12/446 Main StreetKangaroo Point QLD 4169
Property Details for 12/446 Main St, Kangaroo Point
12/446 Main St, Kangaroo Point is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Apartment sold in Kangaroo Point in the last 12 months.
Last Listing description (September 2024)
Prime Kangaroo Point Unit Complex - Exceptional Development Opportunity
Presenting a unique investment opportunity in the heart of Kangaroo Point, this well-maintained unit complex offers significant potential for developers and investors. Located in one of Brisbane's most sought-after neighborhoods, this property presents an ideal canvas for a transformative redevelopment project.
Property Highlights:
Address: 12/446 Main Street, Kangaroo Point
Land Size: 2009 square meters
Current Zoning: RESIDENTIAL B R5
Units: 22
Current Use: Residential Apartments
Key Features:
1. Prime Location: Nestled in the vibrant Kangaroo Point area, this complex benefits from close proximity to the Brisbane CBD, renowned dining, and shopping precincts. The location boasts easy access to major transport routes and public transport, making it a highly desirable address for future residents.
2. Development Potential: Zoned for [Insert Zoning Details], this property is ripe for redevelopment. The site's substantial land area and favorable zoning allow for a variety of potential uses, from high-density residential projects to mixed-use developments.
3. Solid Investment: The existing unit complex is fully operational and provides a steady rental income. This allows for a stable investment while plans for redevelopment are being finalized.
4. Surrounding Amenities: Enjoy proximity to the beautiful Kangaroo Point Cliffs, Story Bridge, and the vibrant riverfront. The area is well-serviced by local amenities including schools, parks, and recreational facilities.
5. Future Growth: Kangaroo Point continues to be one of Brisbane's most rapidly evolving areas, with ongoing infrastructure developments and urban renewal projects enhancing the area's appeal and value.
Additional Information:
- Building Condition: Well-maintained with modern fixtures and fittings.
- Tenant Information: Current rental income details available upon request.
- Development Opportunities: Preliminary discussions with local planning authorities suggest favorable conditions for new projects.
This property represents a rare chance to acquire a substantial unit complex in a premier Brisbane location, with excellent prospects for growth and development. Local developers are encouraged to explore the potential of this prime Kangaroo Point site.
For more information or to arrange a viewing, please contact Alex Denmeade at 0412 312 900 or alex.denmeade@coronis.com.au. Don't miss out on this exceptional opportunity to shape the future of Kangaroo Point!
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
Property History for 12/446 Main St, Kangaroo Point, QLD 4169
- 09 Sep 2024Sold for $600,000
- 19 May 2024Listed for Rent $470 / week
- 07 Jul 2021Listed for Rent $310 / week
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About 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 6,992 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 51.36% increase in median value, while Units have seen a 70.85% increase. As at 31 October 2024:
- The median value for Houses in Kangaroo Point is $1,639,896 while the median value for Units is $814,451.
- Houses have a median rent of $700 while Units have a median rent of $670.
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