Brisbane Metropolis has seen its greatest sale for a residential unit ever, with an enormous two-storey residence promoting for $9 million this week.
The house at 2802/140 Alice St has 4 bedrooms and 5 bogs throughout its two flooring, sitting within the higher flooring of the celebrated Abian Tower.
The Abian’s earlier greatest gross sales have been for its penthouse flats in the identical constructing, together with one bought in 2024 by racing group proprietor Tony Quinn for $8.03 million.
This newest buy additionally surpasses one in every of Brisbane Metropolis’s highest-profile gross sales: a penthouse in Admiralty Quays owned by entrepreneur Thérèse Rein and her husband, former Prime Minister Kevin Rudd. Public property data present Rein and Rudd purchased the property for $8m in 2016.
2802/140 Alice St, Brisbane Metropolis. Its $9 million sale units a report for the internal metropolis suburb.
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The house sits on two flooring and overlooks the Botanical Gardens, with a view stretching out to Larger Brisbane.
The sky dwelling was inbuilt 2017 with a design impressed by architect Zaha Hadid, that includes a personal elevate and a 100 sqm out of doors balcony overlooking Brisbane’s Botanical Gardens.
Its presence in a status residence advanced in the course of the town gave its distributors entry to 4 safe carparks, together with shared tower facilities akin to a wellness centre, swimming pools and a fitness center.
Brokers Simon and Courtney Caulfield of Place Kangaroo Level oversaw the sale of the property.
The seller for the house on the time of the sale was Dr Amyna Sultan, Director and guide ophthalmologist at Pacific Worldwide Hospital in Papua New Guinea (PNG).
“She does over 3000 professional bono eye circumstances a 12 months,” Mr Caulfield stated. “PNG clearly don’t have nice financial standing when it comes to personal and public well being. So one of many huge issues for her that brought on them to promote the property was the enterprise, and simply specializing in what they do greatest in PNG.”
The house on the Abian Tower bought for greater than the constructing’s penthouse flats, together with one purchased by entrepreneur Tony Quinn.
The acquisition additionally beat the sale worth of businesswoman Thérèse Rein and former PM Kevin Rudd’s dwelling, by round $1 million.
The house was purchased in 2014 earlier than the unit completed development. Over the next years, Dr Sultan labored to redo the inside of the house to her requirements, and sought a purchaser who was seeking to proceed that renovation work.
The eventual purchaser was an internationally-based household who personal a big enterprise. Mr Caulfield stated the household have been contemplating making this Brisbane property their new everlasting residence.
“They love the truth that the Botanic Gardens are there,” he stated. “It’s actually laborious to beat Abian as a constructing. You’ve received the 24 hour concierge, you [can] stroll straight throughout the highway to the park, you’ve received the CBD and the approach to life behind you.”
The property was present process renovations by a famend Papua New Guinea physician, who sought a purchaser who’d wish to proceed the work.
The house’s new homeowners wish to extensively redo the complete inside to make it their very own.
Negotiations started in June of 2024, with the house promoting unconditionally as of January 2025.
Regardless of it solely being 7 years outdated, tens of millions of {dollars} are anticipated to be spent on new upgrades for the house, akin to changing the porcelain flooring with timber and redoing the kitchen.
“They’ll actually intestine the place,” Mr Caulfield stated. “It simply goes to indicate you that $9 million can get you a terrific piece of actual property and break the internal metropolis report, however somebody can nonetheless wish to spend extra money on it. That’s the market we’re in in the mean time.”
Ms Caulfield additionally bought a house in New Farm at across the similar time: 101/156 Oxlade Drive, which bought within the early $8 million vary.