SoldNov 11, 2025

55 Ridge St, Greenslopes, QLD, 4120

$2,285,000

7
3
4

BlockOfUnits

19 days on the market

Sold: Nov 11, 2025

What's around 55 Ridge St

Under Instruction From Receivers - 3 Brick Apartments + Pool!

Under instruction from Receivers and Managers, to be sold by public auction. A rare opportunity to purchase three full-brick apartments - each individually titled however to be sold as one , securing an entire complex. Whether you’re an investor seeking a dependable income stream, a superannuation buyer looking for a solid asset, or a home seeker wanting a quality residence in a handy position, this property offers lasting value and flexibility. Built in 1993, the complex has been thoughtfully maintained and includes three spacious, self-contained dwellings, each with its own outdoor space and car parking. A shared in-ground pool adds to the appeal, creating a relaxed setting for residents while keeping upkeep low and manageable. Unit 1 – Spacious Two Bedroom Plus Hobby Room Warm and inviting, this generous two-bedroom home features open-plan living with a brick fireplace and split-system air conditioning. A well-laid-out kitchen adjoins a large laundry with an extra hobby or workroom - perfect for creative projects or a quiet home office. Both bedrooms have walk-in robes and ceiling fans, and the rear deck provides a peaceful spot to enjoy morning coffee or afternoon breezes. Unique Features: - Additional hobby or workroom – ideal for creative use or home office - Lock-up garage - Quiet rear position within the complex Unit 2 – Modern Two Bedroom with Private Patio Stylish yet easy to live in, this apartment offers light-filled open-plan living with timber-look floors and a modern kitchen with electric appliances. Two well-sized bedrooms include built-in wardrobes and ceiling fans, and the two-way bathroom connects conveniently to the main bedroom. Sliding doors open to a private covered patio, offering the perfect spot for outdoor dining or a relaxed weekend breakfast. Unique Features: - Private covered patio for outdoor dining or relaxation - Excellent natural light and cross-ventilation Unit 3 – Top-Floor Three Bedroom with City Views Taking up the entire top floor, this three-bedroom residence feels more like a house than an apartment. The open tiled living area is complemented by ducted air conditioning, while the large kitchen provides plenty of bench and storage space. Three generous bedrooms include built-in robes, with a main bathroom, second toilet, and an expansive entertainer’s patio capturing sweeping city views - ideal for sunset dinners or relaxed evenings. Unique Features: - Large covered patio with wide city vistas - House-like proportions rarely found in a top-floor apartment - Excellent privacy and natural light throughout Additional Highlights Of The Complex Include: - Shared in-ground pool - Solid full-brick construction and neatly maintained common areas - Light-filled interiors with good natural ventilation - Three separate titles - being sold as one Investment Snapshot: - Combined rental income of $1,620 per week - All units securely tenanted - Consistent rental performance and minimal ongoing maintenance - Flexible options for investors, superannuation buyers, or multi-generational living This rare receivership sale presents a transparent, time-certain opportunity to secure quality full-brick apartments in a peaceful, well-maintained setting. Opportunities like this don’t come along often, register your interest early and be ready to bid with confidence on auction day.

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