Unit for Sale
- About this property
- Explore Newstead
Don't Miss This - Best Value!Property ID 1554776Offering a highly sought after riverside lifestyle with a mecca of restaurants, cafes and entertainment, just a short walk to James Street, Teneriffe, The Valley, Gasworks Shopping precinct, the Emporium cafes, boutique bars, parklands and Riverwalk. With an influx of multi-million dollar redevelopment and infrastructure in this neighbourhood it is hard to beat as a savvy investment opportunity or 'must have' destination for trendy residents.
This property has all the elements indicative of an extremely attractive investment and now with a discounted price tag, achieving 5-6% yield plus plenty of tax depreciation. As a part of the NRAS financial incentive for investors, you will receive over $10,800 tax free per year plus your rental income. Seriously a great investment! Plus the added benefit of low body corp fees (approx. $1,223 / quarter). You don't want tenants? No problem, just move in and enjoy this desirable lifestyle yourself.
This well designed apartment boasts a generous open plan living area, expanding out to the balcony. Both bedrooms are similarly well proportioned, with the master bedroom including a walk-in wardrobe plus ensuite. The second bedroom has plenty of built in wardrobe space. The kitchen is well-equipped with stainless steel appliances, gas cooktops, stone bench tops and ample storage.
- Total annual income from this property approx. $30,552
- Low Body Corporate fees approximately $1,223 / quarter
- Secure foyer and lifts
- Air conditioning
- One car space for the property plus Visitor car spaces for the block
- Only 2.5km to the City
- Regular and reliable public transport links, City Glider, City Cat, City Ferry, City bikeways, buses, train station
- 10 minutes to Brisbane Airport
- Current tenants lease expires 13/07/2017
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.