Fortitude Valley

Queensland, Australia

Status	Available
Price From	385,000  AUD

 

About the Development

One bedroom plus car park from $ 385000 centrally located right in the heart of Fortitude Valley.

This would be an ideal Investment for students wishing to live close to the universities and transport.

Centrally positioned and within walking distance to CBD, trendy James St and China town.

Property Type: Apartment

Property Price: 385,000

Bedroom: 1

Bathroom: 1

Carport: 1

Build. Size (approx): [105 sqm], [1,130.21 Square Feet], [11.30 Squares]

Municipality: Brisbane City Council

Location

To create an innovative development one of the keys is finding the perfect location. The site for The Miro is precisely that. Located in Fortitude Valley, the cultural heart of Brisbane, teeming with vibrant restaurants, hot night spots and chic clothing outlets will make The Miro one of the most sought after addresses in Brisbane.

Fortitude Valley

Linking the city to the suburbs, Fortitude Valley in the fringe precinct of Brisbane has undergone significant transformation in recent years and has emerged, in the eyes of many, as Brisbane's trendiest, most happening place to live.

Council's Urban Renewal initiative and a strong demand for living, working and playing in the same urban environment have contributed to the newly found lifestyle appeal and real estate success of The Valley.

It is no surprise that the suburb is attracting such a wide range of people including young urban professionals and those who are young at heart, as the character, culture and vibrancy of the area is currently replicated nowhere else is Brisbane.

Fortitude Valley is producing one of the highest unit rental yields in Brisbane 6.1% as at July.

Residential rents are rising at their fastest pace in 20 years, with rents expected to rise by 6 to 12 percent a year over the next three years depending on the capital city.

Furthermore, there is a potential for strong capital gain averaging 7.6% p.a. over five years. This is therefore the time to invest in a quality development like Meridien's The Miro.