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Sold on 04 Apr 2024 for $915,000

507/229 Queen Street
Brisbane City QLD 4000

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 106m2
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Property Details for 507/229 Queen St, Brisbane City

507/229 Queen St, Brisbane City is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 106m2. 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.

Building Type
Apartment
Floor Size
106m2
Local Government
Brisbane
Lot/Plan
507/SP139980

Last Listing description (April 2024)

Apartments in the historic MacArthur Chambers are rarely available and tightly held. This presents a unique opportunity to own a piece of luxurious heritage living in one of the city's best locations.
The spacious 106m2 apartment boasts a spacious and well-designed floor plan, featuring high vaulted ceilings with a large lounge and a dining room leading to its own balcony. The apartment has two large bedrooms, both with en-suite with marble finishes and a separate study nook. The property's ornate ceilings and window alcoves exude a divine charm that blends the best of both heritage and modern city living.

Located right in the heart of the City you will walk out the front door with easy access to the city's best retail shopping, and restaurants, with Woolworths, coffee shops, a pharmacy, and other amenities on the lower level of the building.

The features:

- 106m2 apartment on level 5 of the historic Macarthur Chambers
- Ducted air-conditioning throughout
- European appliances in kitchen, gas cooktop- Separate laundry
- 1 secure car park
- Currently rented through the on-site manager in the hotel pool returning Approx $70,000pa *
Location
- Being sold Fully Furnished

Location
- Approx 20m to Queen St Mall- Approx 20mto Tattersall's Club
- Approx 250m to Cross River Rail station
- Approx 500m to Queens Wharf Casino precinct
-Approx 400m To Eagle St Business precinct
- Approx 500m to Botanical Gardens

The apartment 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 a person living 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. The apartment is available with vacant possession upon request.

This is a rare and unique opportunity the seller is determined to sell.
* Based on 22/23 Financial year earnings

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Property History for 507/229 Queen St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$915,000
04 Apr 2024
  • 13 Mar 2024
    Sold for $915,000
  • 21 Feb 2024
    Listed for Sale SOLD
  • 03 May 2018
    Sold for $615,000
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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 12,412 properties. Over the last 5 years, Houses in Brisbane City have seen a -13.09% decrease in median value, while Units have seen a 43.42% increase. As at 31 August 2024:

  • The median value for Houses in Brisbane City is $571,649 while the median value for Units is $704,006.
  • Houses have a median rent of $750 while Units have a median rent of $723.
There are currently 110 properties listed for sale, and 97 properties listed for rent in Brisbane city on OnTheHouse. According to CoreLogic's data, 862 properties were sold in the past 12 months in Brisbane city.

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