1107/70 Mary Street, Brisbane City QLD 4000

Oversized 1-bed + study | prime CBD tower | short-term rental cash flow | flood overlay present. This unit presents a competitively strong proposition for an investor targeting the short-term rental market, given its oversized floor plan with a fully enclosed study that functionally serves as a second sleeping area within a sought-after, amenity-rich building. Its position within a hotel-managed complex, sold fully furnished and described as regularly booked, offers a turnkey entry into a high-demand segment with a demonstrated yield. The demographic profile of the area, heavily concentrated with young professionals, aligns precisely with the target market for such executive accommodation. This property is best suited for a capital growth-oriented buyer who seeks to leverage existing positive cash flow from a premium CBD location, without the operational burden of sourcing furniture or establishing a rental presence. The decision hinges on acknowledging the specific risk mechanisms, primarily the identified flood overlay which necessitates specialised insurance and represents a long-term valuation sensitivity, and the inherent volatility of tourism-dependent rental income against body corporate fees in a serviced apartment complex. The commercial opportunity lies in acquiring one of the larger layouts in the building at a listed price marginally below the central valuation estimate, banking on the scarcity of such configurations to sustain rental premiums and resale appeal. Given its current ‘under offer’ status, the market has validated its attractiveness; a prudent buyer would proceed only with stringent due diligence on the body corporate’s financial health and rental pool agreement, but the unit warrants aggressive pursuit if the flood risk is financially quantified and deemed acceptable. Comparable sales data, while specific figures are withheld, references recent transactions in nearly identical CBD addresses at 222 Margaret Street, 128 Charlotte Street, 208 Adelaide Street, 92 Quay Street, and 8 Margaret Street. This concentration of market activity in directly comparable buildings substantiates the provided valuation range and confirms sustained investor appetite for this asset class, providing a credible benchmark against which to assess this unit’s pricing.