Situated in the highly sought after Festival Towers complex, this well maintained two bedroom apartment is a property you must put on your list. If you are looking for a quality Inner City home with an unbeatable location, or whether you are looking for a solid investment with capital growth potential. Either way, you won't be disappointed!
Steps from the new Queen's Wharf Precinct and within easy walking distance of Albert Street Station, this address offers strong tenant appeal and excellent long-term growth prospects.
With Queen Street Mall, the Botanic Gardens, and the revitalised Eagle Street Pier all nearby, residents enjoy unmatched walkability while investors benefit from ongoing infrastructure development and exceptional rental demand. In addition, the Mary Street Vision- supported by Brisbane City Council- aims to revitalise the surrounding area with enhanced public spaces, connectivity, and activation.
The owners are committed to sell and will consider at all offers on a REIQ contract. Be quick, this one won't last long!
Body Corporate Fees: Approx. $8,382 pa
Rates & Water: Approx. $3,200 pa
Apartment Features:
-Two generous bedrooms both with built-ins
-Two modern bathrooms
-One secure car space (C.264 on Level 3)
-One secure storage cage (S.13 on Level 3)
-Spacious open plan living
-Modern kitchen featuring a gas cooktop & stainless steel appliances
-Air-conditioning throughout
-Total area approx. 87sqm (84sqm internal 3sqm balcony) on level 10
-Currently in the hotel letting pool with rental income of approx. $3,500 per month unfurnished
-Rental potential of approx. $820-$850 per week unfurnished & approx. $920-$950 per week fully furnished to long term tenants
-Sold unfurnished
Festival Towers building facilities include two swimming pools, a spa, sauna, gymnasium and BBQ entertaining area. In the perfect city heart location, all that the vibrant CBD has to offer is at your fingertips with Queen Street Mall just 200m away and major city hotspots such as the Eagle St Pier, Botanic Gardens, QUT and the Casino are nearby. All forms of public transport are within walking distance.
DISCLAIMER: Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.
