16/16 Ballantine Street, Chermside QLD 4032

One bedroom unit for couples or singles in a Sunny Cove Over 55's Seniors Accommodation complex totalling 44 units in the complex. These units are situated directly behind and accessed through a shared gate and the RSL carpark (or walking distance one street away) from the RSL Chermside. Also close to Chermside Shopping Centre and public transport. Currently tenanted. Rental income $260.00 per week. Great return for the investor. If this meets your needs, I recommend quick action.

1 Bedroom with built in robe
Lounge/dining area
Kitchenette with cupboards and microwave area
Laundry/bathroom combined (bathroom has wheelchair access)

RATES: $284.70 Per Qtr (exc. water)
VIEW BY PRIVATE APPOINTMENT ONLY.

SUBURB PROFILE:
Located about a 12km drive north of the Brisbane CBD, Chermside is a well-established Brisbane suburb and is known for several local landmarks including the Prince Charles and Holy Spirit Northside Private Hospitals, Westfield Chermside and the very popular Kedron-Wavell Services club. While the suburb still has many weatherboard homes constructed during the 1950s and 1960s, many higher density developments have been constructed in recent years.

Unit and townhouse sales now make up over 60 per cent of residential sales in the suburb each year. Chermside residents have witnessed a renewal phase in the suburb's lifecycle assisted by the development of retail shopping facilities along Gympie Road and the relocation of the Australian Taxation Office as well as the development of the Northern Busway.

Westfield Chermside, the largest suburban shopping centre in Queensland, is the major retail anchor for all the surrounding suburbs and is the location of a major Busway station. With the development of the Northern Busway, Chermside is set to become Brisbane's next satellite city.

Residents are well serviced by a variety of restaurants, retail businesses and leisure facilities such as the Chermside aquatic centre and a number of schools. Investor activity is high in the area with a high proportion of rental dwellings in the suburb and healthy rental yields. 2007 and 2009 in particular saw higher than usual sales numbers in the unit market with the release of a number of new developments. Source: REIQ