8/15a Abbott Street New Farm, QLD 4005

Sold for $490,000 on 25 Nov 2015
  • 2 Beds
  • 1 Bath
  • 1 Car

Sold By

Apartment in New Farm

2 Bedroom Apartment On Millionaire's Row

  • 2 Beds
  • 1 Bath
  • 1 Car

Abbott Street, known for its quiet, tree-lined beauty in New Farm's most exclusive sub-precinct, Merthyr has just been added to the list of millionaire rows by Consider this open plan, 2 bedroom, light-filled apartment as a blank canvas in which to increase its yield from and renovate to prosper, or live and breath it as an occupier!

Built in the 70's this apartment has Body Corporate fees so low they appear to be stuck in a time warp back to its construction date.

Body Corporate Fees : $2729.17 per annum
Rates : $381.74 per quarter

Enjoy the open plan layout with a leafy, western aspect onto Merthyr Road and private breakfast balcony set amongst the canopy of a giant mango tree. The kitchen is modern with a kitchen island and breakfast bar seating space and the apartment has hard wearing cork flooring. Both the main bedroom, which is a good sized double and the second bedroom have ceiling fans and blinds whilst there is a security grill and insect screen on the balcony sliding doors.

The complex itself is a small complex of 8 units, however, the block is very large at 1138sqm, with four visitor car parks, 167sqm of communal entertaining area including barbecue facility, large, flat grass area and clothes line. The Body Corporate has just freshened up the exterior of the building and injected funds into the presentation, maintenance and overall aesthetic. The building is incredibly neat, well preserved and spacious.

The apartment had been renting for a long time at $440 a week, however, the owner is currently using the lock up garage as storage. The rent was reduced to $400 a week and the tenant's lease is due for consideration in mid-January.

The area of Merthyr is a sub-precinct of New Farm and is historically and architecturally different to the rest of New Farm with bigger block sizes, more stately homes and it has been the home to many of Brisbane's founding statesmen over the course of the last 150 years. It is known as the area of the "river streets" where cool afternoon breezes roll off the Brisbane River and across the largely flat land. New Farm is a peninsula and Merthyr is the furthest neighbourhood to be accessed on the peninsula and is therefore incredibly quiet as the traffic peters out.

For investors and owner occupiers, Merthyr represents very safe apartment buying in terms of property values and is far enough away from the high density living and massive current development/over-supply of Fortitude Valley and Newstead.

30 metres from the apartment is the Citycycle bike rack, 50 metres away is the bus stop, cafes, Vine restaurant and shops and the river, the Sydney Street Citycat terminus, pedestrian Riverwalk and access to the city is a short walk away for commuters and those exercising. Whether you are an investor or an owner occupier, this superbly located apartment represents excellent buying and it's priced to sell, today, so hurry!

  • Low Body Corporate fees
  • Massive complex (1138sqm) with only 8 units
  • Location, location, location without the price tag
  • Open plan living nestled in the shade of a giant mango tree
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Secure Parking
  • Single Garage
  • Terrace/Balcony

88.7m² / 0.02 acres






New Farm

Do you want to find out more about this suburb? Enter your details to receive a free comprehensive suburb report.

Get your suburb report