Positioned on the 36th floor of the highly sought-after Festival Towers, this spacious two-bedroom apartment offers an excellent investment opportunity with strong rental returns and unbeatable location. Featuring versatile living spaces and panoramic views of the Brisbane River, South Bank, and the bustling CBD, this property is a smart choice for the savvy investor looking to secure a premium asset in the heart of Brisbane.
With a rental appraisal between $750 and $800 per week, this property promises strong cash flow potential. Combined with affordable outgoings - council rates of approximately $2,800 per year and body corporate fees around $8,400 per year - this unit offers an attractive yield in a thriving rental market.
Strategically located just 1 minute from the new Albert Street Station, a major transport hub projected to serve over 67,000 passengers daily, this property guarantees ongoing tenant demand. The highly anticipated Queen's Wharf precinct, just 3 minutes away, will add even more value with its world-class amenities, including a first-class casino, boutique shopping, and new public spaces.
Property Features:
• Two generously sized bedrooms
• Modern bathroom
• Secure car space
• Large storage cage
• Expansive alfresco balcony, perfect for tenants to enjoy breathtaking city and river views
• Contemporary kitchen with stone benchtops and stainless steel appliances
• Concealed laundry
• Open-plan living/dining area with direct access to the alfresco space
• Ducted air conditioning and ample storage throughout
• Approx. 79 sqm of living space, including a versatile balcony
• Rental potential: $750 per week unfurnished, $800 per week furnished
Outgoings:
• Council rates: $1,800 per year (approx.)
• Body corporate fees: $8,400 per year (approx.)
Festival Towers is a highly desirable complex with excellent facilities including a pool, spa, sauna, gym, and BBQ area - ensuring high appeal for prospective tenants. With the Queen Street Mall only 200m away and a steady influx of new infrastructure, this is a solid, long-term investment in one of Australia's fastest-growing cities.
Don't miss out on this fantastic investment opportunity - contact Phil today on 0447 048 961 to arrange an inspection!
Disclaimer: The photos provided are for reference only and were taken from a similar unit on a lower floor within the building. Please note that while the layout and finishes are comparable, views, furnishings, and specific details may differ from the actual property. We recommend an in-person inspection to fully appreciate the unique features and views of this specific unit.
ASSETT PTY LTD T/A ASSETT REALTY and its agents have not independently checked any of the information, documents, and property description, mentioned in this advertisement, we have simply explained the property information in our advertising and marketing. We do not take and responsibility in any way and give no warranty or assurances as to the accuracy and authenticity of all this information. Prospective Buyers and tenants must conduct their own Due Diligence and investigations before taking any decision on buying or renting this property. The pictures, floor plans and videos may have been digitally enhanced or may not show the correct condition and dimensions of the property. We strongly suggest potential buyers and tenants to inspect the property and ta