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Sold on 02 Apr 2024 for $690,000

1307/108 Albert Street
Brisbane City QLD 4000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 87m2
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Property Details for 1307/108 Albert St, Brisbane City

1307/108 Albert St, Brisbane City is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Apartment sold in Brisbane City in the last 12 months.

Building Type
Apartment
Floor Size
87m2
Local Government
Brisbane
Lot/Plan
1307/SP154492

Last Listing description (April 2024)

Situated in the highly sought-after Festival Towers complex located in the heart of all the action! Do not delay in securing a spot in Australia's most transformative city with ground-breaking entertainment, transport and commercial infrastructure projects well underway. This well-maintained and freshly refurbished two-bedroom apartment is a property you must put on your list if you are looking for a quality Inner City home with an unbeatable location. Well suited to the astute investor looking for a solid rental yield with capital growth potential. Either way, you won't be disappointed!

Only approx. 1 minute walking distance to the new Albert Street Station, which will provide rail services to the southern end of the CBD for the first time, opening up opportunities for employment, business, education, and entertainment. It will be the first new inner-city train station in 120 years with over 67,000 passengers projected every day. Link https://www.colinwalsh.com.au/cross-river-rail/

Only approx. 3 minutes walking distance to The Queen's Wharf Brisbane precinct, which will be a unique and vibrant new world city development featuring a boutique underground shopping centre, first-class casino, new public recreational facilities, pedestrian bridge to South Bank and river boardwalks. Link - https://www.colinwalsh.com.au/new-world-class-entertainment-precinct-for-queens-wharf-brisbane/

Vacant Possession! Ready to move in or rent out, the owners are eager to sell and will look at all written offers. Be quick, this one won't last long!

Property Features:
-Two generous sized bedrooms both with built-ins - Oversized master bedroom 4.5sqm x 3sqm!
-Two modern bathrooms, both with new shower screens & regrouting
- Spacious open plan living - 7sqm x 3.6sqm approx.
- Near new painted and quality new carpet.
-One secure car space (C.253 on level 2 and large storage cage S.34 on level 2 - Approx. 2.1m x 2.3m)
-Modern kitchen with gas cooktop & new dishwasher
-Total space of 87sqm on level 13 (84sqm internal 3sqm balcony)
-Ducted air conditioning throughout
-Sold furnished
-Rental potential of approx. $870 to $890 per week furnished with a long-term tenant

Festival Towers building facilities include a pool, spa, sauna, and gymnasium and BBQ area. In the perfect city heart location, all that the vibrant CBD has to offer is at your fingertips with Queen Street Mall just 200m away.

For information regarding the Brisbane Inner City property market please go to colinwalsh.com.au.

This fantastic opportunity will not last - register your interest today.

*Please advise the agent in writing before placing an offer if you require Foreign Investment Review Board approval (FIRB). Please visit - https://firb.gov.au/ for further details.

DISCLAIMER: Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.

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Property History for 1307/108 Albert St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$690,000
02 Apr 2024
  • 23 Mar 2024
    Sold for $690,000
  • 21 Mar 2024
    Listed for Sale Offers Over $690,000!
  • 02 Sep 2022
    Sold for $520,000
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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 12,281 properties. Over the last 5 years, Houses in Brisbane City have seen a -11.86% decrease in median value, while Units have seen a 41.78% increase. As at 30 September 2024:

  • The median value for Houses in Brisbane City is $523,726 while the median value for Units is $701,981.
  • Houses have a median rent of $720 while Units have a median rent of $725.
There are currently 105 properties listed for sale, and 77 properties listed for rent in Brisbane city on OnTheHouse. According to CoreLogic's data, 861 properties were sold in the past 12 months in Brisbane city.

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