A penthouse in one of Brisbane’s most controversial buildings has hit the market for the first time since it sold off-the-plan for a record price eight years ago.
But the owner, retired opthamologist Dr Peter Stewart, has barely set foot in the property given residents only started moving in to the long-delayed, $400m apartment tower, 443 Queen Street, a year ago.
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The north-east facing apartment is one of only two on level 47 and boasts 400 sqm of living space, four bedrooms, a library, a study, and views from every room — even the toilets.
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The penthouse in 443 Queen Street, Brisbane City, is for sale.
Towering above an iconic stretch of the Brisbane River, the views extend from the Botanic Gardens, across the Story Bridge, and beyond to Moreton Bay and the Glasshouse Mountains.
Mr Stewart paid $8m for the property in 2014, which was a record for the most expensive apartment sold off-the-plan in the city, but technical problems, Covid-19 restrictions, and scheduling setbacks plagued the development until the collapse of its builder, Probuild Group, in 2022.
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Hutchinson Builders took over the final stages of construction, delivering the project in 2023.
Mr Stewart said he was confident in his purchase at the time, despite the problems that followed.
The views from the penthouse at 443 Queen Street, Brisbane City.
Inside the penthouse at 443 Queen St, Brisbane CBD, which has hit the market. Image supplied.
“I didn’t lose any sleep about the builders going broke because I knew Cbus had this as their flagship Queensland first development and they wouldn’t let it go, wouldn’t let it fall down,” he said.
Mr Stewart has only recently retired, and now plans to spend more of this time in Portugal, where he owns a vineyard.
“I patiently waited. I wanted this place as my home, and unfortunately, due to domestic arrangements, I fled to Portugal, and that’s what’s won my heart.”
The penthouse towers above Brisbane, with views all the way to Moreton Bay and the Glasshouse Mountains. Image supplied.
Marketing agent Brett Greensill of McGrath New Farm said it was one of the most “unique” properties he had ever listed.
“We will introduce as many buyers as we can to create that buzz as I’m sure the building deserves,” Mr Greensill said.
“It’ll be an international search and a national search, and we’ll certainly be supported by the McGrath network in that, especially into the UK, but it could well be a local.”
The kitchen in the penthouse at 443 Queen St, Brisbane CBD. Image supplied.
Even the bathrooms and toilets have city views. Image supplied.
Mr Greensill said the penthouse was in “an immensely perfect location” given it was within walking distance of Queens Wharf, Howard Smith Wharves, and the soon to be redeveloped Eagle Street Pier.
Designed by Singaporean architecture firm, WOHA, to suit Brisbane’s subtropical climate, 443 Queen Street is a building that ‘breathes’ thanks to natural light, ventilation, and sky gardens on every level.
Along with luxurious finishes such as stone benchtops, timber floors, Miele appliances, and floor-to-ceiling glass, the penthouse also offers a four-car garage and access to a residents-only recreation deck, boasting a 25m infinity-edge pool, a private dining room, outdoor lounge cabanas, a gym, and a yoga deck.
This penthouse at 443 Queen St, Brisbane CBD, has hit the market. Image supplied.
The 25m infinity-edge pool overlooking the Story Bridge at 443 Queen St, Brisbane CBD. Image supplied.
The property is being advertised for sale without a price guide, but comparable penthouses have attracted internal rates of between $30,000 and $40,000 a square metre.
“It’s hard to put a price on it because of its uniqueness,” Mr Stewart said.
“You can be in this place in the most unique site in Brisbane for whatever — it’s just going to be a competition, I sincerely hope.”
