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Description: - Prime 1,824 sqm* combined total landholding set across three adjoining 608 sqm blocks in Kangaroo Point.
- Generous 34.5-metre cumulative frontage (11.5m each lot).
- Favorable MU1 Mixed Use (Inner City) zoning.
- Zero heritage overlays and completely flood-free.
- Outstanding height potential of up to 8 levels (STCA) ideal for luxury residential apartments, townhouses, or landmark mixed-use projects.
- Secure all three blocks together as a consolidated master site or acquire individually.
- Total existing improvements: 25 bedrooms, 12 bathrooms, and multi-vehicle parking for up to 18 cars across all three blocks.
- World-class location minutes from Brisbane CBD, river boardwalk, precinct dining, and upcoming 2032 Olympic infrastructure.
- Exceptional holding income with three existing substantial properties generating significant rental returns.
Positioned in one of Kangaroo Point's most sought-after and rapidly evolving inner-city pockets, 566-578 Main Street presents a monumental opportunity for developers, investors, and land-bankers to secure a prime 1,824 sqm landholding. Set across three adjoining 608 sqm titles with 34.5 metres of combined street frontage, this site combines immense scale, zoning flexibility, and inner-city growth.
Development Scope & Zoning Upside:
Featuring flexible multi-use zoning and complete freedom from heritage overlays or flood constraints, the site provides a massive clean slate for medium-to-high density redevelopment. With potential to build up to eight storeys (STCA), developers can capitalize on strong demand for boutique residential apartments, modern townhouse schemes, or a mixed-use project in a blue-chip corridor.
Triple High-Yield Holding Assets:
All three properties feature substantial existing residences/improvements offering robust rental returns to offset holding costs during the design, DA, and approval phases:
- 566 Main Street: A massive residence offering 14 bedrooms, 7 bathrooms, and 10 car spaces on 608 sqm.
- 572 Main Street: A substantial 1950s residence featuring 5 bedrooms, 3 bathrooms, 2-car accommodation, and a shed on 608 sqm.
- 578 Main Street: A spacious residence featuring 6 bedrooms, 2 bathrooms, and off-street parking for up to 6 vehicles on 608 sqm.
Premier Inner-City Location:
Located just minutes from the Brisbane CBD and scenic river boardwalks, Kangaroo Point continues to benefit from major infrastructure investments and momentum leading up to the 2032 Olympic Games. Properties offering this level of consolidated development scale, height upside, and location are seldom available.
*Approximate figures only.
Address: 566, 572 & 578 Main Street, Kangaroo Point QLD 4169
Price: EOI Closing Wednesday 21st of October 12pm (Unless Sold Prior)
Inspect: By Appointment
Contact:
Harvey Huang / Peter Huang
0401 026 693 / 0418 888 889
harvey.huang@yong.com.au
All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
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