OFF MARKET

511/37 Mayne Road
Bowen Hills QLD 4006

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 53m2
Land area: 137m2
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Property Details for 511/37 Mayne Rd, Bowen Hills

511/37 Mayne Rd, Bowen Hills is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2020. The property has a land size of 137m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
Unit
Year Built
2020
Floor Size
53m2
Land Size
137m2
Local Government
Brisbane
Lot/Plan
511/SP259430

Last Listing description (June 2022)

Above it all, Close to it all. Panorama Brisbane is positioned in the heart of Brisbane's thriving metropolis. Just 2kms from the Brisbane CBD and a short walk to the unique, diverse surrounding attractions that represent everything the Brisbane playground has to offer.

Now is the time to invest in Brisbane with robust economic drivers, including strong migration, record infrastructure investment and a cost-competitive property marketing leading up to the 2023 Olympics.


APARTMENT FEATURES:

- Spacious 1 Bedroom design with a large MPR (Multi-purpose room - big enough for a comfortable home office, a children's room or could include a futon for guests)
- Large courtyard 84 sq m!! with private access to the pool area and zen garden
- Architectural designed apartments, superior finishes including ducted A/C, Bosch appliances, timber tile floors, stone benchtops, intercom access, double glazed glass windows and doors
- Level 5, Highly sought-after floor plan


THE LOCATION:

- 2km from Brisbane CBD
- 10-minute walk to Brisbane's prime lifestyle destinations including;
James Street Precinct - shopping, dining, nightlife, and the exclusive Calile Hotel - https://www.jamesst.com.au/
King Street Dining Precinct - https://www.kingstreetbrisbane.com/
- 2-minute walk to Bowen Hills Train Station (200m)
- Located in the Olympic City
- 5-minute walk to the RBWH Bus Interchange & Hospital Facilities (700m)
- 10-minute drive to Brisbane Domestic & International Airports
- Easy access to Brisbane's tunnel network (100m)

BUILDING FEATURES:

- Panoramic Sky Deck on level 26 boasting spectacular views of the Brisbane River and City, outdoor movie screen, dining, bench seats, BBQ/kitchen
- Panorama resort style amenities on level 5 include 30m lap pool, Zen Garden with sun lounges, sauna, BBQ/dining area and a well-equipped gym
- Ample visitor parking, a large bike storage room with an abundant amount of bike racks securely located on Level 1B
- A caf and barber shop currently being installed in two of the retail spaces on the ground floor of the building

INVESTOR'S OVERVIEW:

- High rental yields of 5%
- 0% Vacancy Rates in Panorama
- Rent paid weekly to owners - shave years off your mortgage
- Low Body Corporate Fees: Approximately $3,000/per year
- Council Rates: Approximately $1,200/per year
- Depreciation Schedules available
- Investment Brochure available
- On-site Senior Property Manager with 5 Star Google Reviews
- On-site Building Facilities & Asset Manager
- Strong interstate migration - Brisbane's population forecasted to increase by more than 600,000 residents to 3 million by 2027
- 27 Olympic venues within 5km of Panorama Apartments
- Arden Group has over 30 years' experience in delivering stylish apartments with strong growth and yield for investors. Arden has delivered over $1 billion in development projects across Australia in the last 10 years

Panorama Display Apartments are open on Saturdays from 10am to 11am.

Panorama Display Apartments are also available to view during the week (in person or virtual tour) by appoint only.

Call our Arden Sales Team today on 1300 789 289 to arrange a private inspection, or to receive more information about additional Developer retained Panorama Apartments.

Please note, apartment photos are indicative only.

Property History for 511/37 Mayne Rd, Bowen Hills, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$440,000
28 Jun 2022
  • 28 Jun 2022
    Sold for $440,000
  • 12 May 2022
    Listed for Sale Contact Agent

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About Bowen Hills 4006

The size of Bowen Hills is approximately 1.7 square kilometres. It has 2 parks covering nearly 4.2% of total area. The population of Bowen Hills in 2011 was 1,744 people. By 2016 the population was 3,214 showing a population growth of 84.3% in the area during that time. The predominant age group in Bowen Hills is 20-29 years. Households in Bowen Hills are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bowen Hills work in a professional occupation. In 2011, 25.6% of the homes in Bowen Hills were owner-occupied compared with 17.5% in 2016.

Bowen Hills has 4,063 properties. Over the last 5 years, Houses in Bowen Hills have seen a -60.70% decrease in median value, while Units have seen a 26.14% increase. As at 31 October 2024:

  • The median value for Houses in Bowen Hills is $556,481 while the median value for Units is $561,889.
  • Houses have a median rent of $600 while Units have a median rent of $600.
There are currently 52 properties listed for sale, and 24 properties listed for rent in Bowen hills on OnTheHouse. According to CoreLogic's data, 431 properties were sold in the past 12 months in Bowen hills.

Suburb Insights for Bowen Hills 4006

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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.