405/40 Playfield Street

Conveniently located in the heart of thriving Chermside, this outstanding 2-bedroom, 2-bathroom, 1-car "Quest" serviced apartment presents an exceptional opportunity, ideal for astute investors seeking a secure, high-yielding passive income with consistent long-term growth potential. Producing a guaranteed income of $50,600 annualised for the next 2 years plus, this modern dual-key property delivers a super return over 7% p.a. gross. With a respected commercial tenant in place, future growth is assured with a secure long-term lease until 2030, and annual rental increases of 4%, plus 2 additional 5-year tenancy options, combined with great potential for long-term capital gain. Refurbished only 3 years ago, this professionally managed property and complete investment package is designed for effortless, low-risk ownership over the long term, perfect for private investors or self-managed super funds alike, with Body Corporate Administration levies, Strata Insurance, Water Usage and Property Management fees fully paid by the tenant. Property Features: * Versatile configuration, with optional dual-key use as 2 separate apartments * Large combined living/dining; fully air-conditioned; quality finishes throughout * Private balcony, leafy outlook, quiet and elevated level 4 position * Well appointed with 2 spacious bedrooms, large mirrored built-in-robes * 2 bathrooms/laundry, 1 kitchen, 1 kitchenette, 1 secure car parking space * Modern, functional, smart design, ideal for short term or long-term leasing * Wheelchair access; fully furnished and maintained to Quest's high standards * Excellent onsite professional management with a great track record * Gymnasium facilities, reception, lounge and meeting rooms * Fully serviced apartment complex with very high occupancy rates * Secure, well-maintained building with proven reliable investor returns Premier Location: * Stroll to Westfield Chermside and Kedron Wavell Services Club * Convenient to commuter corridors; M3, M7 airport tunnel, and M1 * Approx 11km / 16min drive from Brisbane Airport * Approx 11km / 22 min drive from Brisbane CBD Located in a high-demand accommodation precinct, this property offers an enviable blend of guaranteed returns, long-term stability, low maintenance, and great future growth potential, making it an exceptional acquisition for any property investor. Register your interest today! IF YOU REQUIRE MORE INFORMATION, PLEASE SUBMIT AN EMAIL ENQUIRY TO THE AGENT FROM THIS WEBPAGE, THANK YOU Disclaimer: 1) In preparing this advertisement, we have used our best endeavours to ensure the information contained is true and accurate, however Brisbane Property Partners accepts no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained herein. Prospective purchasers should make their own independent enquiries to verify the information contained in this advertisement. Intending purchasers should satisfy themself by inspection or otherwise as to the correctness of the same. 2) The photographs illustrate parts of the property as were apparent at the time taken. Any areas, maps, measurements or distances are approximate.