Back 701/188 Shafston Avenue
Active

701/188 Shafston Avenue

Kangaroo Point QLD 4169

1
1
21 m²
1928 m²
Studio
Currently for sale - view listing

Overview

Prime LOCATION High yield Low-maintenance City Pad at award winning modern complex in a tightly held inner city suburb

When calling, please use enquiry code 115785 Want high yield low-maintenance inner-city investment property OR live a riverside lifestyle with free car park in a tightly held blue-chip suburb? Available vacant is a recently renovated self-contained studio at 2002 award-winning Shafston Mansion. The studio comes fully furnished offering all you need to move in. The all-new kitchenette is furnished with a bar fridge, electric cooktop, a tall pantry and other modern cooking appliances. Electricity bills and unlimited 5G WiFi included in the body corp. The complex features a secure free carpark, in-building laundry, onsite management and beautifully furnished spacious lobby suitable for WORK. EXERCISE in a fully equipped gym, ENTERTAIN at a TV lounge or RELAX at a large outdoor deck for a BBQ. As a prime location City Pad, this studio was returning $465 per week in 2025 which presents an exceptional yield for investors. LOCATION LOCATION LOCATION Nestled adjacent to a peaceful heritage site Shafston House on the river, you can walk only 11 min to either Dockside or Mowbray Park terminals and popular New Farm Park is just one stop across the river. Moments from major hospitals, South Bank TAFE, QUT and Griffith Universities, Gabba Stadium, scenic river walks, and the iconic Story Bridge and Kangaroo Point Cliffs, the property places you within walking distance to education, entertainment, shopping and healthcare precincts. You are just 20 min walk to City Botanical Garden and the newly developed Star Brisbane Precinct. As CBD, South Bank, Fortitude Valley and New Farm are all within walking distance, you can enjoy all Brisbane has to offer while living without the hustle and bustle AND the noise and the pollution of these suburbs. The Brisbane City Council just approved early July 2026 a development plan to transform your neighbouring 1ha riverfront Shafston site into a globally prestigious Capella Residences, first time in Australia (last photo). So, come 2029, it will become the most prestigious neighbourhood in Brisbane. Property Highlights: Council rates $548.8 per quarter Body Corp. $1340.57 per quarter (includes water, electricity) Water bill approx. $282 per quarter Private bathroom with modern finishes All-new kitchenette with pantry cupboard, electric cooktop and bar fridge Fully-equipped gym, TV lounge and a large deck for recreation Beautifully furnished spacious lobby with WiFi for work and meetings Free secure underground car park and dedicated parking for all bikes Secure building with lift AND step-free access Walk to major hospitals, scenic river walks, and the iconic Story Bridge and Kangaroo Point Cliffs, and CBD Was returning $465 p/w secured income since August 2025 Inspect by appointment and secure your piece of Brisbane before Olympics lifts the local market. When calling, please use enquiry code 115785

Features

1 bedroom
1 bathroom
21 m² floor area
1928 m² lot size
Studio

Property history for 701/188 Shafston Avenue

2023
Sold
$135,000
08 Feb 2023 by Ethan Petrie, of Ray White West End

Happy sellers in Kangaroo Point

93%
93% of sellers in Kangaroo Point reported that their sale price either exceeded or met their price expectations.

Kangaroo Point stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 47 reviews in Kangaroo Point over the last 12 months.

Local market activity for 1 bedroom studios in Kangaroo Point

In the last 12 months, 2 one-bedroom studios similar to 701/188 Shafston Avenue, have been sold.

This represents a 78% increase in one-bedroom studios sales when compared to the previous 12 months.

© 2026 RateMyAgent