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Sold on 22 Dec 2023 for $750,000

404/108 Albert Street
Brisbane City QLD 4000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 145m2
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Property Details for 404/108 Albert St, Brisbane City

404/108 Albert St, Brisbane City is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Apartment sold in Brisbane City in the last 12 months.

Building Type
Apartment
Floor Size
145m2
Local Government
Brisbane
Lot/Plan
404/SP154492

Last Listing description (December 2023)

Here is the perfect opportunity to purchase a unique quality property in a location that is simply unbeatable. Positioned on level 4 in the popular Festival Towers, this is truly a rare style of apartment to come to market in the CBDI

This well designed, 2 bedroom, spanning over 145sqm features soaring high ceilings providing a larger sense of space & natural light. The rare bonus of a 65sqm fully enclosed courtyard with lush surroundings is ideal for the pet owner who enjoys to entertain. This apartment is vacant and ready to move in and call home. Also suitable for the astute investor is looking for a high yielding investment with strong capital growth potential.

A low maintenance apartment with privacy & security, this property is sure to impress and wont last long!

Property features:
-2 large separated bedrooms - master with courtyard access and ensuite
-2 bathrooms
-1 secure car space (C 19 on level 2)
-Large secure storage cage (S75 on level 1 - Behind a locked door for extra security!)
-Total area of approx.145 sqm (80sqm internal; 65sqm courtyard)
-Fully enclosed courtyard
-Extra high ceilings
-Sold unfurnished
-Modern kitchen with gas cooktop & dishwasher - new rangehood installed
-Air-conditioned throughout
- Rental potential of approx $920-930 per week unfurnished and approx $1,000 per week furnished.

The owners of this much loved property have relocated and require an outcome ASAP. This property represents the best value currently for sale in the CBD!

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.

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 5 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/

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.

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Property History for 404/108 Albert St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$750,000
22 Dec 2023
Listed for Rent
$550/w
27 Aug 2011
  • 22 Dec 2023
    Sold for $750,000
  • 15 Dec 2023
    Listed for Sale Offers Over $735,000
  • 01 Sep 2011
    Sold for $470,000
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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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Kirsten Walsh
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Ray White Inner Brisbane Apartments
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