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72 Nelson Street, City Centre

Written by Apartment Specialists on . Posted in This is a Property.

Hero | 72 Nelson Street, City Centre | Apartment Specialists
72 Nelson Street, City Centre
  • This location has been autonomously mapped, it may not be exact.
72 Nelson Street, City Centre
SOLD
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Going...Going...Gone

This shouldn't last long...

A northern facing two bedroom with a car park, for what price!!?

523/72 Nelson Street , Zest has long been one of the favored investor buildings for anyone looking for the combination of a safe investment with above market returns.

The opportunity here lies in the facts;

1. Values didn't go through the roof like the rest of the housing market during the Covid period. Why..? because rents went down in the CBD and they're investments.

2. Values did go down like the rest of the housing market in the last year...so while they didn't go up...they still came down.

3. Rents have increased massively in the first half of 2023. Sitting in most cases higher than pre Covid.

So basically, we have an asset that historically has sold for more as rents go higher. And rents are now higher than pre Covid...

But the values are still way below pre covid prices? Hmm.....

Without using our crystal ball, it's pretty obvious what's likely to happen with apartments like this one over the next couple of years as migration means higher and higher rents.

These apartments are due a serious catch up in value.

Then adding to that we have the fact that this apartment is one of a limited number in the complex that have a car park...and it becomes an even better deal.

Get in touch to arrange a viewing here for a time that suits you.

Ome and see 523/72 Nelson Street!

Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.
Lai Nguyen | 72 Nelson Street, City Centre | Apartment Specialists
Matt Kearns | 72 Nelson Street, City Centre | Apartment Specialists

Matt Kearns




Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).

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  • This location has been autonomously mapped, it may not be exact.
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72 Nelson Street, City Centre

SOLD