618-624 Main Street
Kangaroo Point, QLD 4169

Overview

618-624 Main Street, Kangaroo PointSubmit offers over ! QLD 4169

This property represents a rare and valuable opportunity to acquire a prime development site in the prestigious Kangaroo Point area of Brisbane. The site comprises an amalgamation of four allotments, offering a total land area of approximately 1,672 square meters with a combined frontage of 32.2 meters and depths ranging between 47.7 and 55.3 meters. The parcels include 618, 620, 622, and 624 Main Street, as well as a corner block at 56 Bell Street, providing a substantial footprint for development.

Strategically positioned in a high-growth inner-city enclave, this expansive site is ideally suited for investors, developers, land-bankers, or business owners seeking a blue-chip asset with significant potential. The property benefits from a Development Approval (DA) for a mixed-use project comprising 68 residential apartments and four ground-floor retail tenancies. The residential component includes 52 two-bedroom apartments and 16 three-bedroom apartments, complemented by retail spaces ranging from 75 to 82 square meters. Additionally, the development plan accommodates 88 car parking spaces, ensuring ample parking for residents and visitors.

The zoning of the property is MU1 - Mixed Use (Inner City), which supports a striking eight-storey mixed-use development, subject to council approval. The proposed design features seven levels of residential apartments above ground-floor commercial spaces, offering flexibility for various uses including refurbishment, Airbnb conversion, or alternative business applications.

Location highlights include proximity to key amenities and infrastructure: the site is just 500 meters from cafes, restaurants, and bars, 650 meters from the proposed Cross River Rail hub, 800 meters from St Vincent's Hospital, and 900 meters from The Gabba precinct. It is also within 1 kilometer of the Kangaroo Point Cliffs and Mowbray Park Ferry Terminal, 1.3 kilometers from Mater Hospital, and only 3 kilometers from the Brisbane Central Business District (CBD).

With the upcoming 2032 Olympics and ongoing infrastructure development, this site offers a high-profile investment opportunity in a thriving and sought-after locale. Whether the intention is to build for sale, lease, or operation, the flexibility and location of this property make it a standout acquisition in the Brisbane market.

In summary, this commercial development site at 618-624 Main Street and 56 Bell Street, Kangaroo Point, presents an exceptional chance to capitalize on a prime inner-city location with approved plans for a substantial mixed-use project. Interested parties are encouraged to register their interest promptly to avoid missing out on this unique offering.

Prospective buyers are advised to conduct their own investigations to verify the accuracy of the information provided.

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