A Premier Approved Mixed-Use Development Site with an Agreement for Lease to Woolworths
On behalf of Woolworths, Colliers is pleased to present for sale '25-31 Ferry Street & 16-30 Prospect Street, Kangaroo Point’.
Situated at the corner of Ferry, Deakin and Prospect Streets, Kangaroo Point, this prime development site is within close proximity to the Brisbane River, CBD and the Howard Smith Wharves dining precinct.
The offering comprises a vacant site that has development approval for a mixed-use scheme comprising a ground floor Woolworths, BWS and Cafe (GLAR of 2,579m² ^) and a 15-storey residential apartment tower above, with 130 luxury apartments and a rooftop communal area with panoramic CBD and River views. The entire retail strata has an Agreement for Lease to Woolworths with an initial lease term of 10 years and 10 x 5 year options.
Property features include:
- 3,069m² land area^ within the affluent riverside suburb of Kangaroo Point
- Development Approval with a ground floor retail strata total GLAR of 2,579m²^ and 130 luxury apartments
- Agreement for Lease to Woolworths with an initial term of 10 years and 10 x 5 year options
- Three street frontages
- High Density Residential (HDR2) zoning
- Expansive Brisbane CBD and River views
- Close proximity to the Kangaroo Point 'Green Bridge' which opens in 2024
For sale via Expressions of Interest closing Wednesday 21 November 2023 at 3:00pm (AEST).
For more information contact Colliers exclusive agents.
^ approximately
~ outlines indicative only
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