520/188 Shafston Ave, Kangaroo Point, QLD, 4169

SoldOct 11, 2025

Amount undisclosed

0 m²

34 m²

Unit

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Sold: Oct 11, 2025

What's around 520/188 Shafston Ave

High-Yield (9.1%), Newly Renovated Studio Apartment with River Views

Positioned in the heart of Kangaroo Point, this newly renovated studio apartment offers an exceptional investment opportunity with one of the strongest rental yields in Brisbane. This unit benefits from a private balcony, river views and air-conditioning. Renovations completed in August 2025, the apartment has been thoughtfully updated with modern finishes, including stylish tile and timber flooring, and come fully furnished for immediate tenancy. Spanning 34sqm, the studio layout has been cleverly designed to maximise space, with a dedicated bed area and a separate living/study zone. The property currently achieves a rental return of approximately $525 per week, delivering a 9.1% gross yield (6.73% net yield) – significantly outperforming average returns and providing a secure alternative to leaving funds in the bank. This apartment benefits from an exceptionally low vacancy rate, boosted by Shafston College being located within the building, ensuring a steady stream of potential tenants. Beyond the student market, the property is also highly attractive to the broader rental pool seeking convenient inner-city living. Residents enjoy the support of full-time onsite managers and the convenience of utilities (electricity, gas and Wi-Fi) included in the body corporate fees, with water individually metered. Lifestyle facilities such as a gym and cafeteria space add to the building's desirability, and its location offers unmatched proximity to the CBD, riverside walkways, transport links and local amenities. There is also secure car parking available in the building for residents. Whether you're seeking a high-performing investment or a low-maintenance Brisbane base, these studio apartments combine strong yields, consistent demand and prime positioning – a rare opportunity that must be purchased without finance but rewards cash buyers with returns almost double the average bank interest rate. Disclaimer This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. 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.