1002/188 Shafston AvenueKangaroo Point QLD 4169
Property Details for 1002/188 Shafston Ave, Kangaroo Point
1002/188 Shafston Ave, Kangaroo Point is a 1 bedroom, 1 bathroom House and was built in 2001. While the property is not currently for sale or for rent, it was last sold in August 2017.
Last Listing description (September 2019)
TOP FLOOR - LARGER STYLE UNIT - WITH BALCONY + AC
Located high in the building on the top floor, this fully furnished, air conditioned studio with south facing balcony is returning an approximate 7%+ rent yield or perfect for an entry level owner occupier. This unit is a highly sought after unit type in the Shafston Mansions building having a balcony, air-conditioning and including a full inventory of furniture.
Unlimited potential and no limitations for an investor, or as a stop over home-base for you while in Brisbane, or for your family - total autonomy over this asset.
Currently demonstrating strong rent income on a long term lease until 4 June 2019 at $320 per week. A approximate 7.0+% nett return.
The Shafston Mansions building boasts an array of amenities such as a recreational lounge, on-site laundry, fully equipped indoor and outdoor gym, cafeteria as well as photocopying/printing facilities. Further to this, the onsite management team are present 24 hours a day to attend to all related tasks and with secure swipe card access throughout the building - security is not an issue.
You have total autonomy over your asset as this studio can be owner occupied, or managed by any agency of your choice or directly managed by yourself.
With the Brisbane traffic levels on the rise, this property is in a prime position with very close proximity to both City Cat & City Hopper Ferry Services (5 mins walk), bus services as well as a City Cycle station close by. Further to this, there are a range of local cafes, restaurants, supermarkets and bars nearby.
Currently, this apartment is evidencing a rental income of $320.00 per week gross on a long term lease through to June 2019 plus all associated costs such as body corporate fees, council rates and water.
Important Financial Points:
- $320.00 per week gross rental income to 4 June 2019
- Body Corporate Fees: $2,560 approximately per year (Free Electricity & High Speed Internet Provided within this)
- Council Rates: $1,525 approximately per year
Important Property Points:
- 1 Bedroom, 1 Bathroom with south facing balcony
- 27sqm Approximate Internal Floor Area
- Situated on the 11th Floor facing South
- Fully Furnished and Equipped
- 24 Hour On-Site Management & Secure Access
- Electricity & High Speed Broadband (approx 16gb per week) provided by the Body Corporate
- Recreational Lounge, Fully Equipped Gym & Cafeteria
- City Cat, City Hopper, Bus & City Cycle Services all close by
Contact Stephen Pahl on 0404266085 for your private inspection.
Property History for 1002/188 Shafston Ave, Kangaroo Point, QLD 4169
- 14 May 2017Listed for Sale FOR SALE - CONTACT AGENT
Recent sales nearby
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About Kangaroo Point 4169
The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.0% of total area. The population of Kangaroo Point in 2016 was 8063 people. By 2021 the population was 9689 showing a population growth of 20.2% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation.In 2021, 36.00% of the homes in Kangaroo Point were owner-occupied compared with 36.90% in 2016.
Kangaroo Point has 7,063 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 60.35% increase in median value, while Units have seen a 88.79% increase. As at 30 November 2025:
- The median value for Houses in Kangaroo Point is $1,700,159 while the median value for Units is $1,013,365.
- Houses have a median rent of $700 while Units have a median rent of $740.
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