• Great Investment Return - Return rate at 9% with rental income at $250-$260 per week • Great Rental Market - Rent to seniors with long term living potential (both units currently tenanted with stable rental income) • Excellent Location - 1 minute walk to Bus Stops - 2 minute walk to library - 2 minute walk to local RSL club - 5 minute walk to Westfield shopping centre • Great long term development opportunities - Chermside is regarded as the centre of Brisbane North - Located in best location centre of Chermside Excellent location in central Chermside, this neat "over 55's" community is within walking distance to Westfield Chermside, Bus Terminal, Medical Centres and backs onto the Kedron Wavell Services club, public pool and Library. Approximately 45m2 in size, this property represents great value for the astute investor. Features include: *Generous bedroom with built-in wardrobes and ceiling fan *Wheel-chair friendly ensuite/bathroom *Laundry facilities in the bathroom *Open living, meals and kitchenette with as-new carpet and air-conditioning *Balcony off the living area *Common room in the complex *Microwave, bar fridge, washing machine and Air-conditioner included *No work required as beautifully maintained and managed by experienced onsite managers. BODY CORP: $579.92 per quarter View by appointment only. All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. SUBURB PROFILE: Located about 10km north of the Brisbane CBD, Chermside is a well-established Brisbane suburb and is known for several local landmarks including the Prince Charles and Holy Spirit Northside Private Hospitals, Westfield Chermside and the very popular Kedron-Wavell Services club. While the suburb still has many weatherboard homes constructed during the 1950s and 1960s, many higher density developments have been constructed in recent years. Unit and townhouse sales now make up over 60 per cent of residential sales in the suburb each year. Chermside residents have witnessed a renewal phase in the suburb's lifecycle assisted by the development of retail shopping facilities along Gympie Road and the relocation of the Australian Taxation Office as well as the development of the Northern Busway. Westfield Chermside, the largest suburban shopping centre in Queensland, is the major retail anchor for all the surrounding suburbs and is the location of a major Busway station. With the development of the Northern Busway, Chermside is set to become Brisbane's next satellite city. Residents are well serviced by a variety of restaurants, retail businesses and leisure facilities such as the Chermside aquatic centre and a number of schools. Investor activity is high in the area with a high proportion of rental dwellings in the suburb and healthy rental yields. 2007 and 2009 in particular saw higher than usual sales numbers in the unit market with the release of a number of new developments. Source: REIQ