2603/108 Albert Street
Brisbane City, QLD 4000

Overview

Elevated Inner City Living in the Sought After Festival Towers

Situated on the 26th floor of the prestigious Festival Towers, this spacious two-bedroom apartment offers a harmonious blend of indoor and outdoor living spaces, enhanced by stunning panoramic views of Brisbane City, the Brisbane River, the iconic Wheel of Brisbane, and the verdant South Bank parklands.

The apartment includes a conveniently positioned storage cage on the same level, providing additional practicality and ease of access for residents.

This property presents an exceptional opportunity for both investors seeking strong returns and long-term growth, as well as owner-occupiers desiring a sophisticated inner-city residence.

Annual body corporate fees are approximately $8,300, with rates around $2,000 and water and sewerage charges approximately $1,200 per annum.

Key features of the apartment include:

• Two generously sized bedrooms
• One modern bathroom
• One secure car space (C.239 on B4 level)
• Storage cage (S.26F on apartment level)
• Abundant natural light throughout the apartment
• Stylish kitchen equipped with stone benchtops and stainless steel appliances
• Open-plan living and dining area that opens onto an alfresco balcony
• Ducted air conditioning throughout the apartment
• Total area of approximately 72 square meters on level 26
• Currently leased within the OAKS short-term letting pool, with a 90-day notice period for release from the agreement
• Current rental income of $3,683 per month ($850 per week)
• Potential rental income of approximately $875 to $925 per week when furnished for long-term tenants
• The apartment is sold unfurnished

Festival Towers offers a range of premium building facilities including two swimming pools, a spa, sauna, gymnasium, and BBQ entertaining area.

Located in the vibrant heart of the city, residents have easy access to Queen Street Mall just 200 meters away, as well as major city attractions such as Eagle Street Pier, the Botanic Gardens, Queensland University of Technology, and the Casino. Public transport options are conveniently within walking distance.

The property is also close to The Queen's Wharf Brisbane precinct, a unique and dynamic new world city development featuring a boutique underground shopping center, a first-class casino, new public recreational facilities, a pedestrian bridge to South Bank, and river boardwalks.

Walking distance to the new Albert Street Station, which will provide rail services to the southern end of the CBD for the first time in over a century, enhancing opportunities for employment, business, education, and entertainment. This will be the first new inner-city train station in 120 years, with over 67,000 passengers expected daily.

Residents are just minutes away from the Eagle Street Pier and Waterfront Precinct development, which integrates notable riverside locations to create vibrant public spaces, shopping, and dining experiences.

Additionally, the Mary Street Vision, supported by Brisbane City Council, aims to revitalize the surrounding area with enhanced public spaces, improved connectivity, and increased activation.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided about this property. However, it does not constitute any warranty or representation by the vendor or agent. All information is gathered from sources considered reliable. Interested parties should rely on their own inspections, inquiries, and searches with relevant authorities.

Location