405/188 Shafston Avenue, Kangaroo Point QLD 4169

Beautifully renovated and perfectly positioned close to the the Brisbane River, with City ferries. This furnished studio apartment offers the ultimate "set and forget" investment opportunity.

With every detail upgraded, the apartment presents as new - appealing to both tenants and investors seeking a high-yield, low-maintenance property. Featuring reverse cycle aircon and offering a strong rental return of $450-$460 per week and a 9% yield, this is an opportunity not to be missed.

Situated in a secure, well-maintained complex on a 1,928m² river-side block, residents enjoy premium facilities including a well equipped gym, lounge, and outdoor entertaining area overlooking the water. Public transport is right on the doorstep, with the CityCat, bus stops, Kangaroo Point Cliffs, and CBD all within minutes.

Whether held in a Self-Managed Super Fund or added to your growing portfolio, this property promises consistent performance and strong future demand in one of Brisbane's most tightly held suburbs.

Features include:
- Fully furnished studio apartment
- Recently renovated
- EXCELLENT 9% ROI | $450-$460/week
- Onsite management and secure tenancies
- Gym, lounge & outdoor river-view terrace
- 200m to bus stop | 600m to ferry & Kangaroo Point Cliffs | minutes to CBD

Financials
- Rates: $500 per quarter
- Water: $200 per quarter + usage
- Body Corporate Levy: $1,500 per quarter (approx. including electricty)
- Rental Appraisal: $425 - $475 per week

In-Room Auction
Location: Ray White West End (5/156 Boundary Street, West End)
Thursday 30th October 2025 at 11am

Disclaimer
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.