New Farm, QLD 4005
Type of Property: Unit
Reason for Purchase: Investment Property
Address: 12/111 Moreton St, New Farm NSW 4005
This was the second Brisbane property Jordan purchased for an investment client after having a great first experience. Two properties which were quite comparable and off market were being tracked at the same time. Jordan purchased this property for $475,000 as the owner of the other wanted $480,000. The other property was purchased by a different buyer’s agent for $510,000 – $30,000 above what we could have secured it for. The owner wanted $500,000 for an off market transaction as one in the block sold for $490,000 last year. We were able to negotiate at $25,000 discount from this which was $15,000 less than the last sale for a comparable property.
About The Property:
Positioned in one of New Farm’s most picturesque and prestigious streets, this stylishly transformed apartment occupies the best spot within a solid boutique block! Set on the highest level, the apartment offered treetop outlooks and refreshing breezes, while its position at the very rear corner of the complex promises additional peace and privacy. With smart floor tiling and contemporary finishes throughout, the spacious open living area incorporates a well-designed new kitchen with sleek 2 Pac cabinetry, quality appliances and access to a northerly balcony. Two great-sized bedrooms featuring full-height, mirrored built-in robes and large windows are serviced by a beautifully tiled central bathroom with separate toilet, oversized vertical shaving cabinet, integrated laundry and linen press.
Additional property highlights included double brick construction, remote ceiling fans and quality window furnishings throughout, security and insect screens, dual home access, remote 2 car garage and low body corporate rates. Offering an exceptional lifestyle and broad rental appeal, the apartment is conveniently located within walking distance of Merthyr Village cafes, shops and restaurants, New Farm Park, ferry, bus or Riverwalk access to the CBD and close to the diverse entertainment precincts of Brunswick Street, James Street, Teneriffe, Southbank and Fortitude Valley.