Property Details for 403/60 Park Rd, Milton
403/60 Park Rd, Milton is a 1 bedroom, 1 bathroom Unit with 1 parking spaces.
Last Listing description (February 2024)
Another Property Sold by The Doctor. Attention: Frequent Business/Leisure Travellers to Brisbane and Savvy Investors. Why pay for accommodation when you can stay in your own apartment and reduce your costs dramatically. This is one of the BEST VALUED ONE BEDROOM KING APARTMENTS in the Inner City. Fantastic Location! Extraordinary convenience with spectacular city and river views. This is the perfect getaway home or business accommodation for busy people who want comfort, convenience and lifestyle in a fantastic location that offers so much. This is a no brainer for the smart savvy buyer who wants lifestyle above all else. Do the math. IF YOU PLAN TO COME TO THE SCHEDULED OPEN HOME PLEASE CALL FIRST - 0432 00 33 55.
This apartment is ideal for an individual or couple that frequent inner city Brisbane for work or pleasure and want their own place rather than staying at a hotel or friend's place. And when you are not using your apartment, have it rented out on a daily basis by allowing the onsite professional management to rent it for you or AirBnB it. You will be surprised at how much you will save by not paying regular hotel accommodation in the CBD or close by. Join the others who have recently purchased in the Cosmo Apartments for this very reason (to save you money and make life that much more enjoyable). The math is simple. Call or email today to learn more. Please note, you can't use this property as your principal place of residence, however owners have good rights - call the agent for further details.
Remove the hassle of commuting. Your fully furnished spacious apartment in a cracking location is waiting for you. Stay whenever you need it; stay for a weekend, stay mid-week, or stay for a month. When not using your apartment, have the friendly professional onsite Cosmo Staff rent it out in the short-term rental pool for you or AirBnB it. So easy. Cleaning and maintenance no problem, they will also look after that for you. Apart from the cracking location, the next best thing about this apartment is that it's very affordable.
ABOUT THE LOCATION
With Roma St Station Precinct upgrade (includes cross-River Rail) and new world class Queen's Wharf Brisbane both under construction, together with the bonus of the Olympic Games being held in Brisbane in 2032 this is a no brainer for the long-term savvy buyer.
- Located on trendy Park Road
- Walk to everything, restaurants, iconic hotels, cafes, bottle shop, shopping areas and cinemas.
- 15 minutes drive to the Brisbane domestic airport (less to the international airport)
- Brisbane's most acclaimed Chinese restaurant "China Sea - Milton" is a resident in this complex.
- Do you love sports and entertainment - Suncorp Stadium is 1.0 km away
- Walk to the Milton Train Station (two stops to the city)
- The Milton CityCat Terminal is 150 metres away (one stop to the city, two stops to Southbank parklands, restaurants, museum, performing arts and much more)
- Walk to the City (approx. 2.3 km - 30 min)
- Less than an hour's drive south or north to world class beaches
- Do you like walking, running, or cycling - fantastic riverside walkway is just 100 metres away
ABOUT THE APARTMENT
- Stylish 4.5 star studio apartment on the fourth level of a five story boutique complex
- 58 sqm of living plus free use of the secure carpark when the owner stays.
- Private balcony with fantastic views of the city and Brisbane river
- Free High speed Wi-Fi
- Rare, free car parking available when owner stays
- Tasteful decor and furnishings
- Self-contained kitchenette, including dishwasher
- Washing machine and drier in bathroom
- Sold fully furnished
- Airconditioned
- Small gym and large sauna
- Professionally managed by Central Cosmo Apartments
FINANCIAL INFORMATION ON THIS PROPERTY
The average net revenue for a king one bedroom apartment in Cosmo Central is approximately $1,700 per month (at an occupancy rate of 90%) after rental management fees, cleaning fees and maintenance costs.
Outgoings
Brisbane City Council Rates: Approx. $430 per quarter
Qld Urban Utilities (Water). Approx. $280 per quarter
Body Corporate and Insurance Fees: Admin ($5,761) & Sinking Fund ($753) and Insurance ($595) = $7,109 per year
Balance of Sinking Fund: $287,764 as of 10 Oct 2023.
Want a virtual tour no problems. For further information on this property, please call (0432 00 33 55) or email Jeff Smith.
Property History for 403/60 Park Rd, Milton, QLD 4064
- 02 Oct 2023Listed for Sale Not Disclosed
- 14 Feb 2023Listed for Rent $570 / week
- 10 Feb 2022Listed for Sale $320,000
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About Milton 4064
The size of Milton is approximately 1.3 square kilometres. It has 9 parks covering nearly 10.3% of total area. The population of Milton in 2011 was 1,987 people. By 2016 the population was 2,289 showing a population growth of 15.2% in the area during that time. The predominant age group in Milton is 20-29 years. Households in Milton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Milton work in a professional occupation. In 2011, 34.9% of the homes in Milton were owner-occupied compared with 36.3% in 2016.
Milton has 2,819 properties. Over the last 5 years, Houses in Milton have seen a 31.21% increase in median value, while Units have seen a 28.69% increase. As at 31 October 2024:
- The median value for Houses in Milton is $1,518,192 while the median value for Units is $630,120.
- Houses have a median rent of $665 while Units have a median rent of $620.
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