Important: Occupancy is restricted by scheme by laws to individuals aged 55 years and over, single occupancy only per dwelling; ownership is unrestricted, and rentals are permitted to eligible 55+ tenants under standard RTA agreements.
Positioned in the heart of Chermside, this rare dual-key residence at 9/12-20 Ballantine Street presents an outstanding investment or lifestyle opportunity on a single title. Offering two fully self-contained one-bedroom/studio apartments across two levels (Unit 9 and Unit 31), this versatile property delivers flexibility, strong rental appeal, and the potential for dual income.
Unit 31, the upper-level apartment, is easily accessible via elevator. It features a light-filled open-plan layout with a well-appointed kitchenette, private bathroom, and comfortable living/sleeping zone. Complete with ceiling fans and a split system air-conditioning unit, it ensures year-round comfort with low-maintenance ease.
Downstairs in unit 9, the studio offers its own private entrance along with a valuable outdoor patio-perfect for relaxing or entertaining. Also equipped with ceiling fans and split system air-conditioning, this residence mirrors the functionality of the upper level while adding the bonus of private outdoor space and enhanced privacy.
Whether you're an investor looking to maximise returns or an owner-occupier wanting to live in one and rent out the other, this property ticks all the boxes. The dual-key configuration allows for independent leasing, increasing yield potential while maintaining flexibility.
Adding further appeal, there is exciting scope to renovate and enhance both residences to maximise returns or future capital value. There is also the potential (subject to council and body corporate approval) to explore separating the two apartments onto individual titles-unlocking additional value and resale flexibility.
Situated in a highly sought-after location, you'll enjoy close proximity to Westfield Chermside, public transport, parks, schools, and major arterial roads.
Key Features:
• Dual-key property on one title (Units 9 & 31)
• Two self-contained studio/1-bedroom apartments
• Elevator access to upper-level residence
• Private patio for the downstairs apartment
• Ceiling fans and split system air-conditioning in both units
• Separate entrances for each residence
• Value-add potential via renovation or reconfiguration (STCA)
• Possible future individual titling opportunity (STCA)
• Low-maintenance investment opportunity
• Prime Chermside location close to amenities
Currently tenanted for $560pw
Council Rates: $585.49 per QTR approx
Body Corporate Fees: $1,980.3 per QTR
Please note, the scheme has accreditation with the Department of Housing as accommodation for "independent living for ages 55 and over" and only permits single occupancy based on the NCC.
