36/12-20 Ballantine Street, Chermside QLD 4032

Positioned directly behind the Kedron Wavell RSL and Chermside Pool, this immaculate 1 bedroom studio style apartment would be ideal for retirees or those who are looking for a simple lock up and leave' low maintenance unit, in a well-managed and secure complex. Having undergone several tasteful renovations, the unit presents very well both inside & out, and represents great value for money at this price.

The location couldn't be better, with Westfield Chermside, parks, Kedron Wavell RSL, Chermside Pool & Library and the Inner North Bus Terminus being only a short walk away. The position also offers easy access to the Brisbane CBD, Domestic & International Airports, and the Sunshine Coast and Gold Coast beaches are approximately an hour's drive away in either direction.

Features include:
*Generous bedroom with built-in wardrobes and ceiling fan
*Wheel-chair friendly ensuite/bathroom
*Laundry facilities in the bathroom
*Open living, meals and kitchen with as-new carpet and air-conditioning
*Balcony off the living area
*Leafy outlook from the bedroom over the Chermside Pool's grounds
*Common room & cafeteria in the complex
*Suited to owner occupiers and investors
*Parking available

> Potential Rental Returns of Approximately $260 Per Week.

CURRENTLY OWNER OCCUPIED
VIEWING BY APPOINTMENT
BODY CORP: $717.97 PER QTR (INCLUDING PAY-ON-TIME DISCOUNTS)

SUBURB PROFILE:
Located about 10km 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