Historic Brisbane CBD penthouse hits the market with eye-watering price tag

first_imgThe view of ANZAC Square from the penthouse at 43/208 Adelaide St, Brisbane.AN HISTORIC penthouse overlooking Anzac Square in Brisbane’s CBD has hit the market with a $3.75 million price tag.Oozing old world glamour, the property is set to generate strong national and international interest as the city’s prestige market continues to attract attention.The renovated apartment at 43/208 Adelaide Street in a building known as ‘The Residences’ spans 308 sqm and has four bedrooms, three bathrooms and three car spaces. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE A glimpse of one of the Juliet balconies at the penthouse.“This property offers something unique for buyers looking for a Brisbane penthouse that has some character and is rich in history,” Ms Cullen said.“The three car spaces it comes with will also be a huge asset, with parking at a premium in the Brisbane CBD.” SLIM PICKINGS IN SUBURBS WITH FAST TURNAROUND The library and music room in the penthouse at 43/208 Adelaide St, Brisbane City.“They renovated the penthouse in 2011 to modernise it, with the kitchen having been fitted with granite benchtops, quality stainless steel appliances including a gas cooktop, integrated dishwasher and rangehood.” Inside the penthouse at 43/208 Adelaide St, Brisbane City, which is for sale.The building was constructed in 1920 for a commercial purpose, but has more recently been converted into 47 apartments.Knight Frank’s head of prestige residential sales, Deborah Cullen, is marketing the property via an expressions of interest campaign closing September 28.Ms Cullen expects interested buyers to come from around Australia and overseas, particularly Asia. BUYERS CLAMOUR OVER RENOVATED ‘UGLY DUCKLING’ The penthouse at 43/208 Adelaide St, Brisbane City, overlooks ANZAC square.The Adelaide Street building includes a private gym and indoor swimming pool for residents and guests.Ms Cullen said Brisbane’s luxury residential market had been performing strongly throughout 2018, with demand from national and international buyers and some impressive sales. More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoThis penthouse at 43/208 Adelaide St, Brisbane City, is for sale.Records show the property last sold for $2.1 million in June 2009.The apartment is being sold by retired businessman and lawyer Michael O’Reilly and his wife, Marlene, 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,” Ms Cullen said. CAPE COD HOME TO GO UNDER THE HAMMER One of the bathrooms in the penthouse.“The apartment has striking city views over Anzac Square, which can also be seen from the classic Juliet style balconies.”Anzac Square is in the final stages of a $22 million upgrade to be completed by the end of this year. One of the bedrooms in the penthouse at 43/208 Adelaide St, Brisbane City.Ms Cullen said the property’s location was a major drawcard.“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,” she said. The penthouse is in a building known as ‘The Residences’ in Adelaide Street.“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,” she said.last_img

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