602/8 Adelaide Street, Brisbane City

Welcome to boutique apartment 602 at The One Residences, where Brisbane River's glittering skyline becomes your everyday view. Car park V.S None Car park (Let's do quick math ! ) A carpark in Brisbane City costs approximately $110,000 to purchase. Renting one, however, costs about $6,000 per year ($500/month). If we assume the carpark rent starts at $500 per month ($6,000 per year) and increases with inflation at 3.5% per year, the $110,000 carpark value would cover approximately 14 years and 9 months of rental costs.That means, If you BUY an apartment with a carpark, you take on an extra $110,000 of mortgage debt on the carpark value. You would need to own the apartment for over 15 years for the cost of renting to exceed the purchase price. (Your Break Even Point). Do you think you are going to hold the unit for at least 15 years? If you RENT the carpark, you avoid that significant upfront debt. Your rental cost is an expense, not a long-term liability. This frees up your capital for the investment itself.Unless you are certain you will hold the property for two decades, you likely won't recoup the carpark's cost. For savvy investors, it's more efficient to buy the unit without the carpark and rent one separately, paying only for what you use. Reference link: https://www.propertycouncil.com.au/property-australia/brisbane-city-car-parking-changes-a-win-for-housing-affordability For Savvy Investors or those who want to move in before X'mas or New Year This property presents a rare chance to acquire a proven, high-performing asset.Proven Track Record: The unit is currently operating as a successful short-term rental with a conservative annual occupancy rate of over 90%. You can validate the market rates by searching for 2-bedroom apartments on platforms like Airbnb, Booking.com, and Trivago.Significant Earnings Potential: The current owner has demonstrated an estimated annual revenue of $84,500. This figure was achieved with limited availability, suggesting strong potential for increased earnings under a dedicated, full-time rental strategy.Seamless Transition or Immediate Possession: As the new owner, you have the flexibility to seamlessly take over the existing and profitable Airbnb business from day one. Alternatively, if you wish to occupy the property yourself, you can arrange to terminate the bookings in time for a holiday move-in. This beautifully presented two-bedroom apartment captures uninterrupted and never to be built out river views from the living area and both bedrooms and balcony - a rare feature in the heart of the CBD. Whether as a private city retreat or a high-performing investment, this residence offers a lifestyle defined by sophistication, comfort, and absolute convenience. *** Please scroll down to find visitor parking information and financial information including body corp and rental income *** This unit is currently being used as AirB&B with extremely high occupancy rates. The gross revenue is $84,500 per year with strong earning potential ! *** >> Property Highlights Expansive open-plan living and dining area with floor-to-ceiling glass framing panoramic Brisbane River vistasGourmet kitchen featuring stone benchtops and premium Miele appliancesTwo spacious bedrooms, including a master suite with ensuite and walk-in robeSleek modern bathrooms with high-end fittings and finishesDucted, zoned air conditioning throughoutSmart home fittings integrated with Google assistant. (Smart blinds and smart lights) >> Exclusive Resident Amenities Residents of The One enjoy access to world-class facilities, including:Indoor Infinity-edge pool with sun lounges and breathtaking river outlookFully equipped gymnasium and rejuvenating saunakids playground with outdoor playground equipmentPrivate lounge, cinema/media room, and elegant entertaining spaces7 days -Concierge service, security, and access to neighbouring W Brisbane hotel amenitiesFree visitor 12 hour parking upon validation >> Location Perfectly positioned in the heart of Brisbane's thriving city centre, The One places you within walking distance of:Queen Street Mall and Eagle Street PierThe new Queen's Wharf precinctBrisbane Botanic Gardens and riverside walkwaysCultural destinations including QPAC, GOMA, and South BankExcellent transport links via bus, train, and ferry >> Additional Financial Information Body Corporate: Approx. $6691.56 p.a.Council Rates: Approx. $548.8 per quarterWater Rates: Approx. $218 per quarter (excluding the water usage) Experience an unmatched standard of city living in one of Brisbane's most iconic residential towers - where every detail reflects quality, elegance, and modern urban luxury. Contact Rocky on 0413 760 053 to arrange your private viewing today. (Disclaimer: While all care has been taken to ensure accuracy, prospective purchasers are encouraged to make their own enquiries. This property is being sold without a price guide. Online portals may have filtered the property into a price bracket for functionality purposes.