2607/70 MARY Street Brisbane City QLD 4000

Converted apartment on 26th floor | Last sold 2019 at $250k, now $599k+ | Rental yield 5.75% | Flood risk zone This one-bedroom unit in the Mantra on Mary complex suits investors and owner-occupiers seeking inner-city convenience with established rental demand in Brisbane’s CBD. The property occupies 58 square metres of internal space within a 2008-built residential tower, positioned on the 26th floor with elevated city views. The recent asking price of offers over $599,000 represents a substantial appreciation since the last recorded sale in July 2019 at $250,000, reflecting broader Brisbane CBD market movement over the past seven years. The unit has been partially renovated and arrives with furnishings including refrigerator, washing machine, and dining furniture, positioning it as a turnkey investment or move-in-ready owner-occupied option. Rental data suggests the property attracts consistent tenant interest, with an estimated weekly rental return around $560 and a rental yield of approximately 5.75 percent, making it competitive within the apartment investment segment. The building amenities include pool and air conditioning, standard features for mid-rise residential towers in this precinct. However, the property sits within a flood risk zone according to Queensland government mapping, a factor that typically influences both insurability and long-term value perception in inner-city Brisbane. Buyer interest in this specific property appears concentrated among investors seeking stable cash flow from CBD accommodation demand rather than owner-occupiers, given the compact footprint and rental positioning evident from listing descriptions. Properties in this building and immediate precinct have shown relatively consistent market participation, with comparable units selling within a $300,000 to $350,000 range within recent years, suggesting the current asking price reflects either market enthusiasm or renovation investment in this particular apartment.