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Sold on 21 Jul 2024 for $560,000

47/289 Queen Street
Brisbane City QLD 4000

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 66m2
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Property Details for 47/289 Queen St, Brisbane City

47/289 Queen St, Brisbane City is a 2 bedroom, 2 bathroom Apartment. The property has a floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Apartment sold in Brisbane City in the last 12 months.

Building Type
Apartment
Floor Size
66m2
Local Government
Brisbane
Lot/Plan
47/BUP100334

Last Listing description (July 2024)

The Manor Apartment Hotel is a charming, heritage-listed, boutique four-star hotel that is a testament to architectural elegance and historical significance in Brisbane City. One of Brisbane's earliest high-rise structures, the circa 1930 Manor Apartments is a classic example of Art Deco-inspired architecture.

This apartment offers the owner a range of possibilities. You can live in it as an owner-occupier, rent it out long-term, or keep it in the onsite short-term hotel pool ensuring a steady income. Perfect for those who split their time between the countryside or coastal living and regular visits to Brisbane, seeking both a comfortable stay and a profitable investment.

Upon entering, you will discover a spacious open-plan living and dining area, designed for both comfort and versatility. This inviting space seamlessly integrates the living and dining areas, making it perfect for both everyday living and entertaining guests. The well-equipped kitchen features sleek granite benchtops and stainless steel appliances. With ample cupboard storage, you will have plenty of space to keep all your kitchen essentials within easy reach.

Property Features:
- Being sold fully furnished and equipped for self-sufficiency
- Featuring arched double-glazed windows offering views of Brisbane GPO and Queen Street.
- Master bedroom with ensuite, both bedrooms equipped with built-in robes
- Tiled floor-to-ceiling in both bathrooms
- Spacious second bathroom with bath and integrated laundry
- Enjoy comfort all year round with ducted air-conditioning
- Potential long-term rent of approx. $700 - $725 per week fully furnished
- Currently generating approximately $73,000 in gross income per year from the hotel pool

Situated right in the heart of the city right next to the GPO, you are a short walk to the premier shopping destinations, finest restaurants, and all the best that Brisbane has to offer. This prime central location also provides easy access to significant landmarks and cultural attractions in every direction, making it the perfect choice for travellers seeking convenience and to be in the hub of central Brisbane.

They certainly don't make properties like this anymore. This is an opportunity to acquire exceptional real estate and a piece of Brisbane's history.

Auction, Sunday 21st July 2024 from 10:00 am | Brisbane 100 Auction Experience | Rivershed, Howard Smith Wharves, if not SOLD prior.

Please contact Ben Yesberg or Dean Yesberg to obtain further information or to arrange an inspection.

DISCLAIMER: While every effort has been made to ensure the accuracy of the 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.

DISCLAIMER: This property is being sold by auction, therefore due to real estate legislation in QLD and in accordance with REIQ guidelines a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates on this page are not provided by the agent and should not be taken as a price guide.

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Property History for 47/289 Queen St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$560,000
21 Jul 2024
  • 21 Jul 2024
    Sold for $575,000
  • 04 Jul 2024
    Listed for Sale SOLD
  • 27 Apr 2000
    Sold for $238,000
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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 12,274 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 114 properties listed for sale, and 78 properties listed for rent in Brisbane city on OnTheHouse. According to CoreLogic's data, 870 properties were sold in the past 12 months in Brisbane city.

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