503/167 Albert StreetBrisbane City QLD 4000
Property Details for 503/167 Albert St, Brisbane City
503/167 Albert St, Brisbane City is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 71m2. 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.
Last Listing description (April 2024)
Rarely available is this stunning 2 bedroom apartment on the 5th floor in the heritage-listed 'Royal Albert Apartments - This is your opportunity to buy a piece of Brisbane's History in the best central position in town! This magnificent apartment boasts character and elegance combined with comfortable living, high ceilings and ample natural light. In immaculate condition, this apartment is sure to impress!
Royal Albert was constructed in 1913 and refurbished as a 73-room Boutique Apartment Hotel in 1996. It offers the owner versatility in ownership to either live in as an owner occupier, rent long term, or leave in the onsite Hotel pool securing good income from short-term holiday and business stays. The property is ideal for the person in the country or living up or down the coast who comes to Brisbane regularly and wants a lovely place to stay when in town but can also get a good return when not there.
Property Features
- 2nd bedroom or study room
- One large marble bathroom
- 1 secure car park
- 71sqm total living area
- Large windows allowing natural light facing Elizabeth Street
- Fully furnished with quality fixtures
- High ceilings throughout
- Ducted A/C throughout
- Rental potential to a long-term tenant furnished $720 - $750per week
- Currently in the on-site hotel pool returning over $70,000 per annum gross return
Location
- Approx 100m to Queen St Mall
- Approx 50m to Cross River Rail station
- Approx 300m to Queens Wharf Casino precinct
-Approx 600m To Eagle St Business precinct
- Approx 300m to Botanical Gardens
This property is about location, location and your chance to buy a piece of history. Its a rare opportunity with only 1 other 2 bedroom unit selling in the building in the last 5 years. Opportunities like this do not come up very often.
Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability with respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.
Property History for 503/167 Albert St, Brisbane City, QLD 4000
- 15 Apr 2024Sold for $600,000
- 14 Feb 2024Listed for Sale For Sale
- 16 Dec 2018Sold
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0About 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 12,417 properties. Over the last 5 years, Houses in Brisbane City have seen a -17.85% decrease in median value, while Units have seen a 38.06% increase. As at 31 July 2024:
- The median value for Houses in Brisbane City is $535,402 while the median value for Units is $704,551.
- Houses have a median rent of $775 while Units have a median rent of $720.
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