UNDER CONTRACT Huh ? Yes, thats right - no mistake - GREAT RETURNS !!!
$159,950
51/ 293 NORTH QUAY BRISBANE
Genuine 1 bedroom (separate bedroom) fully furnished luxury apartment (52m2) in the CBD of Brisbane with great views. Permanent rent $260 pw 6 month lease. Features spa in room, pool, gym, restaurant, 4.5 star hotel amenities. Walk to city, Roma St transit centre and Southbank. Great for those regular trips to Brisbane. Great for the kids who'll be attending college Rates $1100 pa B/ Corp $3,735pa

There are approx 77 parking spots in the building, and 133 units. Parking is generally run as first in first served basis. This is never usually a problem. in getting a parking spot. As approx 80% of the building is run as a hotel, most of the people staying there do not have cars. 99% of the time there is no problem getting a park under the building. If you are to become an owner occupier, then there is the possibility to apply to the body corporate to get a reserved car park (other owners in the building have done this) All owners can go into the hotel pool till 1st December There after there is a refurbishment program starting. All members of the pool must have a refurb package (Approx $25k on the 1 beds) Current gross fees on the one bed are $25-26k pa. Net approx $13,000,. Current ave rent for the building per night = $101. 00 Expected ave rent for the building per night after refurb = $125.00 Current ave stay 1.4 nights, Expected stay lenght after refurb, 3-7nights, Management fee is 12% +gst, + 7% advertising.

Open Sat 15th 1-1.30 pm

Email:- peter@brisbanehomes.com.au

Or phone Peter Wallmer now on 0411 334 646