24/12-20 Ballantine StreetChermside QLD 4032
Property Details for 24/12-20 Ballantine St, Chermside
Last Listing description (June 2025)
3.3 Times Multiplier MR Business with Solid Income and Still Growing!
Asking for $1,383,800 in total
Net Income $248,117 MR and 2 Beds Manager Residence
Net Income verified by Industry specialist accountant to March 2025
- Retirement Permanent Management Rights
- Best value Management Rights in Brisbane NorthSide
- Great Location by dynamic suburb of Chermside
100m to Aquatic Centre
50m to Kedron Wavell Services Club
300m to Westfield Chermside (One of the biggest Shopping Centres in Brisbane)
98 school options in Chermside within a distance of 5 kilometres
- Two bedrooms and one bathroom manager unit with office on title
- Very supportive body corporate relationship
- Over 55's complex with a very small caretaking work load
- A lunch with hot meal is provided and help is available
- Your role here is mainly to oversee the complex
- Low maintenance gardens, no gate, no gym, no pool/spa, no BBQ to worry about
- Great remuneration $71,768 with annual CPI increase every October
- Income has been verified by specialist management rights accountants
- 18% great return on your investment
To be the lucky person to buy this management rights you will need to be QUICK!
Property History for 24/12-20 Ballantine St, Chermside, QLD 4032
- 09 Apr 2025Listed for Sale MR $818.8k/3.3 times Multiplier + Unit $565k
- 08 Jan 2024Listed for Sale $1,530,800
- 09 Mar 2023Listed for Sale $1,480,000
Recent sales nearby
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About Chermside 4032
The size of Chermside is approximately 4.0 square kilometres. It has 10 parks covering nearly 23.6% of total area. The population of Chermside in 2016 was 9315 people. By 2021 the population was 11426 showing a population growth of 22.7% in the area during that time. The predominant age group in Chermside is 20-29 years. Households in Chermside are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Chermside work in a professional occupation.In 2021, 31.60% of the homes in Chermside were owner-occupied compared with 31.50% in 2016.
Chermside has 7,850 properties. Over the last 5 years, Houses in Chermside have seen a 87.97% increase in median value, while Units have seen a 104.54% increase. As at 30 November 2025:
- The median value for Houses in Chermside is $1,211,121 while the median value for Units is $775,492.
- Houses have a median rent of $650 while Units have a median rent of $600.
Suburb Insights for Chermside 4032
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