1510/14 Ella Street, Newstead, QLD, 4006, Australia

The phone enquiry code for this property is - 4392

Welcome to level 15 of Chester & Ella, one floor below the Penthouse collection and enjoying the same 2.8m ceiling height and sweeping views. The developer has prided itself on high end finishes which are truly reflected throughout.

The unit:
- Stunning natural Elba marble (sealed for extra protection)
- Butler’s pantry
- Beautiful timber hardwood floors
- Gorgeous sheer curtains for that luxury feel and privacy
- Miele stove and oven, Blanco dishwasher
- Pet friendly turf on the balcony for the furry friend
- Extra storage in the separate laundry
- Double bedroom wardrobes and heaps of bathroom storage (this floor plan has heaps of storage)
- 100% wool carpet in both bedrooms
- Floor to ceiling windows and doors with natural light flooding through
- Ceiling fans in the bedrooms and living area
- Ducted reverse cycle air conditioning
- End unit with only one neighbour who is very quiet!
- Ability to install over the car bonnet storage (subject to body corp approval)
- NBN.

The location is unbeatable:
- James Street precinct is just around the corner and Gasworks is up the road
- Less than 1km to the Fortitude Valley nightclub precinct
- 1.4kms to the RBH, 2kms to St Andrews
- 2kms to the city
- 2.9kms QUT Gardens Point Campus
- 11kms to Brisbane Airport
- 10 min walk approx. to the river walk (Newstead or Story Bridge)
- Walk, bike or scoot to the city, New Farm, Teneriffe, Valley. Everything is in close proximity. Leave the car in the secure garage.

The figures:
- Currently tenanted to awesome tenants
- $690pw rent with a recent appraisal of $700-$750pw (1 bed fully furnished unit in complex just rented for $650pw)
- Rates approx. $345pq for owner occ, $430pq for investor
- Urban utilities approx. $276pq
- Body corp approx. $1636.77pq
- As of 21 July 2022 Sinking fund: $607,025.91, Admin fund $183,137.34
- Investors:
- enjoy the tax benefits with a commencement at a two year depreciation
- current approx. 4.8% gross yield, with potential of 5.2% with rental increase, even more if fully furnished
- two bed units in Newstead have increased 8.8% over the last 12 months*

The complex - Chester & Ella amenities truly make this a desired lifestyle:
- Super pet friendly (pets on body corp approval)
- Two rooftops each with infinity pools, kabana, BBQ facilities, deck chairs, television, putt putt (hole in one)
- Fully equipped gym
- Level 5 has a pool table, outdoor BBQ area, media room
- Level 6 has a large entertaining area / table that can be hired for functions with equipped kitchen and fridge facilities
- And let's not forget the concierge desk! It is open 7 days a week and can arrange dry cleaning, dog walking, parcel collection, etc.
- Community events such as dog parties, BBQ’s, State of Origin, dinners, etc.
- Onsite property management.

With the Olympic Games in 2032, Queens Wharf and the Cross River Rail all underway, this unit is an ideal investment for either an investor or owner occupier. The Brisbane unit market is still strong and the rental market is even stronger. Private inspections only to minimise disruption to the tenants. Motivated seller. Call to discuss!


* SQM Research - Property - Weekly Asking Property Prices - 4006 as of 17 July 2022