1511/108 Margaret Street, Brisbane City, QLD, 4000

SoldSep 6, 2021

1511/108 Margaret Street, Brisbane City, QLD, 4000

Amount undisclosed

Apartment

•

20 days on the market

Sold: Sep 6, 2021

What's around 1511/108 Margaret Street

SOLD BY DREW XEREZ!

Perched high on the 15th floor, this 'B' plan 'UniLodge on Margaret' apartment provides residents with plenty of natural sunlight, breeze direct from the Brisbane River, and plenty of capacity to design a fantastic learning environment or your own affordable CBD pad. Ideal for a student, young professionals or a weekender. This property makes for smart investing with historically reliable and strong cash flow; 'UniLodge on Margaret' on-site management makes finding future tenants easy with a 7-day onsite management team. Property features: - City views - Brisbane River glimpses - Studio apartment - 1 Bathroom - 19sqm on the 15th level - Unfurnished - Rental potential approx. $1,120 per month fully furnished and $1,040 per month unfurnished Equipped with an abundance of communal spaces to enjoy, the complex covers all bases: - Outdoor terrace with swimming pool & BBQ area and seating - Short stroll to QUT Gardens Point + Free Shuttle bus to QUT Kelvin Grove - Bus Stops virtually at your doorstep - Onsite convenience store - Licensed café / restaurant - Large communal Laundry - Commercial-grade kitchen - Student lounge + student dining rooms Perfectly positioned on the 15th floor, with CBD views and Brisbane River glimpses, this apartment makes for a shrewd investment with a strong estimated return of over $1000 per calendar month rent. A great investment, but equally practical if you want an economical base to live and work from in the heart of the CBD. UniLodge is very popular as it is conveniently located near QUT, Queen St Mall, the Botanical Gardens and a multitude of dining options and other amenities. It is also located within 300m of the new Queens Wharf Precinct, which will increase the attractiveness of this position furthermore in years to come. The outgoings are very reasonable, so this could be a very smart and low risk addition to a high yielding investment portfolio. For information regarding the Brisbane Inner City property market please go to raywhiteiba.com.au/news *Please advise the agent in writing before placing an offer if you require Foreign Investment Review Board approval (FIRB). Please visit - https://firb.gov.au/ for further details.