1204/348 Water Street, Fortitude Valley QLD 4006

Contact Judy Chu on 0401 620 672 to arrange a private inspection today!

Whether you choose to keep this unit for yourself or capitalize on the prime location and offer it for rent, you're sure to fall head over heels for this impressive property.

This modern one-bedroom, one bathroom apartment with a spacious balcony will impress you from the first inspection with its convenient resort-style living. Given the prime location to an array of lifestyle options and easy access to public transport (bus stops and Fortitude Valley train station), all within walking distance to a multitude of dining, shopping options, only 2kms from the CBD!

Located on the 12th floor of the "Cambridge Towers" building in Central Village - 348 Water Street, Fortitude Valley. Central Village is a development on the edge of Fortitude Valley and Spring Hill, and incorporates Cambridge and Oxford Towers with an on-site management office.

This modern one-bedroom apartment offers the following:
- Open plan combined living and dining area with ample natural lighting
- Spacious balcony to enjoy the view and sunlight
- A modern kitchen featuring an elegant marble benchtop, and ample cupboard space for storage
- Additional study area with in-built desk next to the window
- Spacious bedroom with built-in wardrobes
- Large bathroom with great lighting
- Enclosed laundry area with a dryer included
- Tiled throughout in both kitchen and living room area

The complex features:
- Lifestyle and convenience in a resort-style development
- Large swimming pools with BBQ and seating facilities
- Pavilion room with a large snooker/pool table, TV and 2 large sitting areas
- A fully equipped gym and a large yoga lawn
- Private rooftop area with city views at level 19 - Captures views over Brisbane's CBD and you can enjoy Riverfire from the Story Bridge!
- Secure building with CCTV, intercom and resident-only access, on-site management

*Residents can obtain Brisbane City Council Resident Street Parking Permit, 12 months for $15.


Rental information - Good Investment income for the property investor!

This property is under National Rental Affordability Scheme (NRAS) until August 2024. The current NRAS rental price at $255 per week with a periodic lease. Under the NRAS scheme, the property owner can enjoy an extra non-taxable incentive of around $11,124 per year.

The new owner has no obligation to continue with NRAS.
Fortitude Valley is experiencing strong rental price growth with the potential to reach a $380~400 weekly rental price.

More information:
*Total Area 59sqm (including balcony 9sqm)
*Body Corp: $1,403.48 every 4 months approx (around $80.97 per week)
*Council Rates: $450.2 p.q. approx
*The Building: Built in 2014 Cambridge Towers has a total of 165 apartments spread over 19 Floors
*Pet friendly complex

Living is easy with public transport connections such as Fortitude Valley Train Station, King Street, and Bus Stops all within a 10-minute walk from your doorstep.

- 0m to the closest Café, Supermarket, Swimming pool, Gym
- 80m to the bus stop
- 350m to Brisbane Exhibition Grounds
- 400m to King Street Dining Precinct
- 450m to Fortitude Valley Train Station and Woolworths
- 550m to Bank branch and Australia Post
- 650m to Fortitude Valley China Town
- 1km to Royal Brisbane and Women's Hospital (RBHW)
- Less than 2km to Brisbane CBD

*Please note images are indicative of the same style apartment on a different floor, a viewing of the specific apartment is recommended to confirm suitability.