OFF MARKET

404/70 Mary Street
Brisbane City QLD 4000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 54m2
Land area: 63m2
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Property Details for 404/70 Mary St, Brisbane City

404/70 Mary St, Brisbane City is a 1 bedroom, 1 bathroom Unit and was built in 2007. The property has a land size of 63m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
Unit
Year Built
2007
Floor Size
54m2
Land Size
63m2
Local Government
Brisbane
Lot/Plan
404/SP167370

Last Listing description (April 2024)

This impressive apartment situated on the 4th floor boasts a spacious layout featuring 1 bedroom, a separate study, and 1 generous private balcony. Its prime location in the bustling commercial hub of Brisbane City, adjacent to the dynamic Queen's Wharf Precinct and the newly constructed Albert Street Station, adds exceptional value to this property. Perfectly suited for both owner occupiers looking for the convenience of city living and the astute investors looking for steady rental income and capital growth.

Over looking Mary Street, this apartment is one of the more favourable positions in the building!

Property Features:

- 1 King sized bedroom with built-in robe and access to balcony
- 1 Spacious bathroom, with ample bench space and laundry
- 1 Study/office - Fits single bed/desk or good sized home office
- Ducted air-conditioning throughout
- Kitchen with quality appliances and plenty of storage space
- Approx. 63 sqm in total (Internal - approx. 54sqm and approx. 9sqm external balconies) on level 4
- South East aspect
- Intercom security system
- Currently tenanted till 26th October 2023 at $440 per week.
- Rental potential of $650 per week furnished to a long term tenant once current lease ends.

Building Facilities:
- On-site management through Mantra Group
- Outdoor 25m lap pool and sauna
- Well equipped gymnasium
- Barbecue / Recreational Area with plenty of tables and chairs
- Secure Visitor Parking

Only 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.crossriverrail.qld.gov.au/info/#new-stations-top

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/

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

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

Property History for 404/70 Mary St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$320,000
23 Jun 2023
Listed for Rent
$620/w
02 Jan 2024
  • 23 Nov 2023
    Listed for Rent $620 / week
  • 23 Jun 2023
    Sold for $320,000
  • 02 Jun 2023
    Listed for Sale Offers Over $310,000!
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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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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.