‘Back to the bones’ reno seals record $7m sale for penthouse

The $7m sale of this triple storey penthouse was the top price fetched in Queensland this past week.

A triple storey penthouse that was renovated “back to the bones” has sold for a whopping $7m, the highest price fetched in QLD this past week and a record for the area.

Latest CoreLogic figures show the apartment – which is biggest than most houses spanning 366sq m across three levels including a large sky terrace – sold for $7m on Saturday, the highest price the state has seen in the past week.

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The penthouse last sold for $4.05m in 2018.

The luxury touch to stairs connecting the three levels.

What a view to wake up to.

The penthouse price over the weekend was almost 73 per cent higher than the property last sold for three years ago, when it fetched $4.05m, according to CoreLogic data.

Eight bidders registered for the auction of the property which was extensively renovated “back to the bones” according to agent Tom Offermann of Tom Offermann Real Estate.

“It’s a one-off apartment but it does set a new benchmark for riverfront properties, it’s the highest apartment sale outside the Hastings Street beachfront precinct,” he said.

BEFORE: How the original kitchen in the property once looked in 2016.

NOW: A cleaner more open plan feel in the kitchen lounge area.

“It’s a well deserved price because the apartment has been renovated back to the bones and exquisitely presented with three levels including a roof terrace.”

“Each of the three bedrooms faces a section of the Noosa River which the transport department describes as Queensland’s busiest stretch of waterway. There’s an actual parade of boats and paddleboards through the day and magnificent sunsets.”

BEFORE: Step-up baths were once all the rage.

NOW: Luxury feel with white marble and glass.

Mr Offermann said the market was looking strong for Spring.

“There’s continued strength in the market when you consider there were seven other bidders for the property there, most of whom would have had something above $5m in their budget who remain on the lookout for a property.”

BEFORE: Coastal touches in the older decor.

NOW: Crisp white, muted greys and spots of green dominate the living room.

Mr Offermann had the three bedroom, three bathroom, single car space Noosa Sound penthouse at 23/8 Quamby Place, Noosa Heads, listed for auction with colleague Eric Seetoo.

Among its charms was a massive kitchen with stone-topped double island benches, marble splashbacks, walk-in pantry, high-end appliances, a custom-built beverage centre, temperature-controlled wine fridge and coffee machine.

A freestanding volcanic stone tub held pride of place in the master bathroom, with the property adorned with plantation shutters and bifolds to fully embrace the tropical feel of the Las Rias Complex that the penthouse crowns.


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