OFF MARKET

615/222 Margaret Street
Brisbane City QLD 4000

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 63m2
Land area: 63m2
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Property Details for 615/222 Margaret St, Brisbane City

615/222 Margaret St, Brisbane City is a 2 bedroom, 1 bathroom Unit and was built in 2017. The property has a land size of 63m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
2017
Floor Size
63m2
Land Size
63m2
Local Government
Brisbane
Lot/Plan
615/SP272943

Last Listing description (October 2024)

Luxury meets convenience in this well-sized two-bedroom, one-bathroom apartment nestled within Brisbane's iconic landmark, Sky Tower. Enjoy a remarkable investment opportunity with a generous $680 weekly rental income already secured, making it an ideal choice for investors seeking immediate returns.

Immerse yourself in the vibrant heartbeat of Brisbane's CBD, as this residence places you at the epicenter of urban living. Revel in the unparalleled convenience of state-of-the-art facilities, including a pristine pool and a fully-equipped gym, ensuring a lifestyle of both indulgence and well-being.

The spaciousness of both bedrooms is complemented by built-in wardrobes, offering a perfect blend of comfort and functionality. Don't miss your chance to own a piece of Sky Tower, where sophistication, location, and a promising rental income converge seamlessly.

Property Features:
* Two bedrooms with built-in wardrobes
* One lavish bathroom with floor to ceiling tiles
* Storage cage
* Modern kitchen with European appliances with gas cooktop and dishwasher
* Floor to ceiling windows throughout the living area with a leafy outlook
* Fully ducted heating & cooling air conditioning
* Separated concealed internal laundry
* Approx. 63sqm in total on level 6
* Rental income of $680 per week furnished to a long term tenant (expiring in December 2024)
* Potential Income $750 - $800 per week furnished to a long term tenant
* Low body corporate fees
* Quality furniture throughout
* Access to Pool, Gym and BBQ area on level 40
* Includes a 2sqm storage space/scooter parking space

This stunning apartment is not only replete with modern comforts but also offers easy access to Brisbane City's vibrant lifestyle offerings at your doorstep!

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.

Minutes is all it takes to walk to the Eagle Street Pier and Waterfront Precinct development that will integrate notable riverside spots to create vibrant public spaces, shopping, and dining.

Also nearby 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.

Also incredibly close to the Howard Smith Wharves - this property offers an array of dining options, bars, and green spaces.

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

If you require FIRB please advise the agent in writing and visit -https://firb.gov.au/ to ensure that you are in a position to buy.

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 615/222 Margaret St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$320,000
18 Feb 2021
Listed for Rent
$680/w
24 Oct 2023
  • 30 Oct 2024
    Sold for $535,000
  • 21 May 2024
    Listed for Sale Offers Over $535,000
  • 11 Oct 2023
    Listed for Rent $680 / week
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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.