The Walton Colonnade is in the absolute heart of the Gold Coast, so if location is what you want, location is what you get.
The assessments, as indicated by Stacy, are on the high end, but it is a full amenitiy building (pool, exercise facilities, party room, and 24-hour doorman), and they are not disproportionately high compared to other high rises in the Gold Coast. Those buying in high rises in the Gold Coast are going to expect those types of assessments.
Over the past 3 months, the average market time for 1 bedroom/1 baths has been 3 months.
Unlike a lot of older high rises, this particular building does allow washers and dryers in the units, so that is a plus.
The parking in the building is leased, so be sure there is availability if you own a car.
It is an older building (1972), so be sure to look into the health of the reserves and inquire about any special assessments.