403/16 Merivale StreetSouth Brisbane QLD 4101
Property Details for 403/16 Merivale St, South Brisbane
403/16 Merivale St, South Brisbane is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 2012. The property has a land size of 72m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Last Listing description (January 2023)
Stylish and central, this unit packs a punch in both quality and possibility. Located within a serviced apartment complex, the new owner will enjoy hotel style living in a fully furnished, modern space complete with underground allocated parking, gym, and pool or enjoy a guaranteed annual return of over $21,200 after costs without lifting a finger!
At a glance:
1 bedroom
Open plan living/dining/kitchen
Butlers' laundry
Lift access
Underground secure car space
Pool
Gym
On-site manager
The unit is finished with:
Daikin inverter AC
Stone benchtops
Bosch dishwasher
Induction cooktop
Range hood
Smeg electric oven
LED downlights
Built in robe
Intercom
Fully furnished
Updated smoke alarms
Investors corner:
Built 2010
Brisbane City Council Rates approx. $365 per quarter
Body corporate levy approx. $1,600 per quarter including admin fees, sinking fund and insurance.
Sinking fund balance $261,407 as of April 2022
Part of the hotel pool with guaranteed rental return. Approx $500 a week.
Vacant possession - move in ready or maintain within the hotel pool
In the Brisbane State High School and West End State School catchments
Not in a flood zone
Built by the famous South Brisbane developer, Aria, the complex is a quality build with high end features throughout. On the 4th floor, buyers will love the large balcony with floor to ceiling sliding doors that open the open plan living space to the outdoor entertainment area. With an easy flow and understated luxury feel, the property will suit the first home buyer looking for a central, easy and comfortable lifestyle or the astute investor seeking a hands-off income stream.
Viewing is by appointment only between 12-1.30 pm daily. Please call 0412 312 900 to organise an inspection. Open homes will be organised on a weekly basis on Saturdays so please stay tuned!
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
Property History for 403/16 Merivale St, South Brisbane, QLD 4101
- 07 Dec 2022Sold for $375,000
- 03 Nov 2022Listed for Sale UNDER CONTRACT
- 30 Aug 2010Sold for $395,000
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About South Brisbane 4101
The size of South Brisbane is approximately 2.3 square kilometres. It has 14 parks covering nearly 12.6% of total area. The population of South Brisbane in 2011 was 5,416 people. By 2016 the population was 7,179 showing a population growth of 32.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation. In 2011, 32.8% of the homes in South Brisbane were owner-occupied compared with 29.6% in 2016.
South Brisbane has 10,241 properties. Over the last 5 years, Houses in South Brisbane have seen a 55.41% increase in median value, while Units have seen a 47.66% increase. As at 31 October 2024:
- The median value for Houses in South Brisbane is $1,601,446 while the median value for Units is $717,255.
- Houses have a median rent of $680 while Units have a median rent of $750.
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