12409/22 Merivale Street

South Brisbane QLD 4101

This property represents a phenomenal investment opportunity with EXTREMELY LOW Body Corporate fees of approximately $1050 per quarter, which includes admin charges, the sinking fund, and building insurance.

Currently operating successfully as a hotel apartment, it has been maintained to an impeccable standard. For investors, the potential for strong returns is clear. The Gross Revenue for August is $7427 !

Step inside to discover a sun-drenched layout designed for modern living. The spacious open-plan area seamlessly integrates a contemporary, full-scale kitchen featuring stone countertops, which flows out to a private terrace-the perfect vantage point to soak in the magnificent city and river vistas.

The generous bedroom includes a mirrored wardrobe and shares the same impressive views, ensuring a luxurious retreat.

Beyond your private oasis, IVY Tower offers a world-class suite of amenities. Enjoy weekends relaxing by the resort-style swimming pool, unwinding in the spa, or socialising on the deck with its Teppanyaki grill, barbecue setup, and pizza oven. The building also features a state-of-the-art fitness centre, yoga space, billiards table, and a children's play area, all supported by onsite cleaning and maintenance team.

Location is unparalleled. You are moments from the cultural heart of South Bank, including the Queensland Performing Arts Centre, GOMA, and the Brisbane Convention and Exhibition Centre. The South Brisbane railway hub, West End's vibrant dining scene, and the CBD are all within easy reach. The property falls within the coveted Brisbane State High School catchment and is close to Somerville House, Griffith University, and QUT.

>> Key Features:

Unrivalled Level 24 position in IVY Tower facing Queen's Wharf & the river

A private balcony with a true front-row view for Riverfire from both balcony and bedroom

A study nook / multiple purpose room between balcony and living area

Modern kitchen with stone surfaces and quality appliances

Spacious living and dining area opening to the terrace

Large bedroom with mirrored closet and stunning city views

Ducted air conditioning throughout

Internal laundry and well-appointed bathroom

Secure designated parking spot

Onsite building maintenance and management

>> Outgoings:
Body Corporate: ~$1,050 per quarter (covers admin, sinking fund & insurance)
Council Rates: ~$548.8 per quarter
Water Rates: ~$250 - $350 per quarter (depending on monthly usage)

Disclaimer: This property is advertised for sale without a price. The website may have filtered it into a price bracket for functionality purposes. Please do not make assumptions about the sale price based on this filtering.