Ideally located within walking distance — only 2 kilometres (1.2 miles) south of the Brisbane CBD and the Brisbane River, and approximately 1 kilometre (0.6 miles) east of Hill End — these two adjoining one-bedroom apartments, on one title, are a great entry level home or investment. They are easily combined into a two-bedroom apartment, perfect for those looking for a home close to the city.
Looking for an investment? Then the apartments are currently rented until early next year for $295 and $290, providing an annual yield of $30,420. Current rental appraisals show an increase of 5-10% could be achieved on the renewal of the lease(s).
With a solid brick construction, the second level apartments are a mirror of each other with an adjoining door, and there is certainly plenty of privacy and separate spaces for two people living together. The apartments feature low maintenance wooden floors throughout the spacious living areas and bedrooms, making cleaning a breeze. The large built-in wardrobes create enormous storage.
The kitchen and laundry areas are well presented with modern fixtures and fittings. The bathroom has a striking black and white color palette, and the laundry features warm wooden cabinetry with washing machines included.
The north-facing balcony captures the sun at the rear of the apartment and has glorious sweeping suburb views whilst catching the cooling breeze for the warmer days of summer and warm sunshine in the winter, with the added benefit of keeping airconditioning bills at a low.
So centrally and conveniently positioned being close to everything, the apartments are walking distance to restaurants, cafes and bars in Highgate Hill, South Bank and West End. Fine schools and education institutions are also easily accessible within minutes. Just perfect for students, young and old.
With the ease of the bus stop right at the doorstep (20 metres away), the need for the one car garage will be minimal.
The owners are long-term investors with these apartments having made a steady investment for them with good steady rents. The sellers own several apartments in the complex and have looked upon them as a positive investment over time. They may consider selling the other apartments if an investor is looking for a larger holding.
