Princess StreetKangaroo Point QLD 4169
Property Details for 1-4/106 Princess St, Kangaroo Point
1-4/106 Princess St, Kangaroo Point is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 645m2.
Last Listing description (August 2024)
This block of four units is a property that seldom comes to market and must be sold at auction.
This exceptional investment opportunity offers a versatile range of options, including the potential to continue renting out the units for a solid return, undertake a renovation project to enhance their appeal, or explore the possibility of a redevelopment to maximize the property's potential.
With a current annual return of approximately $105,000, this property represents a lucrative investment with immediate income-generating potential. The flexible nature of the property allows for various avenues to be explored, catering to a range of buyer preferences and investment strategies.
Each unit within this block offers comfortable living spaces, well-appointed kitchens, and ample storage. The bedrooms are generously sized, providing a peaceful retreat for residents.
Unit 1 - 2 Bed 1 Bath 1 Car
Unit 2 - 2 Bed 1 Bath 1 Car
Unit 3 - 2 Bed 1 Bath 1 Car
Unit 4 - 2 Bed 1 Bath 1 Car
Whether you're looking to add to your portfolio, embark on a development project, or simply capitalise on the prime location, this block of units offers endless possibilities for astute investors.
Situated just a few hundred meters from the iconic Gabba Stadium, this property enjoys a prime location that is sure to appeal to sports enthusiasts and investors alike. The proximity to this renowned sporting venue adds to the allure of the property and presents additional opportunities for rental income or capital growth.
In-Room Auction
Location: Ray White West End (5/156 Boundary Street, West End)
Thursday 15th August 2024 at 11am
Disclaimer
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes. Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.
Property History for 1-4/106 Princess St, Kangaroo Point, QLD 4169
- 18 Jul 2024Listed for Sale Not Disclosed
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0About Kangaroo Point 4169
The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Kangaroo Point in 2011 was 6,999 people. By 2016 the population was 8,050 showing a population growth of 15.0% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation. In 2011, 37.5% of the homes in Kangaroo Point were owner-occupied compared with 36.9% in 2016.
Kangaroo Point has 7,060 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 63.72% increase in median value, while Units have seen a 65.52% increase. As at 31 July 2024:
- The median value for Houses in Kangaroo Point is $1,519,449 while the median value for Units is $794,548.
- Houses have a median rent of $740 while Units have a median rent of $650.
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