1115/188 Shafston Avenue KANGAROO POINT QLD 4169
Offers Over $185,000

DESCRIPTION

Located on the top floor, this larger style fully furnished, air conditioned studio with north facing balcony is now available for sale. This unit is a highly sought after unit type in the Shafston Mansions building having a balcony, air-conditioning and including a full inventory of furniture.
Unlimited potential and no limitations for an investor, or as a stop over home-base for you while in Brisbane, or for your family to use attending University - total autonomy and no limitations over this asset.
Current evidenced rent income at $320 per week long lease to August 2018. A 6.0+% approximate nett return.
The flawless positioning of the iconic Shafston Mansions building integrates young professionals with the extensive list of amenities in both the building and the local area have to offer.
The Shafston Mansions building boasts an array of amenities such as a recreational lounge, on-site laundry, fully equipped indoor and outdoor gym, cafeteria as well as photocopying/printing facilities. Further to this, the onsite management team are present 24 hours a day to attend to all related tasks and with secure swipe card access throughout the building - security is not an issue.
You have total autonomy over your asset as this studio can be owner occupied, or managed by any agency of your choice or directly managed by yourself.
With the Brisbane traffic levels on the rise, this property is in a prime position with very close proximity to both City Cat & City Hopper Ferry Services (5 mins walk), bus services as well as a City Cycle station close by. Further to this, there are a range of local cafes, restaurants, supermarkets and bars nearby.

Important Financial Points:
- Body Corporate Fees: $2,541 per year (Including Free Electricity & High Speed Internet Provided within this)
- Council Rates: $1,254.20 per year
- Rental income $320 per week - current lease to August 2018

Important Property Points:
- 1 Bedroom, 1 Bathroom with North facing balcony
- 28sqm Internal Floor Area
- Situated on the 11th Floor facing North with River Views
- Rental income $320 per week - current lease to August 2018
- Fully Furnished and Equipped
- 24 Hour On-Site Management & Secure Access
- Electricity & High Speed Broadband (approx 16gb per week) provided by the Body Corporate
- Recreational Lounge, Fully Equipped Gym & Cafeteria
- City Cat, City Hopper, Bus & City Cycle Services all close by
Contact Stephen Pahl on Reveal Phone for your private inspection.