Conveniently located on Ann Street, bordering Fortitude Valley, Spring Hill and the Brisbane CBD.
The New Yorker is an old warehouse built in the 1920s that was converted into apartments in the 1990s.
The building has a lot of charm and character featuring 3.9 meter ceilings timber floors and exposed wooden beams.
Its been beautifully renovated and looks bright clean and New.
It features a completely new kitchen with fridge microwave and dishwasher.
New floor coverings, new paint and furniture.
The bathroom has also been renovated and has a clothes dryer and new washing machine.
There are two separate bedrooms.
The front room currently has a sofa bed and doubles as a lounge room.
The back room has two single beds and a double loft bed.
The loft bed in the back room is very cosy and really takes advantage of the apartments high ceilings.
This property works really well as an Airbnb and runs consistently at over 90% occupancy.
Its quite easy to bring in over $700 per week if you are looking for a hands on investment.
Guests love the central CBD location.
It can also be rented for around $400 per week on a long term lease.
Or you could live in the backroom and make some extra cash by AirBNBing out the front room.
For owner occupiers the apartment is very cosy and could really suit a student or inner city worker.
There is an onsite manager, Gym, and Spa bath on the Ground floor.
Woolworths Spring Hill is right next door so its almost like your personal fridge.
The restaurants and night life of Fortitude Valley are less than 10 minutes walk.
The river walk and City Cat ferry terminal are less than 10 minutes walk.
Central station is conveniently located at the other end of Ann Street.
Queen Street Mall is about 10 minutes walk.
For long term investors there is always the possibility that the New Yorker building along with the vacant block next door will be the target of a redevelopment project.
Outgoings are as follows (Approximately)...
Rates $400 per quarter
Water $400 per quarter
Body Corporate $1050 per quarter
The apartment features built in Air Conditioning.
It's Fully Furnished and comes with most of the furniture pictured above including..
-Kitchen utensils, Cups, Plates etc
There is no onsite parking.
Contact us for more details or to arrange an inspection