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Art Deco Apartment Auction Brisbane Inner City Property News
August 28, 2018 4:29 am by ramsaystirling
Art Deco Apartment Auction Brisbane Inner City Property News Art Deco Apartment Auction Brisbane Inner City Property News
Originally published as Blast from the past nets half a million
On a 470 sqm parcel, it includes four two-bedroom apartments on the upper levels and two one-bedroom apartments on the lower level.
Osmaston at 598 Lower Bowen Tce, New Farm, is on the market. Picture: realestate.com.au.
A RETRO styled apartment that harks back to Brisbane's yesteryear was sold for close to $100,000 above the median for the suburb.
The art deco style apartment will be auctioned by Place — Coorparoo tomorrow.
Constructed in the 1930s, the brick building is a great example of the art deco style of architecture that was hugely popular in the first half of the twentieth century.
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"We held it on the deck (of the apartment) because it was the only place that could hold everybody."
Although there is no shortage of new apartments around Coorparoo, this apartment was built in the first half of the last century when the art deco style was popular across the globe.
He spent a lot of time and money on sourcing interior materials to fit with the art deco style of the building, including the distinctive tiles that are throughout the home.
Agent Darren Bonehill from Place Coorparoo said the auction attracted a large crowd.
OLD SCHOOL: This art deco style remains popular to this day.Source:Supplied
The bathrooms and kitchens were renovated in the past 15 years.
Osmaston at 598 Lower Bowen Tce, New Farm, is for sale. Picture: realestate.com.au.
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After relocating to Tasmania he made the reluctant decision to put it on the market.
"We've had numerous parties there, you can fit a lot of people in," he said.
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This art deco building at 32 Moray St, New Farm, sold in October for $2.95m.
THIS Brisbane art deco apartment is a real blast from the past
Vendor Gavin Gordon said he originally bought the apartment almost 30 years ago because of its unique style.
Currently the median selling price for an apartment in Coorparoo is $411,350, according to market data from CoreLogic.
"As soon as I walked in I knew this was the place I was going to buy."
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.
"It went to a lovely young couple (currently) living in Paddington," he said.
About 50 people came along to the auction for this apartment.Source:Supplied
Owner Gavin Gordon purchased the three-bedroom apartment almost 30 years ago after he fell in love with its historical charms.
"As soon as I walked in I knew this was the place I was going to buy," he said.
It was the first time the heritage-listed property at 32 Moray Street had changed hands in 81 years.
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.
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.
"We had four registered bidders and a crowd of about 50 people," Mr Bonehill said.
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.
The interiors have been renovated to fit with the art deco theme.Source:Supplied
In a city filled with 'six-pack' apartments with little in the way or originality and character and inner city high rises, this vintage style home offers something very different.
The building is curved with nautical themed port windows.Source:Supplied
The property is in a prime location, walking distance to Merthyr Village shops and New Farm Park.
Mr Gordon said one of the highlights of the property was the expansive balcony.
The kitchen in one of the units at Osmaston. Picture: realestate.com.au.
The three-bedroom art deco apartment at 3/30 Rialto St, Coorparoo, in Brisbane's south east was sold for $510,000 at an auction on Sunday.
It has a number of quirky features including porthole style windows and a two way 'milk cupboard', a relic from the days of home delivered milk.
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"New Farm unit prices in comparison to other inner city locations continue to grow due to high demand and tight supply that will continue."
"I was seeing so many 'six-packs' I really wanted something that had character and was different," Mr Gordon said.
TIMELESS CHARM: Is it time for the art deco style to make a comeback?Source:Supplied
Art deco apartment block built 80 years ago set to fetch millions
The building, Osmaston, at 598 Lower Bowen Terrace, New Farm, generates a rental return of about $80,000 a year.
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