have already been redeveloped into Townhouses and Walk-Up style Unit blocks. So, don't put this one in your "Maybe Next Time!" basket, because this size of site in this calibre of suburb comes along perhaps once in a decade. Can you afford to miss the opportunity this time around...?

Please contact Anthony Hunt from Coronis for further information.

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