9/12-20 Ballantine Street
Chermside, QLD 4032

Overview

High-Yield Dual-Key Property with Value-Add Upside

Located in the central area of Chermside, this unique dual-key apartment at 9/12-20 Ballantine Street offers an excellent opportunity for investment or personal living on a single title. The property comprises two fully self-contained one-bedroom or studio apartments spread over two levels, known as Unit 9 and Unit 31, providing versatility and strong rental potential with the possibility of generating dual income.

The upper-level apartment, Unit 31, is conveniently accessible by elevator, appealing to a wide range of tenants. It features a bright open-plan design with a well-equipped kitchenette, a private bathroom, and a comfortable combined living and sleeping area. Both ceiling fans and a split system air-conditioning unit are installed to ensure comfort throughout the year with minimal maintenance required.

On the lower level, Unit 9 is a studio apartment with its own private entrance and a valuable outdoor patio area, ideal for relaxation or entertaining guests. This unit also includes ceiling fans and split system air-conditioning, mirroring the upper apartment's functionality while offering additional privacy and outdoor space.

This property is suitable for investors aiming to maximize rental returns or owner-occupiers who wish to reside in one unit while renting out the other. The dual-key setup allows for independent leasing arrangements, enhancing income potential while maintaining flexibility.

There is further potential to renovate and upgrade both apartments to increase rental income or future capital growth. Additionally, subject to council and body corporate approval, there may be an opportunity to subdivide the two apartments onto separate titles, unlocking further value and resale options.

Situated in a highly desirable location, the property is close to Westfield Chermside shopping centre, public transport options, parks, schools, and major roads, ensuring strong demand from tenants and long-term growth prospects.

Key features include:

• Dual-key configuration on a single title
• Two self-contained studio or one-bedroom apartments
• Elevator access to the upper apartment
• Private outdoor patio for the downstairs unit
• Ceiling fans and split system air-conditioning in both units
• Separate entrances for each apartment
• Potential for renovation or reconfiguration (subject to council approval)
• Possible future subdivision into individual titles (subject to approval)
• Ideal for dual income or multi-generational living
• Low-maintenance investment opportunity
• Prime location close to amenities in Chermside

Location