747 Main StreetKangaroo Point QLD 4169
Property Details for 747 Main St, Kangaroo Point
Last Listing description (December 2023)
*Site investigation report available on request*
ZONING -
These sites are zoned Mixed Use (Inner City) and Character (infill). There are 3 lots of Mixed Use (Inner City) (715, 737 & 747 Main Street) and 2 lots of Character (Infill) (17 Lockerbie Street & 22 Walmsley Street). The combined area of Mixed Use (Inner City) zoning is 2,753m2 and the Character (Infill) zoning has a combined area of 906m2.
Located at the heart of Kangaroo Point; Close to all the major Brisbane attractions; Prime location to catch passing trade; Short walk to restaurant, hospital, Gabba Cricket and AFL Oval. Excellent mix of corporate and leisure trade; 88 units ideal for short or long term, 1 house with pool, office and restaurant.
Total land size 3659m2
-Commercial Restaurant
-Managers office
Income:
88 apartments are currently leased at $720,000 pa fixed until 2022 with onsite manager. Can be increased to $1,218,083 approx net after management fees (Long term rental appraisal on request)
House at $49,400 pa approx
Restaurant at $52,000 pa approx
Total income: $821,400 approx
Potential income: $1,319,283 approx
Information contained on the Website is indicative in nature only should not be relied upon and you should make your own enquiries and seek advice from appropriate experts (including but not limited to Legal, Financial and Planning experts) in respect of any property on the Website or the information about the property contained on the Website. The Seller and agent make no representations that any material used in advertising this property is accurate or complete.
Property History for 747 Main St, Kangaroo Point, QLD 4169
- 08 Dec 2023Listed for Sale Not Disclosed
- 01 Jul 2021Listed for Sale Phone agent for price range
- 26 Aug 2019Listed for Sale $22,000,000
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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 6,991 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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