This one bedroom, one bathroom woolstore apartment offers the astute buyer the opportunity to secure a quality bricks and mortar investment property achieving $430 / week unfurnished. Impressively, the property could achieve $500 / week if it was fully furnished and made available to the corporate market.

The apartment will impress with its high concrete ceilings and sunken living area opening to a covered balcony. The kitchen includes Bosch stainless steel appliances, gas cook-top, dishwasher and large pantry. There are floor to ceiling robes in the queen-size bedroom and the stylish bathroom includes a deep tub. Thoughtfully designed for natural cross ventilation, the ducted air-conditioning is rarely needed.

There is one secure basement car park, with lift access. But to beat the traffic catch the City Glider bus or City Cat ferry, which will be operational by Christmas 2011, from across the road.

"W4" was converted five years ago and offers a fabulous indoor lap pool, gym, electronic swipe security and quality on-site management.

The astute buyer will recognize the capital growth potential of this apartment positioned on the edge of the Newstead Riverpark development. It will benefit from the planned five hectares of park, one hectare lake, restaurants and shops including a Woolworths supermarket

The sustainability declaration for this property can be obtained by contacting the agent.