The first of two penthouses has been sold at 443 Queen Street, breaking Brisbane price records. Selling for over $6 million, making it one of the most expensive units to sell off the plan in Brisbane to date.
Equivalent to $19,500 per internal square metre, the penthouse is one of two, with the second due to go on sale later this month. The buyer, a Brisbane local is expected to move in when building is completed.
To date, over 65 percent of apartments have sold, with Cbus Property – the developers behind the project – set to deliver a building that has unique subtropical design traits that are unique to Brisbane and Australia.
Situated at the top of a 47 storey high building, the penthouse boasts four large bedrooms, generous three metre high ceilings, three separate balconies and a butler’s pantry.
Unprecedented views from every room of the penthouse will take in views of the Brisbane River, Kangaroo Point and the Story Bridge from various vantage points.
The design of 443 Queen Street – said to be built exclusively for Brisbane – in itself is rare, as it moves away from a traditional ‘sealed square plan’ tower to open up and naturally ventilate every apartment.
Adrian Pozzo, Chief Executive Officer for Cbus Property comments: “The sale off the plan is a testament to the uniqueness of the building. Penthouses offering this level of luxury do not come up often, which prestige buyers recognise. We have already received a number of enquiries for the second penthouse and we are confident this will sell off-the-plan.”
Pozzo continues: “Buyers are continuing to look to Brisbane and confidence is returning to the market. Comparatively, Brisbane offers better value than other leading cities, which is why the penthouse on sale at 443 Queen Street is guaranteed to offer the buyer undeniable luxury that they just won’t find anywhere else.”
Cbus Property will also release the next phase of two bed apartments in the building at the start of the spring season. All residents will also take advantage of world-class amenities, including an infinity pool and yoga deck as well as a building adorned with lush green landscape.
This ‘South Bank CBD stretch’ of the Brisbane River between Eagle Street Pier and the New Farm Riverwalk is set to become one of Brisbane’s most transformed rivers edges. The Howard Smith Wharves and 443 Queen Street developments are under construction and plan to revitalise the river edges through retail and upgraded pedestrian infrastructure, as well as the upcoming Dexus Waterfront Redevelopment.
443 Queen Street has an active sales display located at 388 Queen Street. Information can be found at 443queenst.com
Source: Brisbane Development