OFF MARKET

1308/79 Albert Street
Brisbane City QLD 4000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 53m2
Land area: 73m2
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Property Details for 1308/79 Albert St, Brisbane City

1308/79 Albert St, Brisbane City is a 1 bedroom, 1 bathroom Unit and was built in 2003. The property has a land size of 73m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
2003
Floor Size
53m2
Land Size
73m2
Local Government
Brisbane
Lot/Plan
1308/SP139730

Last Listing description (April 2024)

Located in the heart of the CBD, this rare oversized 73sqm apartment offers convenient city living on the 13th floor of the popular River City Apartments on Albert Street.

With plenty of windows and high ceilings (approx. 2.8 meters) throughout, this apartment is especially welcoming. The large glass sliding doors from the living/dining area give an abundance of natural light and breeze throughout and provide a seamless transition from indoor to outdoor living onto the spacious 20sqm balcony. Combined with the newly fitted, modern appliances in the kitchen, the apartment is perfect for entertaining and relaxing. It could be your ideal pad for vibrant city living or secured as a high returning investment with long-term growth potential.

River City Apartments is a modern and tightly held complex located in the very heart of the Brisbane CBD. As there are many owner-occupiers in this building, this remains one of the most sought after buildings in the City! This is a very well maintained building with a healthy sinking fund and extremely low body corporate fees approx. $4,562 per year compared to other city buildings which are considerably more than this.

The apartment is only 1 minute walking distance to the new Albert Street Station, which is scheduled to open next year and will provide rail services to the southern end of the CBD for the first time, opening up opportunities for employment, business, education, and entertainment. Link -https://www.crossriverrail.qld.gov.au/info/#new-stations-top

It is also only 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://brisbanedevelopment.com/queens-wharf-precinct/

In addition, the Brisbane City Council's Albert Street precinct renewal strategy will see this area transformed into a thriving city precinct where commuting is easy and the streets are alive with greenery, dining, shopping and inspiring art. Link - Albert Street precinct renewal strategy | Brisbane City Council

The property is on the market for the first time since the building was established, having had only one owner who lived there over this time - a much loved property in great condition, but it is time for them to move on! Be sure to not miss out on this amazing opportunity to secure your space in Australia's most transformative city!

Property Features:
-Stylish main bedroom with mirrored built-in wardrobe with balcony access
-Modern well-appointed bathroom
-Great sized entertaining balcony with city and street views
-Modern open plan living
-High ceilings and windows allowing for plenty of natural light and breeze
-Stunning kitchen with large island, stone benchtops and all new quality stainless steel appliances
-Ample space in pantry and storage in kitchen
-Separate concealed internal laundry
-Split system air conditioning for both heating and cooling
-Total living of approximately 73sqm (internal area 53sqm and external balcony 20sqm) on level 13
-Rental potential of $630 per week unfurnished and $680 per week fully furnished for long term tenant
-Good amount of storage
-Vacant possession available - Ready to rent out or move in!

Building Features:
- Pool
- Spa
- Sauna
- BBQ Facilities
- Gym
- Onsite management
- Security access system
- Bicycle rack in basement

For information regarding the Brisbane Inner City property market please go to https://raywhiteiba.com.au/news.

If you require FIRB please advise the agent in writing and visit -https://firb.gov.au/ to ensure that you are in a position to buy.

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.

Property History for 1308/79 Albert St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$382,000
10 May 2023
  • 10 May 2023
    Sold for $382,000
  • 05 May 2023
    Listed for Sale Offers Over $369,000
  • 15 Oct 2003
    Sold for $233,000

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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 12,264 properties. Over the last 5 years, Houses in Brisbane City have seen a -11.52% decrease in median value, while Units have seen a 42.85% increase. As at 31 October 2024:

  • The median value for Houses in Brisbane City is $543,544 while the median value for Units is $695,719.
  • Houses have a median rent of $710 while Units have a median rent of $749.
There are currently 117 properties listed for sale, and 74 properties listed for rent in Brisbane city on OnTheHouse. According to CoreLogic's data, 864 properties were sold in the past 12 months in Brisbane city.

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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.