Property ID : 43256
For Sale $551,000 - Apartment
The Governor Bowen Hills
The inner City suburb of Bowen Hills is named after the first Queensland Governor, Sir George Ferguson Bowen (1821 -1899). Perfectly located just 2km from the CBD the fastest growing City in Australia. One of the only boutique developments in Bowen Hills ensuring good rental demand. Only a 10min walk to Bowen Hills Train Station & Fortitude Valley Train Station. Only1 stop away from the Brisbane CBD. Easy access to Brisbane International & Domestic Airports, the Sunshine Coast, Gold Coast via the Clem 7 Tunnel & Airport Link Tunnel. Bowen Hills has been declared one of Brisbane’s important urban development areas over $2.9b is being spent on the RNA Showgrounds. Close to major emplyment hubs, such as RBH, Brisbane Convention Centre & Brisbane CBD
Proximity to CBD and Local Amenities
2km from the Brisbane CBD, less than 250m walk to Bus with Buses departing every 15mins in peak hour. 3km to Queensland University Technology. Kelvin Grove College, Brisbane Grammar, St Joseph College, Brisbane Central Primary all within close proximity. Close to M1 Freeway & Clem 7 Tunnel, whisking you to the Brisbane International & Domestic Airport. Local Amenities: High level of infrastructure with Bowen Hills Railway Station, Royal Brisbane Hospital, Womens Hospital & the RNA Showgrounds which is currently under major redevelopment. On completion it will be home to more than 3000 people. Shopping has never been more convenient you can choose to shop in the CBD or take a quick drive to James Street one’s of Brisbane’s premier gourmet Shopping precincts. If ALDI is your preferred option take a quick 15min drive out to Kelvin Grove.
The 40-apartment complex includes 20 one-bedroom apartments and 20 two-bedroom apartments, with prices from $384,000 and $557,000 respectively. However, their advertising material suggests that those looking for a penthouse can get in for $430,000. This is the upper end of the one-bedroom price range and has a balcony. With some boasting views of the city, and each with a maximized north-facing aspect where possible, there will also be a basement area with bicycle amenities and a rooftop lounge. Professional on-site management is also included. The 12-level development, of which residential spans 10 with car parking on the lower two, offers car parking for the upper level one-bedroom properties and for all of the two-bedroom apartments. The two-bedroom apartments are around 80 square metres, with one-bedroom apartments around 50 to 60 square metres.
Living Areas: High Quality Glazed Porcelain Tiles, Fan, Air-Conditioning & Blinds Bedrooms: Carpets, Air-Conditioning to Master Only, Fans to Others, Built in Robes with Mirror & Vinyl Doors & Blinds Kitchen: High Quality Glazed Porcelain Tiles, S/S Oven, Cooktop, Rangehood & Dishwasher, Reconstituted Benchtop, White Melamine Cupboards & Mixer Tap Bathroom/s: Ceramic Tiled, Shaving Cabinet, China Basin, Dual Flush Toilets, Semi Frameless Shower Screen (Pivot or Sliding) Laundry: Tub & Clothes Dryer Outdoor Areas: Tiled with non slip surface, Framed Aluminium Glass Balustrade & or Rendered Blockwork Car Parking: As Per Available Lot Storage: Linen & Robes Air-conditioning: Split To Living Area & Master Bed Communications: TV Points to Beds & Living Area (FTA & Digital) & Cable Ready for Pay TV, Phone to Master Bed & Kitchen & ADSL Internet
Buying this property for investment?
Below is a snap-shot of the income and expenditure analysis for a property purchase of around $450,000. The investor would actually be in a cash-flow positive position (making around $40.00 per week) after Negative Gearing benefits are taken into consideration. The benefits will change based on your income, interest rates, loan term, depreciation, general property expenses and other market conditions.
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- Council Rates: : $2,000 to $2,000 Per Annum
- Body Corporate:: $3,328 to $3,328 Per Annum
- Estimated Rentals: : $360 to $620 Per Week Average: $490
- Property Price Range : : $393,000 to $559,000 Average $473,833
- Configuration: One and Two Bedrooms