38 High Street | aeonproperty

Quick Facts

38 High Street is providing a full range of luxury residential apartments in one of Brisbane’s most sought after lifestyle precincts. It has strong investment appeal due to the following factors:

Well designed modern contemporary apartments with appealing City, River and / or surburban views.High quality design, finishes & recreation amenities to meet owner resident prerequisites.
Extensive choice of apartment opportunities - 1 & 2 bedroom apartments in 12 different designs.
Broad price range - $355,000 to $698,000.
Situated right in the heart of Toowong adjacent to Toowong Village Shopping Centre & Toowong Railway Station. Only minutes to the University of Queensland, Indooroopilly Shoppingtown, Wesley Hospital & the Coronation Drive office precinct.
Ready access to multiple public transport options - rail, bus and City Cat ferry.
Strong rental demand for new residential apartments.
Current rentals reflect yields of 5.25% for residential apartments.
Street Smart Walkscore of 94/100 - very walkable, most errands can be accomplished on foot.
2.0% or less local vacany rate.
The local area is growing by 1,500 new residents each year.
The median dwelling price in Toowong exceeds $620,000

38 High Street, Toowong is situated just 4 klms west of the Brisbane GPO in one of Brisbane’s best- regarded local urban neighbourhoods. It’s immediately adjacent to Toowong Village Shopping Centre & Tower (ie David Jones, Kmart, Coles & over 100 specialties), the Toowong Railway Station and the busy commercial precinct along Sherwood Road & Jephson Street. A $50m upgrade of Toowong Village will commence in early 2014 with completion in mid 2015.

38 High Street is also close to the Wesley Hospital, Auchenflower (524 beds & 2,000 staff), The University of Queensland, St Lucia (46,863 students, 7,000 staff), the Coronation Drive Office precinct (over 200,000 sqm of office space), Indooroopilly Shopping Town and two of Brisbane’s best golf courses – Indooroopilly & St Lucia. There are many private & public primary & secondary schools within easy communite. Toowong has an extensive choice of public transport with buses and trains ‘at the front door’ and the river City Cat just 10 minutes walk. All areas of Brisbane are easily accessed from Toowong.

The area supports wealthy aging ‘baby boomers’ and their adult children. There are 17,000 permanent residents in Toowong with around 60% already living in apartments. Of those living in apartments – 83% live alone, as a couple or share and 74% have no or just one car. The local area is growing by 1,500 new residents each year.

There has been little new local apartment supply due to the lack of availability of suitable sites and local resistance to new tower developments in existing residential neighbourhoods. Over all, the inner west area around Milton/Toowong accounts for less than 5% of all new dwellings in inner Brisbane.

Toowong is a strong residential, retail & commercial neighbourhood able to cater for a range of age groups, backgrounds and lifestyles. It is a neighbourhood of proximity, walkability and opportunity. The well-respected international neighbourhood rating website Street Smart Walkscore rates this location 94/100 – “very walkable, most errands can be accomplished on foot”.

Serra Property Group prides itself on the quality and presentation of it’s completed developments. All developments completed by Serra over the past 30 years have been meticulously designed to suit the aspirations of owner residents. 38 High Street will be completed to the highest standards of apartment finishes & fixtures in Brisbane.

Many of the Finishes & Fixtures to be incorporated into the apartments include:

Plasterboard ceilings throughout.
Ceramic tile or carpets to kitchen, living & dining, carpet to bedrooms. Kitchens with 20mm stone bench tops, timber veneer doors and drawer fronts and soft close drawers.
Ensuites & bathrooms with full floor and wall tiling, frameless glass shower screen, timber veneer wall hung vanity with mirror cabinet above and polished chrome tapware & accessories.
Full ducted airconditioning.
Central shared hot water service.
Free to air television points in living & bedrooms.
Fibre optic cabling provided throughout building to each apartment.

An assessment of rentals for the apartments at 38 High Street has been undertaken by Broad Property Research & Advisory. Broad Property Research & Advisory is a Brisbane based property research group with particular expertise in the area of property rental assessment. The rental determinations are based on an unfurnished and furnished basis.

Toowong is an area that attracts white collar management type executive tenants on 6 to 12 months employment contracts looking for furnished apartments to live in while fulfilling work contract arrangements.

38 High Street will be particularly popular for long stay (ie 6 months plus) furnished apartments with close proximity to work (Toowong & Coronation Drive office precincts, University of Queensland, Wesley Hospital), shops & eatries (Toowong Village opposite & Indooroopilly Shoppingtown) and good public transport.

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