Best and last remaining riverfront-facing residential property launched to market

WORDS: Ocean Road Magazine Editorial Staff PHOTOGRAPHY Supplied

Queensland developer Azure is releasing the final residence in its highly demanded One Five Six development in New Farm.

Located at 156 Oxlade Drive, New Farm, One Five Six in the heart of New Farm is one of the best and last remaining riverfront-facing residential properties.

Featuring a 34-metre frontage featuring spectacular views of the majestic Brisbane River, this residential opportunity encapsulates a distinguished and exclusive lifestyle.

The sub penthouse residence on level 5 has a luxurious 226sqm of internal living space, comprising of 3-bedroom, 3-bathroom, a 3-car garage, complete with an expansive 35sqm river facing terrace.

Residence 5.02 is positioned on the north-eastern side of the building taking full advantage of the 11-metre frontage affording elevated, uninterrupted views of the Brisbane River and Oxlade Park.

Nestled in one of Brisbane’s best riverside streets, One Six Five is situated only a short stroll from the leafy green parks, vibrant cafes and cultural scene of New Farm, and has access to the Sydney St City Cat terminal alongside effortless access to Brisbane’s stunning riverfront walkways.

“Apartment 5.02 is pretty well irreplaceable. In a building without compromise and in the best street in New Farm, someone will be very lucky to secure it,” said Trent Keirnan, Director of Azure.

Azure has enlisted the expertise of one of Queensland’s top agents, Simon Caulfield to sell this final apartment.

“When you consider the location, uninterrupted views, practical floorplan and quality finishes throughout, the sub penthouse residence has no compromise. In the current market, residential opportunity of this calibre is incredibly scarce. Most importantly, construction is nearing completion where buyers have the benefit of occupying in the later half of this year,” said Mr Caulfield.

As the market demands more, buyers appreciate the timeless architecture, wellness amenities of a 6-star standard whilst maintaining a boutique, private and secure environment.

Brisbane remains a standout performer at the prestige end of the market, where it maintains positive growth rates consistently observed month on month. 

“While Brisbane continues to grapple with limited inventory, particularly in premium locations, there’s a noticeable influx of buyers, especially in the upper echelons of the market. This demand underscores Brisbane’s status as an attractive investment destination, offering a compelling mix of lifestyle amenities, urban sophistication, and comparatively more affordable prices compared to Sydney and Melbourne.”

Affluent buyers are typically looking to transition to a more streamlined lifestyle without sacrificing on quality or comfort, looking to purchase more than just a place to live. 

“Understanding and catering to buyers’ preferences in the high-end property market is crucial for developers and agents operating in the prestige property space, One Five Six perfectly exemplifies the desire to purchase a lifestyle statement that encapsulates luxury, security and convenience.”

One Five Six offers a collection of a total of ten residences comprising of a penthouse, garden penthouse and eight apartments, complemented by luxurious amenities that promote rest and recovery from a busy city lifestyle.

The penthouse comprising of 4-bedrooms, 5-bathrooms, 7-car garage, 1500 bottle cellar, complete with a 200sqm rooftop terrace and heated lap pool sold for a Brisbane record of $11.3 million in 2022.

Azure is a privately owned real estate development and investment company that has delivered more than 1,400 terraces, units and residential lots since it was founded in 2014.

The company’s active portfolio of seven developments is valued at more than $500 million including One Earle Lane, Oakmont and Dahlia and it hosts a future pipeline in excess of $1.3 Billion.

With timeless architectural and interior design by the internationally renowned, Paul Conrad Architects, One Five Six is set to be completed by the end of 2024.