1704/361 Turbot Street, Spring Hill QLD 4000

17th floor | CBD skyline views | renovated ensuite | flood overlay noted | tenanted until Jan 2027 This unit offers a rare combination of high-floor positioning and sweeping city views, which are structurally limited in the Republic Apartments building and command a premium in the inner-city market. The renovated ensuite and stonetop kitchen reduce immediate capital outlay for a buyer, while the current lease at $775 per week provides reliable holding income until early 2027. The property suits an investor seeking a core-plus holding in a walk-to-work location, or an owner-occupier who values outlook and amenity over a quiet street. The building’s pool, spa, and gym add lifestyle appeal that supports rental demand from professionals. The flood overlay is the primary risk, and a buyer should inspect the property’s history and building insurance premiums before committing. The 2024 sale at $660k sets a recent floor, but current estimates range from $750k to $970k, reflecting market uncertainty and agent positioning. The tenancy locks in cash flow but limits personal use until 2027, which may delay a buyer’s own occupancy. The opportunity lies in negotiating below mid-range estimates given the flood overlay and the seller’s lack of a fixed price. Hold this property for rental yield and capital growth as Brisbane’s inner-city densification continues, or occupy after the lease ends.