Penthouse as big as average house block sells for $4m

The view from 192/501 Queen Street, Brisbane City.

A massive penthouse that’s almost as big as the average Aussie house block has sold for $4m in the CBD, jumping $600,000 in price since its last sale.

The four bedroom penthouse at the top of one of Brisbane’s most lush addresses – Admiralty Towers 2 – spans 410sq m which is about 46sq m shy of the average Australian house block size according to Australian Bureau of Statistics figures.

The apartment at 192/501 Queen Street, Brisbane City, was sold on Thursday August 11 by Place Ascot agents Drew Davies and Olivia Charlton.

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The penthouse has a large alfresco veranda that comes off an open plan living zone.

The entire apartment is 410sq m.

There are four bedrooms including a large master suite.

Admiralty Towers 2 has exclusive resident only spaces including a rooftop pool, spa, sauna and gymnasium, two entertaining decks and resident’s lounge on the first floor.

The property last went to market in 2015 when it fetched $3.4m, but first sold for $1.4m in April 1994, according to

The open plan view from the bar area.

One of the four bedrooms has been used as a home office.

Panoramic views from every bedroom.

“We had a lot of interest from local buyers,” Mr Davies said. “We had multiple interested parties from people who live in the building. Those two penthouses are tightly held.”

He said the vast majority of interested buyers were people who already lived in the CBD or inner suburbs, spanning both families and professionals.

Looking towards Kangaroo Point and the Story Bridge from the penthouse.

Admiralty Towers was built in the late 90s.

The rooftop pool.

“I’ve been selling apartments in the CBD since 2014 and it has been very quiet (through Covid) but we are definitely seeing a resurgence in enquiries in the inner city. International and interstate buyers are definitely interested in the newer product.”

The Admiralty Towers 2 penthouse has three bathrooms and a triple car park allotment with two storage rooms, as well as unobstructed panoramic views across the Brisbane River, Story Bridge and the city.


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