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Sold on 26 Mar 2024 - Price Unavailable

705/108 Albert Street
Brisbane City QLD 4000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 58m2
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Property Details for 705/108 Albert St, Brisbane City

705/108 Albert St, Brisbane City is a 1 bedroom, 1 bathroom Unit. The property has a land size of 58m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Brisbane City in the last 12 months.

Building Type
Unit
Land Size
58m2
Local Government
Brisbane
Lot/Plan
705/SP154492

Last Listing description (March 2024)

Open Home Directions:

• Walk to the Oaks Brisbane Festival Suites
• Call 0403 405 851

Are you looking to enter the market or purchase the safe investment with high rental return while being situated in the heart of the CBD?

Well, this truly is a fantastic opportunity is not to be missed! Whether you are looking to invest or want a great inner city pad to call your home, this spacious apartment offers a great lifestyle and excellent rental returns. Located in the sought after River City complex, this represents excellent value so you will need to act fast! Additionally, Festival Towers is conveniently located in the heart of Brisbane CBD and is in close proximity to the exciting Queen's Wharf Precinct and the New Albert Street Station. Its prime location adds exceptional value to this already outstanding property.

This unit has a great floor plan with a bedroom separated from the main living room, giving privacy and a spacious open-plan living area that leads out the balcony.
The modern kitchen has quality appliances, with electric cooktop, stone benchtops, and cupboard storage space.

The modern bathroom is on the other end of the unit and includes a large shower. Adjacent of the bathroom, you can find built in laundry, including both washing machine and dryer which come with the unit.

Only approx. 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.

A short 3-minute walk to the new Queen's Wharf Brisbane precinct, which will be a stunning, vibrant new world city development featuring a boutique underground shopping centre, first-class casino, world-class hotels, new public recreational facilities, pedestrian bridge to South Bank and river boardwalks.

In the perfect city heart location, all that the vibrant CBD has to offer is at your fingertips with Queen Street Mall just 200m away and major city hotspots such as the Eagle St Pier, Botanic Gardens, QUT and the Casino are nearby. All forms of public transport are within walking distance.

Unit can come furnished or unfirnshed.

Rental Appraisal:
• If rented through a Hotel Management, $650 per week (unfurnished)
• Rental Agency $650 - $700 per week

Body Corporate & Council Fees:
• Body Corp approximately $1,800 per quarter
• Council fees approximately $400 per quarter

Property Features:

• Situated on the Level 7 of the Festival Tower in the Heart of CBD
• 1 Spacious Bedroom with the Built In Robe, Ceiling Fan and Ducted A/C

• Large Open Plan Kitchen with the Modern appliances including New Electric Cooktop, Dishwasher, Pantry and ample of storage space
• Spacious Stone Breakfast Benchtop is large enough for dining
• Tiled Kitchen

• Spacious Carpeted Living and Dining Area adjacent from one another
• Living Room situated opporsite of the Bedroom and next to the balcony, capturing plenty of natural light and fresh air
• Ducted A/C in the living area

• Built in Laundry situated next to the entrance
• Washing Machine and Dryer stay with the Unit

Festival Towers facilities include:

• Two pools
• Spa, sauna and gymnasium
• Guest lounge
• Outdoor entertaining terrace with BBQ's
• Professional on-site management with 24hr reception
• Secure visitor's car parking

For Any Private Viewings, please contact Marino Fatovic on 0403 405 851

Property History for 705/108 Albert St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
26 Mar 2024
Listed for Rent
$350/w
02 Jun 2020
  • 21 Mar 2024
    Sold for $390,000
  • 04 Mar 2024
    Listed for Sale Expression Of Interest
  • 04 Oct 2022
    Sold for $295,000
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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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Contact agent
Marino Fatovic
Show contact details
Ray White Aspley
Preferred contact:
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.