Auction Location: In-Rooms at 285 Shafston Avenue, Kangaroo Point
The bones are exceptional. What happens next is up to you.
Set across the top floor of this landmark brick building, Apartment 48 is a two-bedroom, two-bathroom residence with a rare offering in the Brisbane City market — a genuine two-storey layout and a blank canvas ready for the right vision.
Originally an industrial building reimagined as apartments in the 1990s, The New Yorker carries a heritage character that no new development can fabricate. Full brick construction, generous proportions, and a sense of permanence define this address — and Apartment 48 sits at the top of it, on the building's third and fourth levels.
The lower level opens to a living and dining space beneath ceilings up to 3.4m, a functional kitchen, and a well-proportioned bedroom with its own bathroom. Upstairs, the master suite claims its own private floor — a generous 4.7m x 3.3m room with a retreat area, and ensuite, tucked beneath ceilings soaring to 3.8m.
This is a home that rewards vision. Untouched and ready for a considered renovation, Apartment 48 offers the kind of opportunity that's increasingly hard to find in the inner city — genuine scope to add value, in a building where character is already built into the walls. For an investor, the numbers tell their own story, with returns of 4-10% achievable once brought up to standard. For an owner-occupier, it's a chance to build something that's genuinely yours from the studs up.
There's no car space on title, though secure parking is available to rent from $60 per week — a minor detail in an address where most residents simply walk.
And what an address it is. Ann Street places you five minutes from Howard Smith Wharves and Eagle Street Pier, with the Thursday markets right on your doorstep. Cross River Rail, Brisbane Metro, and the 2032 Olympic Games will only sharpen the appeal of a position this central in the years ahead.
Apartment 48 is a rare kind of opportunity — a two-level residence in a one-of-a-kind building, priced for what it is today and full of potential for what it could become.
For further information or to arrange a private inspection, contact Mary Buchan on 0497 170 305 today.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
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