SOLD BY STEPHEN PAHL
New to market – this Studio apartment workhorse is an exceptional investment with added options to live in yourself, use as a Brisbane base, traditional lease, or airbnb – the choice is yours.
Current 12 month lease in place at $345 per week until August 2023.
108 Margaret is conveniently located close to QUT University, the new Queens Wharf Precinct, Queen Street Mall, Botanical Gardens and there is a multitude of dining, shopping, recreation and entertainment options available almost right at the door. The complex is also located within 300m of the new Queens Wharf Entertainment Precinct which will have an ongoing positive impact on property values at this end of town.
This apartment benefits from a very strong and stable Body Corporate with a current sinking fund balance in excess of $1.1 million.
Annual Body Corporate fees are a very low $2,872 in total including Electricity.
Currently leased for $345 per week (or $17,940 approximate gross income a year), delivering an approximate gross yield in excess of 10%.
Apt 902 is a slightly larger floor plan on the 9th level featuring air-conditioned open plan studio, kitchen, study nook and a separate bathroom.
It is neat, tidy and well presented, with excellent potential for the near future as Brisbane prepares to host the 2032 Olympic Games.
The complex is a well constructed high quality building, well maintained and well managed, offering excellent common facilities, rest and play sports, with multiple lounge-rooms, study room, communal laundry and communal kitchen with dining room. There is also an outdoor area and an in-ground pool.
– One bedroom studio apartment
– Fully furnished
– Ideal central Brisbane City location
– Very Low Body Corp fees
– Heathy sinking fund
– Live in, lease, use mid week, or airbnb
108 Margaret Street features:
– Common area with free WiFi
– Recreation room
– Lap Pool
– BBQ area
– Laundry
– Communal Kitchen
– Excellent Onsite Management / 7 days per week
– Cafe and convenience store
– Short Walk to Queensland University of Technology
Financials –
– Leased for $345 per week until 21 August 2023
– Rates approx. $1724 pa
– Water – approx. $1,100 pa
– Strata is approx. $2,872 pa, all inclusive – (admin, sinking fund, power, and insurance)
– Sinking fund balance as of 23 November 2022 is $1,103,811.28
– ROI is exceptional – yielding gross over 10%
** Please Note: The photos are of the actual apartment – however to maintain the tenants privacy, the furniture is virtual.
Contact Stephen Pahl – 0404 266 085 – Inspections only by Prior Private Appointment
