1/45 Mitre Street, St Lucia QLD 4067

On the ground floor of a picture-perfect six-pack, this 90's apartment is air-conditioned, has sizeable front and rear balconies that are more akin to courtyards, and will be sold with vacant possession. It's also position-perfect, with a bus stop and a selection of convenience stores and restaurants at the end of the street, The University of Queensland just a 550m walk , and Guyat Park CityCat terminal 600m away.

The timber-look flooring throughout the home is superbly low-maintenance - it's a breeze to keep clean and virtually tenant-proof. Both bedrooms offer ceiling fans and built-ins, the main with an ensuite and the second bedroom with access to the rear balcony. The kitchen is fitted out with a breakfast bar, Bosch dishwasher and generous cupboard space, while the main bathroom houses an internal laundry. There are also two storage cupboards in the hallway.

The outdoor space is sensational here, with an enormous front balcony and a cosy rear balcony off the second bedroom, stepping down to a near-full-width balcony with access to a courtyard of sorts that is brimming with potential. The current owners have toyed with the idea of transforming this area, but have left the opportunity to the next owner to capitalise on. The single, lock-up garage is larger than standard, offering decent space for storage.

The Schonell Centre at the end of the street plays host to a Domino's, a bakery, and a handful of other eateries, with a supermarket positioned on the opposite corner. There are multiple parks nearby, Ironside State School is a short walk away, Toowong Village and train station are just under 2km by road and the CBD is a 5km drive away.

Expected to rent for $600-$650/week, the proximity to the University all but guarantees strong demand. Whether you're buying to live here, put up your kids while they study, or rent it out, there's plenty to like about this apartment.

Quick Details:
Price: Offers over $650,000
Body Corporate fees: $5,332/annum
Council Rates: $1,547/annum
Sinking Fund Balance: $81,893.89 as at 3/8/23
Rental Appraisal: $600-$650/week