_Historic renovated penthouse in Brisbane CBD to hit the market
A luxurious penthouse with plenty of history in the heart of the Brisbane CBD is expected to generate strong national and international interest when it is taken to the market later this month.
The 308sq m property at 43/208 Adelaide Street overlooks Anzac Square, a heritage-listed town square and war memorial, which is currently in the final stages of a $22 million upgrade.
The four-bedroom, three-bathroom penthouse, which also has three car spaces, is situated in a building known as ‘The Residences’, which was originally built in 1920 with a commercial purpose but has more recently been converted into 47 apartments.
It has classical elegance, with classic art deco architectural elements including soaring ceilings, large-scale rooms and beautiful light throughout.
The apartment is being sold by retired businessman and lawyer Michael and wife Marlene O’Reilly who are relocating to Europe to be with family.
The couple were originally drawn to the building because of its European design and features including entertaining areas with a stylish music and library room, a private fine dining room and a spacious and sumptuous lounge area, with western red cedar parquetry flooring throughout. They renovated the penthouse in 2011 to modernise it, fitting the kitchen with granite benchtops, quality stainless steel appliances including a gas cooktop, integrated dishwasher and rangehood.
The vibrant urban lifestyle provided by the property’s location is also appealing for both the current and future owner. It’s in the middle of Brisbane’s CBD, close to Brisbane Central train station and with easy access to Brisbane International Airport, as well as all the amenity within the city and surrounding inner-city areas.
The apartment has striking city views over Anzac Square, which can also be seen from the classic Juliet style balconies. With the square currently under renovation, the final park and memorial below will be an absolute drawcard to the Brisbane CBD when completed later in 2018.
The rejuvenation project for Anzac Square includes a new entrance, more grass and seating, with the majority of work to be completed by Remembrance Day in November.
Amenity in the Adelaide Street building includes a private gym and indoor swimming pool for residents and guests.
Expressions of interest are being sought for the apartment at $3.75 million, with interest expected to come from around Australia and overseas, particularly Asia.
This property offers something unique for buyers looking for a Brisbane penthouse that has some character and is rich in history. The three car spaces it comes with will also be a huge asset, with parking at a premium in the Brisbane CBD.
Brisbane’s luxury residential market has been performing strongly throughout 2018, with strong demand from national and international buyers and impressive sales taking place. The highest sale of the year has been a riverfront Hawthorne property, which changed hands for more than $11 million. The city is really coming into its prime now, and is coming onto the radar for many buyers, including locals, those from interstate and even internationally.
All the fundamentals are aligning, with population growth, including the highest interstate migration of all the states and territories, a strengthening economy and billions of dollars in infrastructure in the pipeline, including the $3.6 billion Queen’s Wharf development in the CBD, which is currently under construction and will be transformative for the city.