1506/348 Water Street, Fortitude Valley, QLD, 4006

SoldSep 29, 2022

1506/348 Water Street, Fortitude Valley, QLD, 4006

$450,000

78 m²

Apartment

•

30+ days on the market

Sold: Sep 29, 2022

What's around 1506/348 Water Street

Sold by Judy Chu 0401620672

The beautiful open-plan design incorporates floor-to-ceiling glass windows maximizing fantastic Brisbane city views! It locates in a a perfect location within few mins walking distance to the Fortitude Valley train station and only one stop to the Brisbane CBD. With cafes, restaurants, entertainment and transport all at your doorstep, which is also easily accessible by bus, bike or a leisurely walk. Boasting resort style amenities such as lagoon swimming pool surrounded by the tropical gardens, gym and rooftop BBQ areas, residents simply love living in this complex. Located on the 15th floor of the "Cambridge Towers" building in Central Village. Central Village is a development on the edge of Fortitude Valley and Spring Hill, and incorporates Cambridge and Oxford Towers with an on-site management office. This sensational property offers the below features: - Amazing city views with open-plan living room and dining room area - Modern design kitchen with ample cupboard space, dishwasher and microwave are included. - A large master bedroom with walk-in wardrobes, ensuite and abundance of natural light, plus view! - A spacious sized second bedroom with views and easy access to the bathroom - Large balcony 9sqm area with open 360 degree view to enjoy - Air-conditioning throughout as well as ceiling fans in both the living room and bedrooms - Modern white finish throughout with tiling - A secure undercover carpark space - Separate laundry space with clothes dryer included The complex features: - Lifestyle and convenience in a resort-style development - Rooftop facility with BBQ and dining tables - Large swimming pools with BBQ and seating facilities - A pavilion room with a large snooker/pool table, TV and 2 large sitting areas - A fully equipped gym and a large yoga lawn - Secure building with CCTV, intercom and resident-only access, on-site management Rental information - Great Investment income for the property investor! This property is under National Rental Affordability Scheme (NRAS) until August 2024. The current NRAS rental price at $346 per week and the lease is until 07/03/2023. Under the NRAS scheme, the property owner can enjoy an extra non-taxable incentive of around $11,124 per year. No obligation to continue with NRAS. Fortitude Valley is experiencing strong rental price growth with the potential to reach a $550+ weekly rental price. More information: *Total Area: 78sqm (Int: 69sqm; Balcony: 9sqm) *Body Corp: $1,507.65 every 4 months approx (around $87 per week) *Council Rates: $450.2 p.q. approx *The Building: Built in 2014 Cambridge Towers has a total of 165 apartments over 19 Floors *Pets friendly complex Living is easy with public transport connections such as Fortitude Valley Train Station, King Street, and Bus Stops are all within a 10-minute walk from your doorstep. - 0m to the closest CafÃÂ©, Supermarket, Swimming pool, Gym - 80m to the bus stop - 350m to Brisbane Exhibition Grounds - 400m to King Street Dining Precinct - 450m to Fortitude Valley Train Station and Woolworths - 550m to Bank branch and Australia Post - 650m to Fortitude Valley China Town - 1km to Royal Brisbane and Women's Hospital (RBHW) - Less than 2km to Brisbane CBD