1606/108 Albert Street
Brisbane City, QLD 4000

Overview

Spacious Corner Apartment in Festival Towers - Prime City Living & Investment Opportunity

This exceptional corner one-bedroom apartment in Festival Towers offers an expansive 70 square meters of living space, making it the largest one-bedroom apartment in the building. The layout includes generous living areas complemented by a versatile alfresco balcony that can be enjoyed throughout the year. Additionally, the apartment comes with a secure storage cage located on the apartment level, providing convenient extra storage.

This property presents an excellent opportunity for investors, with attractive rental returns, as well as for those seeking a vibrant city lifestyle in a central location. The apartment is currently leased furnished at $670 per week until April 13, 2027, with potential rental income estimated at approximately $800 per week after the current lease expires. The apartment is sold furnished, offering a turnkey solution for buyers.

Financial details include body corporate fees of approximately $7,805 per annum, with a special levy of around $882.72 per installment for lift refurbishment and chiller plant replacement, scheduled for July 1, 2026, November 1, 2026, and March 1, 2027. Council rates are approximately $2,000 per annum, and water and sewerage charges are about $1,200 per annum.

Apartment features include:

• One spacious bedroom
• One modern bathroom
• Secure storage cage on the apartment level
• Open plan living and dining area
• Kitchen equipped with stone benches and stainless steel appliances
• Spacious alfresco balcony that can be fully enclosed
• Air conditioning throughout
• Secure intercom access
• Located on the 16th floor

Festival Towers offers a range of building facilities including two swimming pools, a spa, sauna, gymnasium, and BBQ entertaining area. Situated in the heart of the city, residents have easy access to the vibrant Brisbane CBD, with Queen Street Mall just 200 meters away. Nearby attractions include Eagle Street Pier, Botanic Gardens, Queensland University of Technology, and the Casino. Public transport options are within walking distance.

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

Future infrastructure developments include the new Albert Street Station, which will provide rail services to the southern end of the CBD for the first time in 120 years, with an expected daily passenger count of over 67,000. The Eagle Street Pier and Waterfront Precinct development will enhance riverside public spaces, shopping, and dining experiences.

Additionally, the Mary Street Vision, supported by Brisbane City Council, aims to revitalize the surrounding area with improved public spaces, connectivity, and activation, further enhancing the appeal of this location.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided; however, it does not constitute any warranty or representation by the vendor or agent. Interested parties should rely on their own inspections, inquiries, and searches with relevant authorities.

Location