802/188 Shafston Avenue, Kangaroo Point, QLD, 4169

SoldFeb 26, 2024

802/188 Shafston Avenue, Kangaroo Point, QLD, 4169

$195,000

21 m²

Apartment

•

30+ days on the market

Sold: Feb 26, 2024

What's around 802/188 Shafston Avenue

Investment Opportunity: Strong, Safe and Secure

The enviable location of this studio apartment positions it at the heart of the booming Brisbane landscape, ensuring a steady stream of income. This a strong, secure and profitable investment. The ‘Shafston Mansions’ building boasts extremely low vacancy rates, fortifying its appeal for investors seeking consistent rental income and minimized risk. Property Financials: - Brisbane City Council Rates: $480 per quarter - Body Corporate Rates (including electricity): $915 per quarter - Water: $285 per quarter - Current Rent: $375 per week - Lease Status: Leased until 19th March 2024 Based on these figures the yield is 6.4% The property's proximity to upcoming infrastructure, vibrant amenities, and thriving attractions makes it an irresistible prospect for astute investors seeking both immediate returns and long-term value growth. Property Features: - Exceptional 21m2 studio apartment - Ideal for market newcomers and first-time homebuyers - Ample built-in storage solutions - Efficient kitchen with generous storage space - Includes a convenient study nook, ceiling fan, and portable air conditioner - Windows for natural ventilation Amenities at Shafston Mansion: - Recreational lounge - On-site laundry facilities - Fully equipped indoor and outdoor gym - Cafeteria and business services - 24/7 on-site building management - Secure swipe card access for top-tier security Location Advantages: - Proximity to upcoming Kangaroo Point Green Bridge for easy CBD access - Close to dining, cafes, bars, and public transport - Nearby attractions: Brisbane River, Captain Burke Park, Kangaroo Point Cliffs, and Story Bridge Hotel This exceptional studio apartment at 802/188 Shafston Avenue presents an outstanding investment opportunity. Boasting a solid yield of 6.4% and a lease until March 2024, it's a lucrative option for investors seeking a strategic foothold in the vibrant Kangaroo Point area. With a perfect blend of financial stability, extremely low vacancy rates, convenience, and attractive amenities, this property is a compelling choice for those looking to capitalize on Brisbane's thriving real estate market. Don't miss out - seize this opportunity and invest in your future today!