Cash Positive Net Yield 7-7.5% Investment - Investor Quits Brisbane Portfolio.
Situated on the 11th floor of the Park Regis North Quay building this 2 bedroom, 2 bathroom dual key apartment has expansive views down the Brisbane River taking in the city and South Bank. Comprising an open plan one bedroom, one bathroom apartment with fully equipped separate kitchen and a studio style, one bathroom apartment, this represents an outstanding investment opportunity.
The building is located only 200 metres from the Brisbane Transit centre and is in close proximity to the Cultural Centre, the Barracks and Suncorp Stadium. A ten minute walk puts you in the Queen Street shopping mall.
Leased to the hotel, the property offers an excellent long term investment showing excellent fixed returns with annual CPI increases. Total income per annum $36,133.82 net to the owner before body corporates and council rates.
The property has been refurbished and net returns are expected to be in excess of 7-7.5%, and owners are offered corporate discounts for accommodation at all of the Park Regis properties.
For further information please contact Kirsten Braun 0431 465 152 or Don Mulcahy 0404 033 393.
