1040 Gympie Road (AKA 12 Monserrat St)

Opportunities of this scale in Chermside are becoming increasingly rare. Set on a flat 1,652m² block across two titles, this property offers outstanding potential for developers, investors and land-bankers seeking a high-growth location with endless possibilities. The site currently hosts two dwellings:

• Original timber Queenslander 5 bedrooms, 1 bathroom + 2 additional toilets
• Timber cabin 3 bedrooms, 1 bathroom With a combined rental return of approximately $1,050 per week ($600 for the Queenslander and $450 for the cottage), the property provides strong holding income while you plan your next move. A Site with Multiple Development Pathways (STCA)
• Landbank with solid rental income
• Reconfigure the existing lots
• Purpose-built student accommodation
• Townhouse or unit development
• Multi-dwelling housing options
• Retain one home and redevelop the balance The flat terrain, dual titles and generous land size make this an exceptionally flexible site for a wide range of projects.

Unbeatable Chermside Convenience Just a short walk to Chermside Markets and Westfield Chermside, with direct city bus access via Gympie Road. Opposite the expansive green space of Marchant Park, you'll enjoy a front-row seat to seasonal cricket matches and weekend recreation. This is a location that continues to grow in demand year after year. Properties of this calibre attract strong interest - and the last time it was offered, enquiry was significant. Don't hesitate. Act quickly by calling Natalie on 0414 522 442.

"Whilst every care is taken in the representation of the information contained in this marketing. Harcourts Solutions will not be held liable for any errors in typing or information including alternations made to the property, and any inclusions that may not be represented in this advertisement. All interested parties should rely upon their own enquiries to determine whether or not the property and utilities (including available internet options) are suitable for their needs." Added 22 September, 2026 Property ID: #L42830819 Show More