$275,000

1 Bed  •  1 Bath  •  0 Car

Main view of Homely unit listing, 506/160 Roma Street, Brisbane City QLD 4000
Floorplan of Homely unit listing, 506/160 Roma Street, Brisbane City QLD 4000
Second view of Homely unit listing, 506/160 Roma Street, Brisbane City QLD 4000
+9

Sold

506/160 Roma Street, Brisbane City QLD 4000

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$275,000

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Unit Sold on Tue 19 Sep, 2023

What's around Roma Street

Unit description

“IRRESISTABLE INVESTMENT”

Soaring above the streets of Brisbane's CBD and the Roma Street Parklands, this one-bedroom apartment, is the perfect opportunity for the astute investor.

Championing open plan living, the light-filled living area is delightfully enticing as is the balcony to relax on with coffee or wine. The sleeping accommodation delivers space and storage as does the central bathroom which offers washing machine and dryer. Complimented by the outstanding building facilities of a swimming pool and sauna, this apartment is attractive on so many levels.

Airconditioned throughout, the apartment is in a coveted central location within walking distance to QUT Gardens Point, public transport, parklands, walking paths, bikeways, entertainment, restaurant, cafes, shopping, Southbank, and bars. All that the Brisbane CBD has to offer is literally on the doorstep and the apartment can access the best of Brisbane with pedestrian bridges, transport, the Cross River Rail, and transport at your fingertips.

The nuts and bolts:
Rental Rates: Approximately $450 per week.
Council Rates: Approximately $1900 per year.
Body Corp: Approximately $7200 per year.

This irresistible property holds much appeal for those seeking an investment property in a market where short-term accommodation is highly sought after.

I dare say the majority of investors would have their apartments in the short term letting pool with the onsite management which would yield a greater return.

Looking at it also from another point of view, just across the road is where the new Roma St Transit Centre is currently being built which will be the epicentre for the Cross River Rail and of course the current rail system.

Also, in 2032 the venue for the Olympic games water polo and swimming will be like 100metres up the road so the long term return on your investment could also be realised as these projects near completion.

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506/160 Roma Street, Brisbane City QLD 4000
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