9/99 Brisbane Street
Bulimba, QLD 4171

This property presents a valuable opportunity for both investors and home-owners to acquire a low-set residence situated prominently on the hill-top of the prestigious Bulimba area. The location is highly sought after, with the adjacent unit #8 recently selling for $715,000, highlighting the strong market interest in the 'Bulimba Gardens' complex.

Conveniently positioned within walking distance to the vibrant Oxford Street precinct, residents can enjoy easy access to a variety of shops, cafes, and amenities. Additionally, the nearby CityCat ferry service provides a direct route into Brisbane's CBD and the trendy Teneriffe area, making commuting straightforward. The property is also just a short drive from both the City and the Airport, enhancing its appeal for professionals and frequent travelers.

Currently, the property is leased at $525 per week under a fixed-term agreement until 13 October 2024. This presents an immediate income stream for investors, with the potential for rental increases upon lease renewal or re-letting, given the current high demand and rental market conditions in the area. Prospective home owners may consider leveraging the rental income to assist with mortgage repayments before moving in at the conclusion of the lease.

The residence features a modern kitchen equipped with contemporary fittings, complemented by new ceiling fans throughout to enhance comfort. It offers access to adjoining front and rear courtyard spaces, providing outdoor living options and natural light. Additional conveniences include an internal laundry and a secure garage space, ensuring practicality and security for residents.

Overall, this property combines a prime location, solid rental return, and comfortable living spaces, making it an excellent choice for a range of buyers seeking a foothold in one of Brisbane's most desirable suburbs.

Note: The photographs provided were taken a few years ago and are intended to be representative of the property.