1115/188 Shafston AvenueKangaroo Point QLD 4169
Property Details for 1115/188 Shafston Ave, Kangaroo Point
1115/188 Shafston Ave, Kangaroo Point is a 1 bedroom, 1 bathroom Unit and was built in 2001. The property has a land size of 25m2 and floor size of 21m2. While the property is not currently for sale or for rent, it was last sold in August 2018.
Last Listing description (September 2018)
Located on the top floor, this larger style fully furnished, air conditioned studio with north facing balcony is now available for sale. 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 to use attending University - total autonomy and no limitations over this asset.
Current evidenced rent income at $320 per week long lease to August 2018. A 6.0+% approximate 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 and 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.
Important Financial Points:
- Body Corporate Fees: $2,541 per year (Including Free Electricity and High Speed Internet Provided within this)
- Council Rates: $1,254.20 per year
- Rental income $320 per week - current lease to August 2018
Important Property Points:
- 1 Bedroom, 1 Bathroom with North facing balcony
- 28sqm Internal Floor Area
- Situated on the 11th Floor facing North with River Views
- Rental income $320 per week - current lease to August 2018
- Fully Furnished and Equipped
- 24 Hour On-Site Management and Secure Access
- Electricity and High Speed Broadband (approx 16gb per week) provided by the Body Corporate
- Recreational Lounge, Fully Equipped Gym and Cafeteria
- City Cat, City Hopper, Bus and City Cycle Services all close by
Contact Stephen Pahl on 0404266085 for your private inspection.
Close to Schools,Close to Shops,Close to Transport
Property History for 1115/188 Shafston Ave, Kangaroo Point, QLD 4169
- 15 Aug 2018Sold for $146,000
- 20 Sep 2017Listed for Sale SOLD BY STEPHEN PAHL
- 12 Jul 2002Sold for $188,000
Recent sales nearby
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About Kangaroo Point 4169
The size of Kangaroo Point is approximately 1.8 square kilometres. There are 6 parks, covering nearly 12.0% of the 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 7,169 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 52.25% increase in median value, while Units have seen a 91.88% increase. As at 30 June 2026:
- The median value for Houses in Kangaroo Point is $1,958,590 while the median value for Units is $1,085,418.
- Houses have a median rent of $800 while Units have a median rent of $740.
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