411/348 Water Street

Fortitude Valley QLD 4006

Located on the 4th floor of the "Cambridge Towers" building in Central Village with resort style amenities. Central Village is a development on the edge of Fortitude Valley and Spring Hill, and incorporates Cambridge and Oxford Towers with an on-site management office.

This modern one-bedroom apartment offers the below features:
- Spacious outdoor balcony with city view
- Modern kitchen featuring ample cupboard space for storage, including a built-in microwave, eletric cooktop, oven and dishwasher
- Large bedroom with vast built-in wardrobes for clothes and storage
- Generous bathroom with great lighting
- Air-conditioned throughout including ceiling fans
- Laundry space with clothes dryer included
- Tiled throughout in both the kitchen and living room areas
- Split air-conditioning system and ceiling fan in both the living room and bedrooms

The complex features:
- Lifestyle and convenience in a resort-style development
- Lagoon swimming pools with BBQ and seating facilities
- Pavilion room with a large snooker/pool table, TV and 2 large sitting areas
- A fully equipped gym and a large yoga lawn
- Private rooftop area with city views at level 19 - Capturing views over Brisbane's CBD and you can enjoy Riverfire from the Story Bridge!
- Secure building with CCTV, intercom, resident-only access and on-site management

Resident can obtain Brisbane City Council Resident Street Parking Permit, 12 months for $15.

Rental information - Good Investment income for the property investor!

This property is listed under the National Rental Affordability Scheme (NRAS) until August 2024. The current NRAS rental price is $248 per week and the lease is valid until 05/12/2022 or future lease renewal. Under the NRAS scheme, the property owner can enjoy an extra non-taxable incentive of around $11,124 per year. The new owner has no obligation to continue with NRAS.

Fortitude Valley is experiencing strong rental price growth with the potential to reach a $400~410 weekly rental price.

More information:
*Body Corp: $1,401.69 every 4 months approx (around $80.86 per week)
*Council Rates: $450.2 p.q. approx
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments spread over 19 Floors
*Pet friendly complex

Living is easy with public transport connections such as Fortitude Valley Train Station, King Street bus and train stations as well as Bus Stops all within a 10-minute walk from your doorstep.

- 0m to the closest Caf, Supermarket, Swimming pool, Gym
- 80m to the bus stop
- 350m to Brisbane Exhibition Grounds
- 400m to King Street Dining Precinct
- 450m to Fortitude Valley Train Station and Woolworths
- 550m to Bank branch and Australia Post
- 650m to Fortitude Valley China Town
- 1km to Royal Brisbane and Women's Hospital (RBHW)
- Less than 2km to Brisbane CBD