346/85 Deakin Street, Kangaroo Point QLD 4169

Here it is... and with a GUARANTEED ANNUAL INCREASE OF 4%.

Freshly renovated double story, two bedroom, two bathroom hotel apartment in sought after 'Quest on Story Bridge' to suit astute investor. The property is under long term management with guaranteed returns and generous annual increase of 4% compounded. The Owner refurbished a couple of years ago and spent $25,000+ to upgrade to the latest requirement of this 4 star facility and provides an excellent income stream for the new owner.

The property is excellent for individual investors and self managed super funds (SMSF) seeking above average returns without the stresses of prolonged periods of vacancies.

Rivercity Terraces (also known as 'Quest on Story Bridge') is a purpose built boutique apartment complex in the heart of Kangaroo Point. Located adjacent to the Story Bridge Hotel and a short stroll to the cross river ferry.

- Air Conditioned
- Guaranteed Returns ~ currently $26,059 Net per year!
- 4% annual increase in returns every October
- 'Hassle Free' investment ... Money in the bank every month!

Building facilities include pool and gym, BBQ area, games room, conference facilities.

- Size: 71sqm
- Body Corporate contributions: $4,720.16 p/a approx.
- Brisbane City Council rates: $1,305.00 p/a + water & sewerage

For Sale at $329,000+

Kangaroo Point is an upscale inner-city peninsula paradise surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, Buses, Clem Jones tunnel (M7), South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the ‘Gabba’.

There are many high quality restaurants and cafes within walking distance of all areas. Those who reside in Kangaroo Point enjoy the benefits of an inner city lifestyle in a peaceful setting without the hustle and bustle. Strong demand exists for both rentals and sales in this exclusive area.