Sold $215,000
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Description

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

Apartment Sold - MILTON QLD

[If you are looking for a similar apartment just like this call me on 0432 00 33 55]
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

Jeff has been selling real estate full-time since 2014 and is passionate about delivering great outcomes for both sellers and buyers. His extensive knowledge and personal experience in developing, building, buying, renovating, and selling property will enable you to unlock a well thought out sales strategy, and produce the best possible outcome for your property.

An internationally published biomedical research scientist by background, Jeff is meticulous in managing the selling process and his attention to detail is second to none. He’s a country boy at heart (Blackall, Central Queensland) and understands what makes people tick. He is able to quickly build trust and rapport with people to put them at ease that their property sale is being managed with the utmost care and professionalism.

Jeff founded The Real Estate Doctor in 2021 to enable him to be more flexible in the terms and conditions he can offer to his clients – as well as what he can contribute to MindFx Limited, a charity he helped establish to deliver better recovery pathways for young adults with challenging mental illness.

In his spare time, Jeff enjoys playing squash (the number one sport for your health according to Forbes (2003), advocating for better mental health outcomes and social inclusion (MindFx and Walk ‘n’ Talk for Life), spending time with friends and family, and travelling to new and interesting places.

“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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