52 Hilltop Avenue, Chermside QLD 4032-Image

For Sale

52 Hilltop Avenue, Chermside QLD 4032

Chermside - Block of 5 Units in Prime Location with Potential

Block Of Units

Type

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Bathrooms

Parkings

Last updated on Monday, August 17, 2026 ( See property details for 52 Hilltop Avenue, Chermside QLD 4032)

For Sale

Nick Thornton - Real Estate Agent - Ray White - Wilston

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AI Property Insight

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A prime investment property comprising five fully leased strata units in Chermside, offering strong rental income, development potential, and excellent location benefits.

🏡 Property Highlights

Incredible investment opportunity with a block of 5 strata-titled units.
Positioned on a spacious 809sqm lot with MU2 - Mixed Use zoning.
All units are fully leased with a strong gross rental income of approximately $105,560 pa from 11/06/2024.
Prime location close to Chermside Shopping Centre, hospitals, and public transport.
No body corporate fees, offering cost-effective ownership.
Potential for future development into a high-rise complex (STCA).

✨ Key Features

5 fully leased units including 4 x 2-bedroom and 1 x 1-bedroom units.
Each unit includes a lockup car space.
Recently updated units with new kitchens, bathrooms, paint, and carpets.
Long-term tenants with rent increases scheduled from June 2024.
Located within desirable school catchments: Craigslea State School & High School.
Close proximity to Westfield Chermside Shopping Centre and public transport.
Zoned MU2 - Mixed Use, offering development potential.
Solid brick construction with no ongoing body corporate fees.
Land size of 809sqm providing ample space for future development.
Affordable council rates and insurance costs.

Suburb and Property Insights of Chermside, QLD 4032

Chermside is a vibrant suburb renowned for its excellent shopping, healthcare, and transport links. Key points include: proximity to Westfield Chermside Shopping Centre offering retail and entertainment options; close to major hospitals like Prince Charles and St Vincent's; well-connected via bus and tunnel networks to Brisbane CBD and airports; family-friendly environment with top schools nearby; and strong growth potential driven by ongoing infrastructure development and urban renewal initiatives.

What to ask about this property to agent?

What is the current rental income and potential for rent increases? Are there any restrictions or covenants on development due to MU2 zoning? What are the ongoing costs, including council rates and insurance? Is there potential for future redevelopment or high-rise development? What is the vacancy rate for similar properties in Chermside? How accessible are public transport options from this location? What are the benefits of owning a strata-titled property in this area? Are there any upcoming infrastructure projects that could impact the property? What is the history of rental yields for similar units in Chermside? What are the key advantages of investing in Chermside compared to other suburbs?

52 Hilltop Avenue, Chermside QLD 4032 - More Details

Chermside - Block of 5 Units in Prime Location with Potential

This Property Is Now SOLD

Act fast to secure this incredible investment opportunity, which comprises a block of 5 strata title units, built in 1982 and positioned on a 809sqm lot with MU2 - Mixed Use zoning. The complex features 5 units (4 x 2 bedroom and 1 x 1 bedroom) all separately leased to individual tenants providing a total gross rent of approximately $97,760 gross pa.

The complex features 5 units (4 x 2 bedroom and 1 x 1 bedroom) all separately leased to individual tenants providing a current total gross rent of approximately $97,760 pa

NEW GROSS INCOME as from 11/06/2024 - $105,560 pa

Unit 1 is on the ground level and includes 2 bedrooms, 1 bathroom. New vanity in bathroom, Fresh paint. New lease to 26 July 2024 tenants paying $430 per week

Unit 2 is on the first floor level front and includes 1 bedroom, 1 bathroom. It has long term tenants lease to 17 June 2024 paying $300 per week - Increase to $350 p/w from 11/06/2024

Unit 3 is on the first floor level middle and includes 2 bedrooms, 1 bathroom. New kitchen, New vanity in bathroom, New carpet and freshly painted. New lease to 4 Sept 2024 tenants paying $450 per week

Unit 4 is on the first floor level middle and includes 2 bedrooms, 1 bathroom. It has long term tenants (16+ years) lease to 17 June 2024 paying $350 per week - Increase to $400 p/w from 11/06/2024

Unit 5 is on the first floor level rear and includes 2 bedrooms, 1 bathroom. It has long term tenants (20+ years) lease to 17 June 2024 paying $350 per week - Increase to $400 p/w from 11/06/2024

All tenants have been issued with a notice of rent increase - please call selling agent phone for more information

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 complex is within 10 minutes easy 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 Clemt7 and Airportlink tunnels are located 10 minute drive away and provide a direct link to Brisbanes domestic and international airports and Brisbane CBD.

Key Features:
- A solid block of brick units are strata titled. The complex includes 5 individually rented units, providing an approximate annual gross rent of $97,760 gross pa.
- All 5 units are fully leased and present to a neat and tidy standard.
- The desirable location
- Each unit includes a lockup car space
- The units are strata titled and there are no body corporate fees
- Future development potential for a multi high rise unit complex (STCA)

Quick Facts:
- Land size 809m2
- Gross Annual Rent $97,760 gross approx. pa.
- School Catchments - Craigslea State School & Craigslea State High School
- Council Rates are $1,750 per 1/4 approx and Water and Sewerage are $929.07 per 1/4 approx.
- Insurance $3,880 pa

For further information or to arrange your inspection, please contact Nick Thornton 0407 736 046

Type: Block Of Units
Bedrooms: 9
Bathrooms: 5
Parkings: 5
Area: 0.0

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