62/29 George Street, Brisbane City, QLD, 4000 - Apartment Sold on 15 07 2022

SoldJul 15, 2022

62/29 George Street, Brisbane City, QLD, 4000

$776,000

Apartment

•

30+ days on the market

Sold: Jul 15, 2022

What's around 62/29 George Street

SOLD UNDER THE HAMMER BY DEAN YESBERG AND BEN YESBERG

An Investment Opportunity With Plenty of Upsides This is an opportunity with plenty of upsides for what is on offer, this well-presented spacious 2 bedrooms 2 bathroom unit with 2 side by side car parks in Club Lodge. Situated on the north-facing corner of the building with views down Margaret Street and to the Botanical Gardens. Located directly across the road from the new Queens Wharf Development, 200m from QUT and the Botanical Gardens the location cannot be bettered. The property is currently rented for $575 per week for the investor. The unit is well presented and is the ideal investment for those looking for an investment with potential. The upside is that Club Lodge commands a prime corner future development site of approximately 2400m, directly across from Brisbane's biggest and most exciting development project, the $3 Billion Dollar Queens Wharf Casino. The unimproved land value for the site is currently $42 million but it is worth much more as a site when amalgamation happens. There are only 52 lots In Club Lodge so it's a rare opportunity. Property Features: * Two large bedrooms * Two bathrooms (private ensuite to master) * EXTREMELY RARE - Enclosed garage with two side-by-side car spaces 44m ample storage Is currently rented out separately * Current weekly rental income is $575 * Approx. 91sqm of living * Building facilities include a pool and sauna * Secure entry * Tenanted till 30/12/2022 This is a fantastic opportunity to buy at the right end of town where all the action is happening. Seize the day this is your opportunity to get in on the action in our State's capital city's best development site. Auction Friday 15th July, Ray White Corporate from 10:30 am, if not SOLD prior. To obtain further information or to arrange a private inspection, please contact Ben Yesberg at 0439 797 166