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SOLD

649 Main Street, Kangaroo Point, QLD, 4169

Properties / Sold / Queensland / Kangaroo Point

Development Potential

1. Property Summary

Property Type

Mixed Use

Land Area

2,159 m² (*approx)

Zoning

Mixed Use

Local Government

Brisbane

Selling Method

All Offers to be Presented: Closing this Friday

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2. Property Highlights

Development Site With Holding Income

* This entire 2,159 m2 site is being offered for sale.
* There are 22 existing lots
* Holding income from the current 19 studio apartment + 2 bedroom apartment + caretakers Office (Approximately $350,000.00 PA GROSS)
* Code assessable for 8 storeys mixed use development STCA (MU1)

*This site is located amongst numerous major infrastructure programmes including Cross River Rail, Woolloongabba Station (350metres South), the Gabba Stadium upgrade for the Brisbane Olympics (400m South), Kangraoo Point Green Bridge (800 metres North), and Raymond Park upgrades (50 metres South East).

* Email Ben Armstrong for further information on barmstrong@ljhbrisbane.com.au

PRICE: Offers To Purchase, Closing This Friday

LAND AREA: 2,159 m²

Location:
Kangaroo Point is located roughly 1km from the CBD and is within minutes to Ipswich & Lytton Roads, the South East Freeway and the Story Bridge. The area is well known for its riverside apartments, the Story Bridge Hotel and Shafston College. The continuing residential and commercial construction combined with the close proximity to the city will ensure the continual growth of Kangaroo Point.

Remember to mention you found this property on DevelopmentReady

Development Potential