44 Brookes Street
Bowen Hills, QLD 4006

The Governor is a boutique apartment complex located in the inner-city suburb of Bowen Hills, named after Queensland's first Governor, Sir George Ferguson Bowen. Situated just 2 kilometers from Brisbane's Central Business District, this area is one of the fastest-growing in Australia, offering excellent rental demand due to its strategic location and amenities.

Residents enjoy convenient access to public transport, with Bowen Hills and Fortitude Valley train stations within a 10-minute walk, and only one stop away from the Brisbane CBD. The property benefits from easy connectivity to Brisbane International and Domestic Airports, as well as the Sunshine Coast and Gold Coast via the Clem 7 Tunnel and Airport Link Tunnel.

Bowen Hills is recognized as a key urban development area in Brisbane, with over $2.9 billion invested in the redevelopment of the RNA Showgrounds. The suburb is close to major employment hubs including the Royal Brisbane Hospital, Brisbane Convention Centre, and the CBD itself.

Proximity to CBD and Local Amenities

The location offers excellent access to education and transport, being 2 kilometers from Brisbane CBD and less than 250 meters from bus stops with frequent services during peak hours. It is also within 3 kilometers of Queensland University of Technology and several reputable schools such as Kelvin Grove College, Brisbane Grammar, St Joseph College, and Brisbane Central Primary School. The nearby M1 Freeway and Clem 7 Tunnel provide swift routes to Brisbane Airports.

Local amenities include Bowen Hills Railway Station, Royal Brisbane Hospital, Women's Hospital, and the RNA Showgrounds, which upon completion will accommodate over 3000 residents. Shopping options are plentiful, with the CBD and James Street precinct offering premier gourmet shopping experiences. For grocery needs, ALDI is accessible within a 15-minute drive to Kelvin Grove.

The Development

The Governor comprises 40 apartments, split evenly between one-bedroom and two-bedroom units. Prices start from $384,000 for one-bedroom apartments and $557,000 for two-bedroom apartments. Penthouse options are available at the upper end of the one-bedroom price range, featuring balconies and city views. The design maximizes north-facing aspects where possible, enhancing natural light and ventilation.

The 12-level building includes 10 residential floors with car parking on the lower two levels. Parking is allocated for upper-level one-bedroom apartments and all two-bedroom units. The two-bedroom apartments are approximately 80 square meters, while one-bedroom apartments range from 50 to 60 square meters. Additional amenities include a basement bicycle storage area and a rooftop lounge, with professional on-site management ensuring smooth operations.

Fitouts

• Living areas feature high-quality glazed porcelain tiles, ceiling fans, air-conditioning, and blinds.
• Bedrooms are carpeted, with air-conditioning in the master bedroom, fans in others, built-in robes with mirrored vinyl doors, and blinds.
• Kitchens are equipped with glazed porcelain tiles, stainless steel oven, cooktop, rangehood, dishwasher, reconstituted benchtops, white melamine cupboards, and mixer taps.
• Bathrooms include ceramic tiling, shaving cabinets, china basins, dual flush toilets, and semi-frameless shower screens (pivot or sliding).
• Laundry areas have tubs and clothes dryers.
• Outdoor areas are tiled with non-slip surfaces, framed aluminium glass balustrades, or rendered blockwork.
• Car parking is allocated as per available lots.
• Storage includes linen and robes.
• Air-conditioning is split system to living areas and master bedrooms.
• Communications infrastructure includes TV points in bedrooms and living areas (FTA and digital), cable readiness for pay TV, phone points in master bedrooms and kitchens, and ADSL internet connectivity.

Investment Considerations

Investors can expect positive cash flow, with an example analysis showing approximately $40 per week positive cash flow after negative gearing benefits. This is subject to variables such as income, interest rates, loan terms, depreciation, and general expenses. A negative gearing tax simulator is available for customized calculations.

Additional details include council rates of approximately $2,000 per annum, body corporate fees around $3,328 per annum, and estimated rental returns ranging from $360 to $620 per week, averaging $490. The property configuration includes both one and two-bedroom apartments.

Features

• Air Conditioning
• Alarm System
• Built-in Wardrobes
• Dishwasher
• Elevators
• Floorboards
• Gymnasium
• Intercom Entry
• On-site Managers
• Security Parking
• Swipe Security Access
• Terrace