507/16 Masters Street
Newstead, QLD 4006

Overview

City Views in the Heart of Newstead

Set against the breathtaking backdrop of the Brisbane City skyline, this modern apartment within the 'Lumira' complex presents an exceptional lifestyle opportunity in the vibrant heart of Newstead. Ideally located just a short walk from Gasworks Plaza, James Street, and the scenic riverfront, residents enjoy unparalleled access to the area's premier amenities.

The apartment features an open-plan design that seamlessly integrates the living, dining, and kitchen areas, all bathed in natural light. These spaces extend effortlessly onto a private corner balcony, which is thoughtfully equipped with adjustable shutters to provide privacy and protection from the elements, effectively expanding the living area outdoors.

Privacy is a key consideration in the layout, with the two bedrooms positioned at opposite ends of the apartment. The primary bedroom boasts a private ensuite and direct access to the alfresco balcony, creating a tranquil retreat. The second bedroom is conveniently serviced by the main central bathroom. Residents also benefit from exclusive access to the 'Lumira' rooftop terrace, offering panoramic city views and BBQ facilities, perfect for entertaining or relaxing.

Available with vacant possession, this property is ready for immediate occupation by owner-occupiers or offers flexible investment potential. It has a strong rental history and a current rental appraisal of $850 per week, making it an attractive option for those seeking to capitalize on Newstead's high demand.

Key features include:

• Two bedrooms with built-in wardrobes
• Primary suite with private ensuite and balcony access
• Contemporary kitchen equipped with a gas cooktop and stone benchtop
• Corner balcony featuring privacy shutters and city views
• Zoned ducted air-conditioning and ceiling fans throughout
• Separate laundry area
• Allocated secure basement car space
• Building intercom and lift access for convenience and security
• Close proximity to Gasworks Plaza, James Street, riverfront, and ferry terminal
• Easy access to CityGlider bus and other public transport options
• Within the catchment areas for New Farm State School and Fortitude Valley State Secondary College
• Brisbane City Council rates approximately $550.80 per quarter
• Body Corporate Sinking Fund balance as of 26/02/2026 stands at $590,111.93
• Body Corporate contributions from 01/05/2026 to 31/07/2026 include an Administrative Fund of approximately $1,039.63 (or $831.70 if discount applied) and a Sinking Fund of approximately $471.11 (or $376.89 if discount applied)
• Insurance levy for the period 01/08/2025 to 31/01/2026 (6 months) is approximately $309.54

This apartment offers a unique blend of modern living, privacy, and convenience in one of Brisbane's most sought-after locations, making it an excellent choice for both homeowners and investors.

Location