10/12-20 Ballantine Street, Chermside QLD 4032

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10/12-20 Ballantine Street, Chermside QLD 4032

10/12-20 Ballantine Street, Chermside QLD 4032

Offers Over $499,000

2 beds

2 baths

Two Units One Price | Approx. 6.98% Gross Rental Yield

An exceptional opportunity for investors seeking strong rental income and the potential for future flexibility, this unique offering comprises two separate one-bedroom units being sold together on one title, positioned in a convenient Chermside location.

Currently generating approximately $34,840 in combined annual rental income, this unique two-unit investment offers an attractive income stream and strong rental returns, making it a compelling addition to any investment portfolio.

Investment Snapshot:
• Two separate one-bedroom units sold together as one lot
• Combined rental income of approximately $34,840 p.a.
• Gross rental yield of approximately 6.3-7%, depending on the final purchase price
• Approx. rates: $2,344 p.a.
• Approx. water: $2,176 p.a.
• Approx. body corporate: $8,000 p.a.
• Potential opportunity to separate the units onto individual titles, subject to the necessary council and body corporate approvals

One unit is positioned on the ground floor, while the second is located on the upper level.
Both provide low-maintenance accommodation within a secure and well-maintained complex.

Each Unit Features:
• One bedroom with built-in wardrobe and ceiling fan
• Open-plan living and kitchenette
• Accessible bathroom
• Security screens
• Excellent natural light
• Peaceful garden outlook

Residents also have access to a communal lounge, visitor parking and nearby on-street parking.

Convenient Chermside Location. Positioned within easy reach of an extensive range of amenities, the property is conveniently located close to Westfield Chermside, Chermside Library, Kedron Wavell Services Club, medical facilities, public transport and local shops and services.

Please note: The complex has been specifically designed for residents aged 55 years and over, with the unit's construction intended for single-person occupancy.

For further information or to arrange an inspection, contact Luke Harding on 0451 118 281.

**Disclaimer** Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.