405/40 Playfield Street, Chermside, Qld 4032 - More Details
OFFERS OVER $695K - APPROX 7% YIELD!
Conveniently located in the heart of thriving Chermside, this outstanding 2-bedroom, 2-bathroom, 1-car "Quest" serviced apartment presents an exceptional opportunity, ideal for astute investors seeking a secure, high-yielding passive income with consistent long-term growth potential.
Producing a guaranteed income of $50,000+ per annum for the next 2 years plus, this modern dual-key property delivers a super return of over 7% p.a. gross. With a respected commercial tenant in place, future growth is assured with a secure long-term lease until 2030, plus 2 additional 5-year options, and annual rental increases of 4%, along with scope for high long-term capital appreciation.
Refurbished only 3 years ago, this professionally managed property and investment package is designed for effortless, low-risk ownership over the long term, perfect for private investors or self-managed super funds alike, with Body Corporate Administration levies, Strata Insurance and Water Usage paid by the tenant.
Features:
* 2 spacious bedrooms, 2 bathrooms, 1 kitchen, 1 kitchenette, 1 secure car park
* Flexible configuration, with optional dual-key use as 2 separate apartments
* Large combined living/dining; air-conditioned with quality finishes throughout
* Private balcony, leafy outlook, quiet and elevated level 4 position
* Functional, smart design ideal for short term or long-term leasing
* Wheelchair accessible, fully furnished and maintained to Quest standards
* Excellent onsite professional management with a great track record
* Gymnasium facilities, reception lounge and meeting rooms
* Serviced apartment complex with very high occupancy rates
* Secure, well-maintained building with proven reliable investor returns
Location:
* Stroll to Westfield Chermside and Kedron Wavell Services Club
* Convenient to commuter corridors; M3, M7 airport tunnel, and M1
* Approx 11km / 16min drive from Brisbane Airport
* Approx 11km / 22 min drive from Brisbane CBD
Located in a high-demand accommodation precinct, this property presents an enviable blend of high returns, long-term stability, low maintenance, and future growth potential, making it an exceptional acquisition for any property investor. Register your interest today!
IF YOU REQUIRE MORE INFORMATION, PLEASE SUBMIT AN EMAIL ENQUIRY TO THE AGENT FROM THIS WEBPAGE, THANK YOU
Disclaimer:
1) In preparing this advertisement, we have used our best endeavours to ensure the information contained is true and accurate, however Brisbane Property Partners accepts no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained herein. Prospective purchasers should make their own independent enquiries to verify the information contained in this advertisement. Intending purchasers should satisfy themself by inspection or otherwise as to the correctness of the same.
2) The photographs illustrate parts of the property as were apparent at the time taken. Any areas, maps, measurements or distances are approximate.
- Type
- Apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Parkings
- 1
- Area
- 89 m²
