Art deco apartment block built 80 years ago set to fetch millions

first_imgThis art deco building at 32 Moray St, New Farm, sold in October for $2.95m. The kitchen in one of the units at Osmaston. Picture: realestate.com.au.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours ago Osmaston at 598 Lower Bowen Tce, New Farm, is on the market. Picture: realestate.com.au.AN ENTIRE block of art deco units in one of Brisbane’s best inner-city locations is set to be sold for the first time in eight decades.Kept in the same family for generations, the property was built in the early 1930s and used to house some of the US navy during World War Two. The bathroom in one of the units at Osmaston. Picture: realestate.com.au.The property is for sale through George Koukides of First National Real Estate Metro and has been marketed as “highly sought after but rarely available” and offering strata title potential. “New Farm unit prices in comparison to other inner city locations continue to grow due to high demand and tight supply that will continue.”The property is in a prime location, walking distance to Merthyr Village shops and New Farm Park.Expressions of Interest close November 11. We’ve unearthed 55 affordable housing hot spots Historic fire station for sale Sharp fall in Qld building approvals center_img Osmaston at 598 Lower Bowen Tce, New Farm, is on the market. Picture: realestate.com.au.Last month, another art deco apartment building in New Farm sold for $2.95 million to a local architect who plans to transform it into a family home.It was the first time the heritage-listed property at 32 Moray Street had changed hands in 81 years. Osmaston at 598 Lower Bowen Tce, New Farm, is for sale. Picture: realestate.com.au.The building, Osmaston, at 598 Lower Bowen Terrace, New Farm, generates a rental return of about $80,000 a year.On a 470 sqm parcel, it includes four two-bedroom apartments on the upper levels and two one-bedroom apartments on the lower level.The bathrooms and kitchens were renovated in the past 15 years. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE last_img

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