Your Inner-City Upgrade: Two-Bedroom delight in Macleay Tower & Villas

Offers over $1.75m

Apartment real estate, Kangaroo Point QLD

Situated in the heart of the exclusive Dockside Precinct, this magnificent building remains one of the most sought after addresses in Brisbane. Constructed by renowned Builders Pidgeon and Girdis Group in 1998, it remains a pinnacle of Kangaroo Point.

The onsite manager is pleased to offer for sale to the market an opportunity to purchase this spacious two-bedroom, two-bathroom apartment.
Located within easy access of cafes and restaurants and only minutes to the CBD via bus, ferry or the new Green Bridge, Macleay Tower and Villas is city living at its best.

KEY FEATURES OF THE APARTMENT:
- Convenient Level 2 position (approx. 11m above elevated ground level)
- Boasts one of the largest and unique floor plans on offer (the popular Type 5 floorplan) over 160sqm to make your own, with separate dining and lounge areas and all-glass external walls to take advantage of the natural lighting
- The large main balcony can be enclosed with shutters to create a private indoor/outdoor living space
- Each bedroom features its own private balcony, plus access to the main balcony.
-City-facing orientation with CBD outlook
-River and Story Bridge glimpses
-The well-appointed kitchen features granite work tops and abundant storage.
-A master bedroom serviced by a large marble-finished ensuite and spa bath plus walk in robe
-Excellent bedroom separation, with the marble-finished main bathroom adjoining Bedroom 2 (effectively creating a second ensuite)
-Fully ducted reverse cycle air conditioning
-Car space includes a bonus storage locker
*The current owners lease a second car park, and this arrangement may be able to continue post-settlement

KEY FEATURES OF MACLEAY TOWER & VILLAS:
-Magnificent entry foyer
-Leisure & Recreation facilities on Level 1 includes:
1)Indoor heated pool
2)Sauna
3)Gym
-No short-term accommodation permitted, meaning a strong sense of harmony and community.
-Free access to outdoor pool available via Dockside precinct
-Professional management who lives onsite
-Secure key fob access/ CCTV / nightly security patrols for extra peace of mind
- FTTP (Fiber To The Premises) NBN box inside your apartment for future-proofed fast internet.

Enjoy your own space or connect with others in our friendly community.
For those wanting to be part of something bigger, Macleay Tower & Villas offer:
-Community library and meeting room
-Community workshop
-Community herb and citrus gardens
-Community aqua aerobics
-Community craft group
-Community charity donation drives
-Community donation table
-Scouts recycling facility for charity

Recently approved works include:
-Full internal and external repaint of common areas
-Refurbishment of the Level 1 Health & Leisure Centre, including new changerooms, sauna, and gym
-Planned design and construction of a new BBQ facility (in planning, due this year)

WHY BUYERS ARE PURSUING KANGAROO POINT:
-Direct walking access to the CBD and Botanic Gardens via the new Kangaroo Point Green Bridge.
-The upcoming Mosaic precinct, including a full-line Woolworths and specialty retail the suburbs first supermarket, expected next year.
-Cruise from Dockside Ferry stop to New Farm and all stops on the river for just 50 cents.
Following a record $2m sale last year for a two-bedroom riverfront apartment in the building, this residence is for sale at offers over $1.75m.
To compare, new two-bedroom apartments in nearby Mosaic are selling off the plan from $2.59m.
Level 2 riverfront apartment in Stradbroke Tower next door now under offer with an asking price of offers over $2m.

INVESTMENT OPPORTUNITY:
With two apartments recently purchased in the building by investors and a strong rental demand for quality inner-city apartments, there is a high rental yield and strong capital growth prospects available for investors. The Onsite manager is a licensed rental agent and manages the investment properties in the building. Discuss with the agent the advantages and benefits of investing in Macleay tower & Villas.
Inspections:
Inspection times can be arranged by contacting the friendly agent.
One of the last sub-$2m properties in the building, secure this opportunity before it is too late.

More Information

Property Overview

Category: Apartment
Details: 2 2 1
Price: Offers over $1.75m
Area: 163m2

Property Features

Gym
Balcony
Intercom
Air Conditioned
Spa
remoteGarage
secureParking
dishwasher
builtInRobes
broadband
shed
payTV

Investment Information

Gross Return: $ 52000
_{How much does the property return in rent per year.}

Net Return: $ (not disclosed)
_{How much does the property return after all management expenses are deducted.}

Yield: 2.97%
_{The percentage of the Asking Price that the property delivers in Gross Return each year.}

Guaranteed Return (PA): $ (not disclosed)
_{Some managers offer a guaranteed rental return. If applicable, this will be detailed above.}

Body Corporate Costs: $ (not disclosed)

Rates PA: $ (not disclosed)

Management Fee: (not disclosed)%
_{How much is charged as a management fee.}

Cleaning Costs (PA): $ (not disclosed)
_{Some holiday properties have cleaning and linen costs to be considered. If so, the costs may be detailed above.}

Cable and Data costs (PA): $ (not disclosed)
_{Some holiday properties are required to have foxtel and internet in order to be let. If so, the costs may be detailed above.}