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44 O'connell Street, Kangaroo Point, QLD, 4169
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Property Highlights

Opportunity to secure one of Brisbane’s best, riverfront residential development sites

Simon Caulfield & Place Kangaroo Point are proud to present this remarkable, residential development site to the market for the first time. A project that is iconic, creating a legacy for high end luxury real estate in Brisbane.

The Development Approval (valid until 2028) represents a luxury building of 15 stories with 14 full floor residences including a grand penthouse with private rooftop.

Situated in one of Brisbane's most sought after suburbs where absolute riverfront sites are few and far between, 44 O'Connell Street, Kangaroo Point is sure to impress.

The 1,197m2 absolute riverfront site affords expansive proportions with a 49m frontage to the North, 20m frontage to the East and private 3.7m driveway leaving the world behind you.

Elevated 15m above the Brisbane River and non affected by the 1974, 2011 and 2022 floods, your investment in the future development of this site is underpinned.

Site Details

- A remarkable, absolute riverfront development site situated on 1197m²
- Development approval until 2028 allowing for immediate commencement
- Rising 15 Stories above the Brisbane river
- 14 Full floor luxury residences including Penthouse with private rooftop
- 42 Car parks (39 Residents + 3 Visitors + Storage)
- Total site cover of 472m2 (39.4%) with typical floor site cover of 356m2 from level 1 - 15, roof terrace site cover of 347m2 and basement site of 256m2
- Never to be built out views with a perfect North East facing aspect.

The site is set to benefit from a range of significant infrastructure projects that the State Government has recently announced and approved. With the Kangaroo Point Green Bridge, Cross River Rail, upgrades to The Gabba for 2032 Olympic Games along with upgrades to the Mowbray Park ferry terminal, riverwalk extension from Mowbray Park and the introduction of Woolworths into Dockside, timing couldn't be better.

Kangaroo Point is situated within 1/2km of the Brisbane CBD connected to the north by the famous Story Bridge. The Clem 7 tunnel enables easy passage north and south with the glitter strip of the GOLD COAST only 45 mins away. Any future riverfront development within the suburb are restricted with limitation on height, setbacks and site coverage making this site so valuable.

The luxury, residential property market has seen significant growth in the past 24 months. Brisbane's owner occupier market has tripled in size with demand outpacing supply for quality, full floor riverfront residences.

The current site occupies a 4 story multi unit dwelling with 13 units in total.

Brisbane's prestige market has reflected some significant luxury project sales in the past 12 months with $290,000,000 in Off The Plan sales achieved in the high end.

A 100% interest in 44 O'Connell Street, Kangaroo Point is offered for sale via a formal Expressions of Interest campaign closing Monday 16th May 2022 at 4pm (unless SOLD prior). With strong interest expected, we would like to ensure all genuine parties have an equal chance to secure the property. Your timely action will be welcomed.

Contact the agent for the Information Memorandum if you wish to know more about this opportunity.

Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Remember to mention you found this property on DevelopmentReady.com.au

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