*Information Memorandum available on request*
Positioned in the highly sought-after Poets Corner precinct of Norman Park, this boutique development presents a rare opportunity to secure a premium residential investment in one of Brisbane's most desirable inner-city locations.
The property comprises four luxury smart apartments plus an additional one-bedroom apartment, designed for modern living with spacious layouts, high ceilings and high-quality finishes throughout.
Apartments 1-4 are configured as 2 bedrooms, 2.5 bathrooms and 1 secure car park, offering approximately 120 m² of total living space including a 20 m² balcony. The balconies overlook Wilson Park, creating a peaceful green outlook rarely found so close to the city.
Apartment 5 is a well-appointed one-bedroom residence positioned at the rear of the complex, finished to the same high standard with quality fixtures and fittings throughout.
Each residence includes full smart-home automation, allowing residents to control lighting, music, doors, blinds, fans and air-conditioning via voice activation or smartphone, delivering a highly modern and convenient living experience.
Perfectly positioned only 4 km from the Brisbane CBD, the property offers exceptional connectivity with ferry services, bus stops and train stations all within walking distance, providing easy access to the CBD, South Bank and the Bulimba dining precinct.
Residents will also enjoy being directly opposite Wilson Park and just 100 metres from the Norman Park Bowls Club, with cafés, parks and lifestyle amenities close by.
This property presents an outstanding investment opportunity with an estimated gross rental income of approximately $460,228 per annum, supported by strong rental demand in this tightly held inner-city location.
Financial Summary
Gross Income:
$460,228 per annum
Estimated Annual Outgoings (p.a.)
• Management (10%): $46,022.70
• Insurance: $6,535.00
• Council Rates: $7,194.60
• Lift Maintenance: $1,372.00
• Air Conditioning Cleaning: $1,820.00
• Smoke Alarm Compliance: $440.00
• RCD Testing: $840.00
• Fire & Electrical Inspection (common areas, exit lights & fire extinguishers): $277.50
• Pest Control: $530.00
Total Outgoings: $65,031.80 per annum
Net Income:
$395,195.20 per annum
Key Features
• Apartments 1-4: 2 Bedrooms, 2.5 Bathrooms, 1 Car Park
• Approx. 120 m² total living space including 20 m² balcony
• Balconies overlooking Wilson Park
• Full smart-home automation (lighting, music, blinds, air-conditioning and doors)
• Apartment 5: 1 Bedroom, 1 Bathroom
• High ceilings and premium finishes throughout
• Boutique complex in prestigious Poets Corner, Norman Park
• Only 4 km to Brisbane CBD
• Walking distance to ferry, bus and train transport
• Close to Bulimba dining precinct and South Bank
Distances to Key Amenities
• Wilson Park - directly opposite the property
• Norman Park Bowls Club - approx. 100 m (1 minute walk)
• Bus Stops - approx. 150 m (2 minute walk)
• Norman Park Train Station - approx. 700 m (8 minute walk)
• Brisbane River / Norman Park Ferry Terminal - approx. 1.1 km (3 minute drive / 12 minute walk)
• Local IGA Norman Park - approx. 900 m (3 minute drive / 10 minute walk)
• Woolworths Morningside - approx. 2.2 km (5 minute drive)
• Bulimba Dining Precinct (Oxford Street) - approx. 2.7 km (6 minute drive)
• South Bank Parklands & Cultural Precinct - approx. 5 km (10 minute drive)
• Brisbane CBD - approx. 4 km (8-10 minute drive)
• Mater Hospital South Brisbane - approx. 5 km (9 minute drive)
• Princess Alexandra Hospital - approx. 6 km (10 minute drive)
Disclaimer
The information contained herein has been prepared in good faith and is believed to be reliable; however, neither the vendor nor the agent makes any representation or warranty as to its accuracy or completeness. Prospective purchasers should conduct their own independent investigations and obtain professional advice regarding the information contained in this document. All areas, figures, projections, financial estimates, photographs and plans are indicative only and subject to change without notice.
