Brisbane City apartment sold for $110,000 loss at mortgagee auction

Brisbane City apartment sold for $110,000 loss at mortgagee auction
Brisbane City apartment sold for $110,000 loss at mortgagee auction

A Brisbane City apartment has sold for $340,000 under the mortgagee auction hammer.

The property transacted for $448,000 when last sold in 2011.

William Hawkins and Ben White of The Place marketed the unit.

Situated at 2407/501A Adelaide Street, the 24th floor apartment is described in the listed as an "oversized" and a "perfect investment opportunity or ideal pied a terre."

It captures views over the fringe to the north east, sights from the Story Bridge to the Northern Suburbs.

Located in Meriton's Soleil complex, it features amenities such as a heated indoor 25m lap pool, sauna, spa and a fully equipped gymnasium.

Set on 58 sqm, the listing estimates that the one bedroom, one bathroom unit could be rented for around $350/pw.

Brisbane City apartment sold for 0,000 loss at mortgagee auction

The median sale price for a unit in Brisbane City is $490,000, according to CoreLogic, which calculate its annual change in median price over the past 10 years as 1.1%.

Tags: 
Brisbane Mortgagee Listing

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