21-25 Duke Street, Kangaroo Point, QLD
This high-density development opportunity, in Brisbane’s premier suburb of Kangaroo Point, has captured the attention of astute developers and investors alike.
With a generous corner allotment encompassing 1,418sqm of land, and a height allowance of up to eight-storeys, the potential for reward and returns is significant and waiting to be realised.
Gregory Woods and Daniel Pepper of Savills Brisbane are proud to present the market with 21-25 Duke Street, Kangaroo Point. Potential purchasers are urged to enquire today and submit offers before 4pm Wednesday 21 November 2018.
A Perfectly Positioned Project
This high-profile site comprises two adjoining lots on the north-west facing corner of Duke and Linton Streets. With substantial street exposure and the opportunity to develop up to eight-storeys, a high-density residential project has the potential to generate significant development returns due to its highly sought after address.
Residents will enjoy the ease of wandering down to the Brisbane River, where the picturesque Kangaroo Point Cliffs Park offers some of the best views in the city. Brisbane’s CBD is under two-kilometres away and with direct access to the M3 Pacific Motorway, residents can come and go and they please.
Investors and developers should also note that this offering comes centrally located within a government infrastructure focused plan. An estimated $5.4 billion will be poured into Major Urban renewal projects including the Cross River Rail and The Gabba precinct rejuvenation, which will benefit this site well into the future.
Savills selling agents are currently receiving offers; those looking to capitalise on Brisbane’s projected growth should not hesitate in enquiring to receive further details on this outstanding development listing.
Duke Street, Kangaroo Point, Summary
- Land Area: 1,418sqm with two street frontages.
- Develop into a higher density use of up to 8 storeys (STCA).
- Centrally located to an estimated $5.4 billion in Major Urban renewal projects including the Cross River Rail and The Gabba precinct rejuvenation.
- Picturesque location centrally located in one of Brisbane’s premier suburbs.
- Strong population growth forecast of 5.1% to 2036.
- Receiving Offers to Purchase until 4pm Wednesday 21 November 2018.
*Please note that all financials, measurements or distances quoted above are approximate only.
For further information please contact the Savills Brisbane team and mention Development Ready in your interactions.
Savills - Brisbane
Gregory Woods – 0409 305 224
Daniel Pepper – 0413 336 377
To view more details on the listing click here.