51/454 Upper Edward Street

Spring Hill QLD 4000

Discover the perfect blend of comfort, convenience, and inner-city living with this well-sized, two-bedroom, two-bathroom, bonus multipurpose area apartment located on the fifth floor of the highly sought-after Flynn Apartments. Offering fantastic separation between living and sleeping spaces, this vacant apartment is ideal for both owner-occupiers and savvy investors alike. This apartment is sure to impress, so inspect at your earliest opportunity to avoid disappointment.

Enjoy the spacious lounge area that seamlessly flows onto the expansive balcony, offering beautiful views of the city skyline and Spring Hill. Whether you're hosting guests or relaxing after a long day, the large balcony provides the perfect setting for entertaining or enjoying a quiet sunset.

The apartment features a well-appointed, modern kitchen with handy bifold windows that open directly onto the balcony - enhancing both the indoor and outdoor living experience.

Property Highlights:

• First-class location: A short walk to shops, public transport, restaurants, and all essential amenities
• Two spacious bedrooms: One with floor-to-ceiling windows and the master featuring an ensuite
• Bonus multipurpose area (see floorplan)
• Two bathrooms: Main bathroom includes a shower over bath
• Air conditioning: Both bedrooms and the lounge are equipped with air conditioning for year-round comfort
• High ceilings throughout the apartment
• Ceiling-to-floor windows in most rooms, offering plenty of natural light
• Ceiling fans in both bedrooms for additional comfort
• Large north/west-facing balcony: Enjoy breathtaking city and Spring Hill views and catch stunning sunsets
• Hideaway laundry for added convenience
• Secure car space: Exclusive use car space (#51 on level 2) and five visitor parking spots (level 1)
• On-site management available if required
• Amenities: 20-meter pool (currently under renovation) and gym (reopening soon)
• 108 apartments in the complex, creating a vibrant community

Nearby Conveniences:

• Public Transport: Free City Loop and Spring Hill Loop bus services nearby
• 500 m to Central Station
• Education: Close to Brisbane Grammar School (850m -1,000m) and other inner-city schools
• Universities: Easy access to QUT Gardens Point and Kelvin Grove Campus

Financial Information:

Body Corporate Fees: Temporarily @ $10,542 per annum. Will reduce to approximately $7,000 p.a. in 2.5 years. At AGM on 2 Aug 2024 Owners voted to increase the levies for three years to cover significant upcoming items (e.g. external painting, pool renovation). Owners also voted to decrease the levies back to pre-Aug 2024 levels after three years to approximately $7,000 per annum (see AGM Item 7 - Budget Option 1 - ask Agent for a copy of the minutes).

Balance of the Sinking Fund as of 18 March 2025 = $441,657
BCC Rates: $410 per quarter
Water Rates: Approx. $365 per quarter (for 4 adults)
Rental Appraisal of $740 per week

This apartment offers unbeatable value in one of Brisbane's most desirable locations. Whether you're looking for a stylish home or a solid investment opportunity, this property is sure to impress.