UNDER CONTRACT BY RE/MAX - STEPHEN PAHL PROPERTIES

Unit Sold - KANGAROO POINT QLD

Located high in the building on the top floor, this fully furnished, air conditioned studio with south facing balcony is returning an approximate 7%+ rent yield or perfect for an entry level owner occupier. This unit is a highly sought after unit type in the Shafston Mansions building having a balcony, air-conditioning and including a full inventory of furniture.
Unlimited potential and no limitations for an investor, or as a stop over home-base for you while in Brisbane, or for your family – total autonomy over this asset.
Currently demonstrating strong rent income on a long term lease until 2 January 2020 at $320 per week. A approximate 7.0+% nett return.
The flawless positioning of the iconic Shafston Mansions building integrates young professionals with the extensive list of amenities in both the building and the local area have to offer.
The Shafston Mansions building boasts an array of amenities such as a recreational lounge, on-site laundry, fully equipped indoor and outdoor gym, cafeteria as well as photocopying/printing facilities. Further to this, the onsite management team are present 24 hours a day to attend to all related tasks and with secure swipe card access throughout the building – security is not an issue.
You have total autonomy over your asset as this studio can be owner occupied, or managed by any agency of your choice or directly managed by yourself.
With the Brisbane traffic levels on the rise, this property is in a prime position with very close proximity to both City Cat & City Hopper Ferry Services (5 mins walk), bus services as well as a City Cycle station close by. Further to this, there are a range of local cafes, restaurants, supermarkets and bars nearby.
Currently, this apartment is evidencing a rental income of $320.00 per week gross on a long term lease through to January 2020 plus all associated costs such as body corporate fees, council rates and water.

Important Financial Points:
– $320.00 per week gross rental income to 2 January 2020
– Body Corporate Fees: $2,560 approximately per year (Free Electricity & High Speed Internet Provided within this)
– Council Rates: $1,525 approximately per year

Important Property Points:
– 1 Bedroom, 1 Bathroom with south facing balcony
– 27sqm Approximate Internal Floor Area
– Situated on the 11th Floor facing South
– Fully Furnished and Equipped
– 24 Hour On-Site Management & Secure Access
– Electricity & High Speed Broadband (approx 16gb per week) provided by the Body Corporate
– Recreational Lounge, Fully Equipped Gym & Cafeteria
– City Cat, City Hopper, Bus & City Cycle Services all close by

Contact Stephen Pahl on 0404266085 for your private inspection.