8/111 Moreton St, New Farm QLD 4005
Type of Property: Unit
Reason for Purchase: Investment Property
Address: 8/111 Moreton St, New Farm QLD 4005
Investment property bought pre-market for a client who wanted to buy into an Australian premium suburb. However, average two bedroom units in Sydney’s premium suburbs are over $900,000 so they decided to target Brisbane. Cohen Handler’s Jordan Navybox was able to secure the property pre-market and hence had reduced competition to negotiate the property to $335,000, a third of the Sydney price. There is another renovated unit in the same building on the market with a smaller floor plan that has received offers over $390,000.
About the Property:
This oversized one bedroom, one-bathroom apartment, not only offers as a home, but a unique lifestyle opportunity in the heart of New Farm set on sought-after Moreton Street. This low maintenance, beautiful apartment makes for a great inner-city home or investment!
The residence boasts a large modern open-plan kitchen with electric cook top and ample storage space. The kitchen flows onto the spacious living area, perfect for informal dining or entertaining. This property is just a short stroll from cafes, restaurants, public transport and fabulous surroundings. Move in and enjoy the lifestyle that New Farm has to offer at a great price.
- Single lockup garage
- Lockable storage
- Juliet balcony front and rear
- Security bars on every window
- Neat and tidy with clean presentation
- Built-in wardrobes plus plenty of storage space
- Walk to CityCat, public transport, shops and cafes