29 Princess Street & 20-28 Linton Street

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29 & 20-28 Princess Street, Kangaroo Point QLD 4169

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$7M - $8M Medium Confidence Calculated based on our search observations.

Land 1842 m²

Listed: 12 hours ago

Overview

Located in the thriving precinct of Kangaroo Point, this expansive 1,842 square meter residential land parcel offers a remarkable development opportunity at the gateway to the Woolloongabba Priority Development Area. With dual frontage to Princess Street and Linton Street, the site presents versatile potential for a variety of residential outcomes including built-to-sell, build-to-rent, hotel, and short-term accommodation developments, supported by a development height allowance up to 15 storeys.

Positioned just 150 meters from the forthcoming Cross River Rail Woolloongabba Station and within close proximity to bus and Brisbane Metro services, the site boasts excellent transport connectivity, enhancing appeal for residents and visitors alike. Its strategic location also allows for potential views towards the Brisbane CBD, being less than 2 kilometers away, with easy access to the city and surrounding amenities.

The vibrant riverside lifestyle of Kangaroo Point is within immediate reach, including dining options along Main Street, outdoor recreational venues like The Cliffs, and the iconic Storey Bridge precinct. This makes the site particularly appealing for developers targeting lifestyle-focused projects that integrate urban convenience with natural and cultural attractions.

The existing improvements on the site provide current holding income, offering potential for staged development or land banking for future growth. The property’s positioning within Precinct 4 of the Woolloongabba PDA aligns it with one of Brisbane’s most substantial infrastructure-led transformation corridors, reinforcing its status as a significant and timely investment prospect.

Local Market Insights

In Brisbane Inner City, Quiet Listings observed 8 new parcels of land entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $2,006,250. The property type mix of listed properties is predominantly Houses at 37%, followed by apartments (35%), and units (14%). The most active agency for land in the Brisbane Inner City area is currently Ray White, representing 25% of new listings, followed by Chrese Morley Real Estate with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.