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Silk One is a truly unique offering (a term we do not use lightly) in the Australian apartment market because it gives residents something you can’t get anywhere else in the country: box seat views of The Gabba, without being inside the iconic stadium. The first of three towers, Silk One is arriving in Woolloongabba at a time which will allow residents to take advantage of the many urban infrastructure upgrades the area is experiencing. The second tower, Silk Two, is due to start selling soon and Silk Three is still gaining DA approval.

Given that Woolloongabba is set to experience extensive growth and transformation over the coming years (with the Cross River Rail, the CBD Bikeway, and the recently-announced Gabba stadium upgrade), buying now may perhaps be the ideal plan of action if moving into the area is your goal. The urban renewal of the area is definitely something that should interest investors.

  • 169 apartments over 22 levels with prices starting from $378,000.
  • Located at 825 Stanley Street, Woolloongabba
  • One-of-a-kind property in a fast-growing suburb close to the city.

Display Suite

The display suite for Silk One is located at 14 Trafalgar Street, Woolloongabba, just down the road from the development site. It is open Tuesday to Sunday, or by appointment.

Display suite hours

  • Tuesday — Saturday, 11 AM to 2 PM
  • Sunday, 10 AM to 12 PM

Construction Updates

At the time of writing the site has been cleared and construction preparations are underway, with construction planned to commence at the end of the year. Please check back soon for more updates!

The Project

Silk One is a new apartment development overlooking the iconic Gabba stadium in Woolloongabba, providing residents with a birds-eye view of the stadium field — the best seats out of the house, so to speak! Inspired by the apartment buildings surrounding Wrigley Field — the home of baseball team Chicago Clubs — Silk One is one-of-a-kind in Brisbane and even Australia.

Silk One offers a mix of one, two and three-bedroom apartments, with a number of varying floor plans. The 169 apartments are split over 22 levels, with 41 one-bedroom apartments priced from $378,000, 45 two-bedroom and one bathroom apartments priced from $475,000 and the 72 two-bedroom, two bathroom apartments priced from $540,000. The 11 three-bedroom, two bathroom apartments start from $795,000.

A major draw for the project is the growing idea of Destination Woolloongabba. With all of the updated infrastructure and new stores, restaurants and cafes going through the whole suburb, Silk One is in a position that allows residents to access — and benefit from — all of this. This includes new bikeways, and an update to the ever-popular Gabba stadium.

Destination Woolloongabba: check out our Woolloongabba suburb profile to find out why this is the place to be

Location

Located at 825 Stanely Street, Silk One is in the heart of Woolloongabba. Obviously, the stand-out feature of Silk One is its proximity to The Gabba. Sitting just across the road from the stadium, Silk One will have all the benefits of being in such a central area. Great public transport, limited neighbours during most days, funky bars and restaurants are some of the great features, with the draw backs being busy game days (if that is not your thing) and limited street parking on those days.

Stanley Street is a busy street during peak hour so expect it to carry traffic during these times. One of the major benefits of living off of a road like Stanley Street is the ability to get anywhere pretty quickly. The M3/Pacific Motorway is only five minutes away, and there are a multitude of shops, restaurants and parks within a ten-minute drive.

Silk One is also located extremely close to a number of public transport options. There are three bus stops within a two-minute walk, and another nine if you’re willing to walk equal to or less than seven minutes. It’s also 350 metres from the Cross River Rail underground station in Woolloongabba (which is now under construction, with completion expected in 2024). The new CBD bikeway is 300 metres away as well. Expect the area to become even better connected over the coming years — quite a lot of money has been proposed for the redevelopment of the area. This is perhaps the standout feature of Wooloongabba. It will become perhaps the best connected suburb in Brisbane when the numerous infrastructure projects are complete.

New renders of the Woolloongabba Cross River Rail station design
New renders of the Woolloongabba Cross River Rail station design

There are a number of schools located close to Silk One, making the development ideal for those who have, or plan to have, a family. For primary school-aged children, there is East Brisbane State School (200 metres away), St Joseph’s Primary School, and St Ita’s Primary School. Children moving into secondary school can choose between Coorparoo Secondary College (which includes the Coorparoo Centre for Continuing Education), St Laurence’s College, and Villanova College, all of which are within a ten-minute drive. If you’d prefer to keep your child in the same school from Prep to Year 12, Sommerville House and Anglican Church Grammar School (known more commonly as Churchie) are less than two kilometres away.

Communal Facilities

‘The SkyStand’ is the facility in Silk One everyone is talking about. Located on the roof of the building, the ‘The SkyStand’ allows residents to look directly into The Gabba — so you can watch every AFL game, test cricket match, and concert, live! The area also includes dining and BBQ areas, a big screen television (so you can watch that game in high definition and from up high).

Silk One Box Seats (render provided by CBRE)
Silk One, Woolloongabba
Silk One Pool (render provided by CBRE)
Silk One Pool (render provided by CBRE)
Silk One Residents Facilities
Silk One Residents Facilities (render provided by CBRE)
Silk One Rooftop Plan With Labels (render provided by CBRE)
Silk One Rooftop Plan With Labels (render provided by CBRE)
Silk One Box Seats (render provided by CBRE)
Silk One Pool (render provided by CBRE)
Silk One Residents Facilities
Silk One Rooftop Plan With Labels (render provided by CBRE)

Silk One also includes a gym, which looks into the resort-style pool and spa. The area has CBD views, so you can admire the cityscape while working out or getting that tan for summer. There is also a BBQ on the roof, along with a projector screen, and quite a few trees and green areas.

There will be stores and resturants on the ground floor, although the specifics of these tenants have yet to be confirmed.

CBR1722_Silk_S020_EXT_Retail_Final 2000 (1)
There will be stores on the ground floor (render provided by CBRE)

Apartment Details

As mentioned, there are one, two and three-bedroom apartments at Silk One. All of the apartments are open-plan, with a focus on entertaining. Despite this, as you’ll notice on the floor plans, all the apartments have great air flow through the main areas, which highlights how functional the designs are. All of the master bedrooms have ensuite bathrooms, which is always great, and some have walk-in wardrobes as well.

There are two colour schemes available for all of the apartments: Dusk (which is the dark colour scheme) and Dawn (the light colour scheme). Both of these have been created to be fairly neutral, so residents can show their individual style in their apartments.

Quality & Finishes

Another excellent aspect of the apartments that is worth noting is that above (and including) level eight, every north-facing apartment has had specific alterations to maximise its city views.

Silk One Living Room (render provided by CBRE)
Silk One Living Room (render provided by CBRE)

Buyers of Silk One apartments can choose between one of two colour schemes. The first is a dark colour scheme, Dusk, based on the New York warehouse loft aesthetic. It includes dark stone bench tops, darker cabinetry and timber-look floors. The second colour scheme, Dawn, is much brighter. It is more reminiscent of the Hamptons, as it is dominated by ivories, greys and neutral colours, which work really well with the paler timber-look flooring.

The bathrooms continue both the colour scheme chosen and the level of finishes. This means that small details, like timber-look shelving, and brass/stainless steel accents are carried through from the main areas of the apartments. All appliances are ILVE.

Buyers can choose to upgrade to timber-only flooring,. Carpet comes as standard.

Floor Plans

One-bedroom apartments range between 50 and 55 sqm internally, with 9 sqm balconies. Ranging between 64—85 sqm, two-bedroom apartments also have between 9 and 67 sqm in external space. Three-bedroom apartments start from 109 sqm and go up to 135 sqm, with between 22 and 91 sqm in external areas.

Silk One Floor Plans Type B (supplied by developer)
Silk One Floor Plans Type B (supplied by developer)
Silk One Floor Plans Type A1 (supplied by developer)
Silk One Floor Plans Type A1 (supplied by developer)
Silk One Floor Plans Type B (supplied by developer)
Silk One Floor Plans Type A1 (supplied by developer)

There are a number of floor plan options available. There are some features that are similar across all the floor plans, however. For example, all of the apartments have well-thought-out bathrooms, designed for functionality first and foremost. All of the floorplans are generally well laid out. We particularly like that most have an entrance door that doesn’t immediately open into the kitchen space, enabling guests at the door to immediately view the ‘potential’ mess on the kitchen bench, and provides an additional level of privacy.

The one-bedroom apartments are all very well laid out. They have separate laundry cupboards, which is a major plus in apartments, especially one-bedroom apartments. All of the apartments have a larger balcony, which is about 9 sqm (depending on whether the apartment has a landscaped/planting area).

A major highlight in the two-bedroom apartments, regardless of how many bathrooms they have, is the inclusion of extra cupboards (labelled ‘L’ for linen cupboard on the floor plans above). Having extra storage space is never a bad thing. Another aspect of the floor plans worth noting is that some of the two-bedroom apartments also include a little study nook, which is generally connected to one of the bedrooms. It’s also worth noting that Silk One includes two-bedroom, one bathroom apartments. This is quite the rarity in projects in Brisbane and is an interesting adaptation. It could appeal to investors with the rental different to the two-bed, two-bath worth a serious look at.

The three-bedroom apartments are, of course, the largest apartments in the whole complex. Both designs are slightly different, however, there are some key commonalities between the two of them. The master bedroom is at one end of the apartment, whilst the other two bedrooms are located at the other end. This is ideal if you’ve got children, as it creates a distinct ‘children’s area’, away from where you would be sleeping. Both three-bedroom apartments also have two lounge room areas, one of which could easily be turned into a separate study.

If you would like to view the floor plans, please enquire below.

Investment Analysis

Silk One is perhaps the ideal investment property in many ways — it’s close to a major Brisbane attraction, is ideally positioned for foot and car traffic, and it also sits in an area that will experience a major facelift over the coming years.

Most apartments rent for approximately $430 per week in Woolloongabba. Of course, this varies a little, depending on how many bedrooms are in the apartment, and the exact location. Silk One estimates that investors can expect an average gross rental yield of 5%.

Body Corporate

The body corporate fees differ slightly, depending on what type of apartment you choose. One-bedroom apartments have body corporate fees between $62 – 73 per week. Two bedroom, one bathroom apartments pay $67 – 81 per week, whilst two bedroom, two bathroom apartments will pay slightly more at $70 – 81 per week. The three-bedroom apartments will pay approximately $90 per week.

The Developer

Silk One Woolloongabba is a joint venture between Southlake Group and Sarazin, two Sydney-based property developers.

Southlake Group started investing in real estate projects in 2010. They are involved in everything from apartments and residential communities to property investment, leasing and sales. With the help of international investors, Southlake is committed to developing landmark projects in key locations across Australia.

Sarazin is a national property development business with projects in Brisbane, Canberra and Sydney. With projects ranging in size from $10 – 500 million, and over 50 years of combined experience, Sarazin’s principals have developed some of Australia’s highest quality developments. Sarazin prides itself on delivering exceptional results, relying on integrity and trust when partnering with its stakeholders.

Written: 5 September 2018, Updated: 30 September 2019

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Kirsten Frager
Guest
Kirsten Frager

What are your thoughts from an investment perspective of Woolloongabba vs Hamilton Reach?

Cameron Black
Admin
Cameron Black

Hi Kirsten – good question. Both a pretty hot locations in Brisbane at the moment. Certainly Hamilton Reach is more mature and progressed as a place to live. Woolloongabba is still what we refer to as an emerging inner city suburb. As a master planned project Hamilton Reach certainly has its advantages, and Frasers are doing a great job in delivering a quality neighbourhood there. It is already a beautiful place to live and will only get better. Woolloongabba on the other hand still has a long way to go to finish its growth into a fully fledged inner city… Read more »

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