405/40 Playfield Street, Chermside, Qld 4032

For Sale

405/40 Playfield Street, Chermside, Qld 4032-Image

405/40 Playfield Street, Chermside, Qld 4032

OFFERS OVER $695K - APPROX 7% YIELD!

Apartment

Type

Bedrooms

Bathrooms

Parkings

89 m²

Area

Published on Monday, May 11, 2026

OFFERS OVER $695K - APPROX 7% YIELD!

Joe Hawes - Real Estate Agent - Brisbane Property Partners

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, dual-key serviced apartment in Chermside offering high-yield passive income, long-term stability, and future growth potential.

🏡 Property Highlights

Secure long-term lease until 2030 with annual rental increases of 4%
Guaranteed income of over $50,000 per annum for the next 2 years plus
Modern, professionally managed dual-key apartment with high occupancy rates
Prime location in the heart of Chermside, close to Westfield and major transport links
Refurbished only 3 years ago with quality finishes and fully furnished
Potential for high long-term capital appreciation

✨ Key Features

2 bedrooms
2 bathrooms
Secure car park
Balcony
Air Conditioning
Fully furnished
Wheelchair accessible
Open-Plan Living
Outdoor Area / Balcony
Open-Plan Living

Suburb and Property Insights of Chermside, QLD 4032

Chermside is a vibrant suburb renowned for its excellent shopping, dining, and entertainment options, with easy access to major transport routes. It offers high rental demand and strong capital growth prospects, making it ideal for property investors. The area features a mix of modern apartments and established homes, supported by excellent amenities and infrastructure. Its proximity to Brisbane CBD and Brisbane Airport enhances its appeal for both tenants and investors.

Frequently Asked Questions

What are the rental options available for this apartment?

The apartment offers flexible leasing options, suitable for short-term or long-term tenants, with a professional management team ensuring high occupancy rates.

Is the property suitable for self-managed super funds?

Yes, the property is designed for low-risk, long-term investment, making it an excellent choice for self-managed super funds.

What amenities are available within the complex?

The complex features a gymnasium, reception lounge, meeting rooms, and secure, well-maintained common areas.

What is the condition of the property after refurbishment?

Refurbished three years ago, the apartment features quality finishes and is fully furnished, requiring minimal ongoing maintenance.

What is the scope for capital growth in Chermside?

Chermside's high demand, ongoing development, and proximity to Brisbane CBD and Airport support strong long-term capital appreciation.

What to ask about this property to agent?

Are there any upcoming developments or zoning changes in Chermside that could affect property values? What are the total ongoing costs, including Body Corporate fees, insurance, and water rates? Are there any restrictions or easements affecting the property? Has the property been inspected for structural issues or defects since refurbishment? Is there any history of flooding or bushfire risk in the area? Are there any planned construction projects nearby that could impact noise or views? What are the terms of the lease agreement with the current tenant, and are there any break clauses? Are there any strata or body corporate regulations that owners should be aware of? What is the long-term vacancy rate for similar properties in the complex? Are there any additional costs for maintenance or upgrades expected in the near future?

405/40 Playfield Street, Chermside, Qld 4032 - More Details

OFFERS OVER $695K - APPROX 7% YIELD!

Type: Apartment
Bedrooms: 2
Bathrooms: 2
Parkings: 1
Area: 89 m²

405/40 Playfield Street, Chermside, Qld 4032 - Point Of Interest

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Your Commute at a Glance: 405/40 Playfield Street, Chermside, Qld 4032

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