NEW DEVELOPMENTS, INDUSTRY TRENDS
Premium Kangaroo Point Site For Sale with Luxury Development Approval
Posted by Development Ready on May 22, 2019

Marketed by the Ray White New Farm team of Damon Lewis and Matt Lancashire, a premium development site in Brisbane’s most coveted inner-city precinct has recently been made available for sale. Tailored to capture a highly selective demographic, this new, unique opportunity encompasses all that is required to entice Australia’s elite.

128 River Terrace in Kangaroo Point offers approval for a residential development atop the spectacular Kangaroo Point clifftops, the last opportunity of its kind. The permits allow for the construction of 10 luxurious boutique apartments spread across six levels (including rooftop).

Ray White have been exclusively appointed to bring this remarkable proposition to the market and will be receiving expressions of interest until 5pm 13 June 2019 – unless an appropriate offer is accepted sooner; enquire today to ensure you don’t miss out.

“A stunning and rare opportunity within a tightly held, yet peaceful, pocket of Kangaroo Point,” selling agent Damon Lewis noted.

“The approved designs have been meticulously crafted by Wallace Brice Architecture, exclusively for the owner-occupier, and will offer some of the most spectacular city, river and mountain panoramic views available in the city.”

Kangaroo Point provides residents with an urban lifestyle amongst a gorgeous setting. An abundance of amenity surrounds the area, so much so that everything a resident could desire is within accessible reach.

Ray White Agent Matt Lancashire recognises that while this site is perfectly suited to a luxury residential development, there still exists flexibility to pursue alternate schemes if the potential purchaser desires.

“The site is malleable, owners could choose to submit an amended DA for an ultra-luxury complex incorporating five, one-floor penthouse-style apartments with a rooftop,” Mr Lancashire said.

“There’s even scope to turn the site into the ultimate multi-level family home.”
 

Summary:

  • 582sqm – Corner site
  • DA Approved for 10 luxurious boutique apartments over 6 levels (including rooftop)
  • Designed by Wallace Brice Architecture exclusively for owner occupiers
  • BA documentation provided (80% complete)
  • Potential to amend DA for an ultra-luxury ‘one-per-storey’ apartment complex, or the ultimate family home
  • The most spectacular city, river and mountain panoramic views available in the city
  • Capitalise on the proven and ongoing strength of Brisbane's high end owner-occupier boutique apartment market

 *Please note that all financials, measurements and distances quoted are approximate only.

128 River Terrace in Kangaroo Point is For Sale via an Expressions of Interest campaign closing 5pm Thursday 13 June 2019 – unless sold prior.

For further information, please contact Ray White:

Damon Lewis: +61 407 112 442
Matt Lancashire: +61 416 476 480



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