FOR SALE
Annual Rental Close to $40,000 (7% ROI !)

2906/222 Margaret Street
Brisbane City QLD 4000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 59m2
Land area: 59m2
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Price alignment for quick sale (must go in next 2 weeks)

Due to high occupancy booking, this unit has mostly been fully booked for most of weekends.
The next two Saturday will be the great window of opportunity to see this unit.
The next door 2907 was sold for $545K 4 months ago with very similar layout without furniture.
The owner of this unit recently made price alignment from $550K to $528,900 plus for QUICK SALE due to situation change.
This Unit comes with furniture package
Currently the owner is getting the fixed net rental income of $730 per week and the lease with AirB&B is upto March 2025 with view to extend.
**Please scroll down to view financial information about this property**
Please copy and paste the link below to view the current AirBnB website portal:
https://www.airbnb.com.au/rooms/1118378686959699970?adults=1&children=0&enable_m3_private_room=true&infants=0&pets=0&search_mode=regular_search&check_in=2024-07-18&check_out=2024-07-20&source_impression_id=p3_1718685201_P3m7Fma79qjafM9X&previous_page_section_name=1000&federated_search_id=85432658-b0d5-4ada-a50d-15d4299e174e
With the current Airbnb business performing exceptionally well and achieving an annual occupancy rate above 90%, this presents an outstanding opportunity for rental revenue.
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Property Details for 2906/222 Margaret St, Brisbane City

2906/222 Margaret St, Brisbane City is a 2 bedroom, 1 bathroom Apartment. The property has a land size of 59m2 and floor size of 59m2. The place is currently for sale with Aurora Asset Management.

Building Type
Apartment
Floor Size
59m2
Land Size
59m2

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About Brisbane City 4000

The size of Brisbane City is approximately 2.5 square kilometres. It has 15 parks covering nearly 18.2% of total area. The population of Brisbane City in 2011 was 7,888 people. By 2016 the population was 9,467 showing a population growth of 20.0% in the area during that time. The predominant age group in Brisbane City is 20-29 years. Households in Brisbane City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brisbane City work in a professional occupation. In 2011, 40.5% of the homes in Brisbane City were owner-occupied compared with 36% in 2016.

Brisbane City has 12,432 properties. Over the last 5 years, Houses in Brisbane City have seen a 1.20% increase in median value, while Units have seen a 39.47% increase. As at 30 November 2024:

  • The median value for Houses in Brisbane City is $629,007 while the median value for Units is $709,314.
  • Houses have a median rent of $720 while Units have a median rent of $740.
There are currently 100 properties listed for sale, and 90 properties listed for rent in Brisbane city on OnTheHouse. According to CoreLogic's data, 858 properties were sold in the past 12 months in Brisbane city.

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Rocky Zhong
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Aurora Asset Management
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