21/29 George Street, Brisbane City, QLD, 4000 - Apartment Sold on 22 09 2023

SoldSep 22, 2023

21/29 George Street, Brisbane City, QLD, 4000

$831,000

162 m²

Apartment

•

18 days on the market

Sold: Sep 22, 2023

What's around 21/29 George Street

SOLD BY DEAN YESBERG & KARL YESBERG

Here is another outstanding opportunity to buy into Club Lodge. We offer this well-presented, unique 122m² terraced 2-bedroom, 2-bathroom apartment with front-row views to the spectacular new Queens Wharf casino project. Located on the 1st level with a huge terrace north facing looking down Margaret st with views to the new Queens Wharf Development this apartment is a very unique property in the heart of the city. The apartment comes with a 2 car park fully lock up garage. If you are looking at living in the unit it is very well presented but there is an opportunity to add more renovations to what the current owner has done and turn the unit into a stylish city pad. If you are looking for a unit for your children to go to QUT, then this unit is in the best possible location being only 200m away from QUT. For the investor, the unit is currently under-rented at $530 per week with the upside in returns to an estimated rent of approx between $620 to $670 per week. Unit rented til 7/11/23 Club Lodge has a significant advantage over other apartments in the city as it occupies a prime corner site of approximately 2400 square meters with huge future development potential. Its strategic location places it directly across from Brisbane's largest and most captivating ongoing project, the $3 Billion Queens Wharf Casino project. Recent government reforms introduced to parliament aimed at simplifying the process of amalgamation further enhance Club Lodge's potential as a lucrative development opportunity. Currently, there are only 52 lots available, making it an exclusive prospect. Recent sales indicate that the site's value could range between $55 million to $65 million. Key features of the property include: - Two spacious bedrooms - Two bathrooms, with a private ensuite in the master bedroom - An exceptionally rare enclosed tandem garage - Total area 162m² on title (86m² internal - 36m² external + 40m2 garage) - Building amenities include an indoor pool - Secure entry system This is a fantastic opportunity to buy at the right end of town where all the action is happening. Seize the opportunity to get in on the action in one of our city's best potential development sites. Our sellers are determined to sell. Auction, Friday 22nd September 2023 from 10:00 am | In-Rooms at Level 26, 111 Eagle Street, Brisbane, if not SOLD prior.