FOR SALE
$2,538,000

Contact Agent For Address
Fortitude Valley QLD 4006

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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$407,370 High Net Income in Brisbane's Centre - ID 8553

Mixed Management Rights for Sale
Easy Duties with Great Upside Potential
- High net income of $406,370 in the heart of Fortitude Valley, one of Brisbane's most sought-after locations.
- Mixed rental building with a letting pool of 40 units (31 holiday and 9 permanent), plus 32 managed by outside agents or self-managed, offering significant income upside potential.
- Consistent year-round holiday bookings with a smooth operation in place and simple tasks. Minimal garden and green area maintenance required.
- All units are one-bedroom or studio apartments, ensuring stability in the holiday rental roll.
- Body corporate salary of $125,962 plus GST, with annual CPI increases.
- Long 25-year agreement with 23 years remaining.
- Renovated 1-bedroom, 1-bathroom manager’s apartment included.
- Professional office and ample storage spaces attached.
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Property Details for Contact Agent For Address, Fortitude Valley

Building Type
Commercial
Floor Size
1m2

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About Fortitude Valley 4006

The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of total area. The population of Fortitude Valley in 2011 was 5,615 people. By 2016 the population was 6,976 showing a population growth of 24.2% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation. In 2011, 27.3% of the homes in Fortitude Valley were owner-occupied compared with 21% in 2016.

Fortitude Valley has 8,278 properties. Over the last 5 years, Houses in Fortitude Valley have seen a -52.15% decrease in median value, while Units have seen a 45.03% increase. As at 30 November 2024:

  • The median value for Houses in Fortitude Valley is $660,298 while the median value for Units is $568,402.
  • Houses have a median rent of $600 while Units have a median rent of $600.
There are currently 85 properties listed for sale, and 60 properties listed for rent in Fortitude valley on OnTheHouse. According to CoreLogic's data, 701 properties were sold in the past 12 months in Fortitude valley.

Suburb Insights for Fortitude Valley 4006

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Bill He
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Management Rights Sales Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.