310/60 Park Rd

Milton QLD 4064

This large king-bed studio 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. 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 generous rights to stay - call the agent on 0432 00 33 55 for further details.

Remove the hassle of commuting. Your fully furnished spacious studio 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. So easy. Cleaning and maintenance no problem, they will also look after that for you. Alternatively rent it out as an Airbnb. Apart from the cracking location, the next best thing about this apartment is that it's very affordable.

Please note, you cannot use this property as your principal place of residence (live in it as your home), however owners have good rights - call the agent for further details.

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)
65-80 minutes 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 third floor (of just a five level complex)
Free use of the secure carpark when the owner stays
Private balcony with fantastic views of Mt Coot-tha
Free High speed WiFi
Rare, free car parking available when owner stays
Tasteful decor and furnishings
Self-contained kitchenette
Washing machine and drier in hideaway in bathroom
Sold fully furnished
Airconditioned
Small gym and large sauna
Professionally managed by Central Cosmo Apartments if you desire

FINANCIAL INFORMATION ON THIS PROPERTY

The net revenue, after rental management fees, cleaning fees and maintenance costs, for the past six months Sept 2022 to Feb 2023 (25.9 weeks) was $8,885 or an average of $343 p.w. (for the last 25.9 weeks) . The gross revenue for this same six month period was $ $19,095.

Outgoings
Brisbane City Council Rates: Approx. $430 per quarter
Qld Urban Utilities (Water). Approx. $278 per quarter
Body Corporate Fees: Admin & Sinking Fund = $7,511 per annum (admin = $5,318.76 + Sinking Fund = $2,192.02). Insurance is $268.84 per year.
Balance of Sinking Fund: $396,585 as of 22/02/2023.

Want a virtual tour no problems. For further information on this property, please call (0432 00 33 55) or email Jeff Smith.