$390 p.w. Rent - Own it for $218K.
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Description

$390 p.w. Rent - Own it for $218K. Perfect Getaway Home in First Class Location!

Apartment - MILTON QLD

If you plan to attend an open home please call 0432 00 33 55 before you come.
This is the best value for money king-bed sized studio apartment on the market. **FIRST CLASS LOCATION** approx. 2.3 km to CBD and close to all amenities. This is the perfect “home away from home for work or pleasure”. Call the agent for more details to see if this property is right for you. For the pure investor, all the financial details for this property can be found at the end of this advertisement. Please note this complex was not inundated by water from the late February/early March, 2022 floods.

• Looking to be close to the city for short-term work or pleasure? (approx. 2.3 km to CBD)
• Looking for a refreshing, no stress lifestyle right in the heart of the action?
• Do you travel to Brisbane for business or pleasure? Then stay for a couple of days, stay for a week, stay for a month. Have it rented out when you are not in Brisbane.
• Free secure Car Parking when the owner stays

Remove the hassle of commuting. Your fully furnished self-contained spacious apartment in a cracking location is waiting for you. Stay occasionally or more frequently or have it rented out via Airbnb. Work out an agreement with the professional on-site Cosmo Apartments Manager that works for you. So many choices are available.

Apart from the cracking location, the flexibility in short-term stays, the next best thing about this apartment is that it’s very affordable.

ABOUT THE LOCATION
With Roma St Station Precinct upgrade (includes cross-River Rail) and new world class Queen’s Wharf Brisbane both under construction, together with the bonus of the Olympic Games being held in Brisbane in 2032, this is a no brainer for the long-term savvy buyer.

• Located on trendy Park Road
• Walk to everything, restaurants, cafes, bottle shop, shopping areas and cinemas.
• Brisbane’s most acclaimed Chinese restaurant “China Sea – Milton” is a resident in this complex.
• Do you love sports and entertainment – Suncorp Stadium is 1.0 km away
• Walk to the Milton Train Station (two stops to the city)
• Walk to Milton CityCat Terminal (one stop to the city, two stops to Southbank parklands and restaurants)
• Walk to the City (approx. 2.3 km – 30 min)
• Do you like walking, running, or cycling – fantastic riverside walkway is just 100 metres away

ABOUT THE APARTMENT
• Stylish 4.5 star king-studio apartment on Level 2 (of 5 Levels)
• Tasteful decor and furnishings
• Self-contained kitchenette complete with kitchenware & microwave
• Washing machine and cloths drier in the bathroom
• Sold fully furnished
• Private balcony
• Quiet location towards the rear of the complex away from Park Rd
• Airconditioned
• Free car parking available when owner stays
• Professionally managed by Central Cosmo Apartments if you choose
• Small gym and large sauna

FINANCIAL INFORMATION ON THIS PROPERTY (for the pure investor)
Net revenue after rental management fees, cleaning fees and maintenance costs was:
April 2022 (30 days occupancy – Net Revenue was $1,692; $390 pw, WOW – bookings are better than PRE-COVID)
Net revenue for 2018/19 ($17,052 for 287 days occupancy). NOTE: MOSTLY PRE-COVID (Gross revenue of $39,336).
Net revenue for 2019/2020 ($13,007 for 223 days occupancy) During COVID (Gross revenue of $29,002).
Net revenue for 2020/2021 ($12,537 for 236 days occupancy) DURING COVID (Gross revenue of $26,497)

Note that because daily rental rates have been increased earlier this year by about 20% across all apartments, combined with the opening of our international borders to visitors, the net revenue is expected to increase by 10% for owners.

Brisbane City Council Rates: Approx. $431 per quarter
Qld Urban Utilities (Water). Approx. $272 per quarter
Body Corporate Fees: Admin & Sinking Fund = $4,595.28 per annum (admin = $2,575.62 + Sinking Fund = $2,019.66)
Balance of Sinking Fund: $313,265 as of 11/02/2022.

Call or Text Jeff Smith on 0432 00 33 55 to arrange your inspection (or virtual tour) of this fabulous apartment.

Property Features
  • Apartment
  • 1 bed
  • 1 bath
  • 1 Parking Spaces
  • Garage
Jeff Smith
Principal
Mob: 0432 00 33 55

Highly Accomplished Sales Professional with Proven Results!

Imagine a customer focused agent, that is all about your needs. Dr Jeff Smith is the Real Estate Doctor that offers his clients exemplary service comprising of, full involvement, clear communication, strong work ethic and processes, highly motivated to go above and beyond on every occasion, providing sound recommendations, and overall will deliver on what he has promised.

With Jeff you get a bundle of welcome surprises; not only does he have the experience, skills, knowledge, and capabilities to get great results for you in Real Estate (25+ years’ experience) he has numerous qualities and life experiences coupled with a friendly easy-going manner. These attributes, coupled with his complete professional approach, allow him to engage and connect quickly with people to establish commonalities that inspire credibility and trust – qualities you expect and demand when considering someone to provide advice and expertise regarding your greatest assets.

Jeff is well balanced and grounded in his upbringing in a family business culture where care and service to others is the norm. His school education was in central Queensland before he moved onto university in Townsville and then Brisbane where he received science and business qualifications (marketing being a speciality) and awards. He has worked and lived on three continents. He is a passionate people person and has been involved in establishing several non-for-profit charities the most recent being MindFx Limited that supports better recovery pathways for young adults with mental illness and drug miss-use.

Jeff is one who thinks outside of the box – he’s innovative, analytical, creative and opportunist, qualities that have been developed over many years. Jeff’s social and professional skills will provide you with a highly tailored professional solution. Jeff has diverse firsthand experience with building new homes, pre- and post-war homes, renovations, subdivisions, land sales, multi-dwellings developments and apartments.

From 2014-2020 Jeff’s real estate sales skills and experience were refined and expanded at one of the most highly acknowledged and successful real estate firms in Brisbane, Ray White Paddington, the number two Ray White offices in Queensland, under the Principal and leadership of George Hadgelias. In 2021 Jeff started his own highly professional boutique real estate agency, The Real Estate Doctor, to continue to serve his clients with the same exemplary service. As many of Jeff’s clients will attest to, nothing is ever too small, too big or a problem for Jeff, he gets it done.

“Call or email me and let’s get the conversation started about you and your Real Estate needs and expectations; I am here to provide you with the very best professional help you will ever experience”

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