32/78 Brookes Street

Bowen Hills QLD 4006

With an internal stairwell connecting both (currently blocked off at the apartment could be easy to reinstated)
Currently used as 2 separate rental properties in a single ownership.

The apartment has an excellent open-plan kitchen, dining, and living space that directly opens onto your private and spacious balcony, which looks out over a lovely, perfectly placed street tree.
The master bedroom has an ensuite, walk-in wardrobe, and direct balcony access. The second bedroom has a built-in wardrobe and is directly opposite the main bathroom.
The kitchen is well-sized, with an electric oven, stove, and dishwasher. We have longer term tenants into this part of the property, paying $730 per week.

On the ground floor, you would also own shop 3, around 100m2 retail space and shared use of the front street access car parking reserved for these retail shops. Currently occupied by an excellent long-term tenancy, a private gym & personal trainer with a lease in place until March 2026, earning a rent of $3451 pm, increasing annually in line with CPI.

Unlike anything else you look at, this presents an unparalleled opportunity. A savvy investor will recognise the benefits of two rental properties on a single purchase. Or an owner-occupier could move in and use the income from the commercial lease to the apartment and pay off the mortgage or bills. In the long term, you could even reinstate the internal stairwell and benefit from your own retail space directly attached to your home. You won't find anything else that presents this opportunity, especially this close to the inner city precinct.

Apartment Special Features:
2 bedrooms, 2 bathrooms
1 secure carpark
Dedicated study area
Your master bedroom has an ensuite, built-in wardrobe, and direct balcony access.
Large private balcony with views towards the inner city direction.
The kitchen features an electric oven, a dishwasher, plenty of cupboard space.
A secure storage cage in the lower ground basement level.
This complex's communal facilities include a recently renovated inground swimming pool, and a gym.
This is a secure building requiring key fob access to all areas.

Commercial Retail Shopfront Special Features:
Large open-plan, approximately 100m2 retail space
Excellent trouble-free long-term commercial tenancy as an established personal trainer & private gym
Desirable main road location with incredible marketing exposure to passing traffic
Internal dedicated bathroom with shower, & toilet.
Internal stairwell to the upstairs apartment, currently closed off to the apartment end, and used as storage space.
Shared use ground-level parking

Financials:
Body Corporate Admin Fund fee $TBC per qtr (pay on time discount $TBC)
Body Corporate Sinking Funf fee $TBC per qtr (pay on time discount $TBC)
The body corporate disclosure statement & CMS is available to download further down this page from the attachments section
BCC Rates $TBC per qtr
Commercial tenancy income $3451pm, increasing annually in line with CPI (50% rent discount applied in December)
Apartment Rent: $730 per week on a month fixed-term lease, expiring 24/05/26
Previous AirBnB: the occupancy was 84%