349/85 Deakin Street

Kangaroo Point QLD 4169

THE PROPERTY:
Located ideally at Kangaroo Point, this property is steps to the Brisbane River foreshore and Story Bridge precinct. A short walk also to the Howard Smith Wharves precinct, this inner-city apartment is an exceptional opportunity for those seeking a "set and forget" style of investment.

A loft-style apartment with incredibly high ceilings, the architectural design of this apartment is clever and desirable. Filled with light and with gorgeous green outlooks, this apartment is a true standout.

Features of the property include:
+ recently refurbished
+ flowing open-plan design
+ master bedroom upstairs with ensuite and walk-in wardrobe
+ second room downstairs can be closed off using clever design
+ modern kitchen with lots of storage, glass splash back and stainless appliances
+ multiple living spaces
+ second spacious bathroom with laundry
+ covered balcony/terrace for seamless indoor-outdoor living
+ air-conditioning throughout
+ an abundance of natural light throughout
+ includes access to the building amenities being an exceptional in-ground pool, barbecue areas, a well-equipped gymnasium, games room, conference facilities and on-site management

THE LOCATION:
The property is:
+ within the ever popular Kangaroo Point precinct
+ walking distance to The Story Bridge Hotel and an abundance of restaurants,, shops and services
+ steps from the Brisbane River
+ 500m from Brisbane CBD
+ walking distance to Howard Smith Wharves precinct
+ incredibly close to Brisbane's best private and state schools
+ the Kangaroo Point Green Bridge (set to be completed in 2023) which will feature several unique riverside dining opportunities and direct pedestrian access to the heart of the CBD.
+ Short walk to the iconic Story Bridge Hotel, Jazz Club and the Gabba Stadium, the future home of the 2032 Olympic Games
+ Conveniently located in the vicinity of RiverCity Ferries, Buses, Clem Jones tunnel (M7), South East Freeway and the Story Bridge.
The location of this property could not be improved.

THE OPPORTUNITY:
+ Currently tenanted until October, returning $484/week AFTER management expenses (current tenant is QUEST Hotels).
+ Immediate annual tax write-off of $3,682 per year legally through tax depreciation schedule
+ From October, can be re-leased with current long-term rental appraisals between $530 - $580/week.
+ Body corporate levies are $1,247.94 per quarter (including $106.51 for insurance, $934.92 for sinking fund and $333.33 for admin fund)
+ Brisbane City Council rates & charges are $372.95 per quarter
+ Note - this property is investment only.

Contact us today to arrange your private inspection.