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102A Lambert Street, Kangaroo Point, QLD 4169

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1,228sqm* of Residential Development Land (STCA)

Developers and investors, this will only be offered to the market once. 1,228sqm of prime development land in Kangaroo Point, subject to council approval, with direct river views across to New Farm, East Brisbane and Hawthorne. 102A-106 Lambert Street, Kangaroo Point currently encompasses three residential dwellings, with potential holding income of up to $150k per annum. There are two options for this offering. The first to purchase and take advantage of the three dwellings, realising their potential holding income, all of which are three bedrooms, two bathrooms, two cars with views of the river. Well built, only 20 years old, the option of renovation, knockdown and rebuild is all possible. The size of each land parcel is the following: 102A Lambert Street 413sqm*, 104 Lambert Street 400sqm* and 106 Lambert Street 415sqm*. With an option to develop the site within a high density precinct, this allows a unique opportunity with the potential to amalgamate neighboring sites. See IM for further details (STCA) Located 1km* from Brisbane CBD. For sale by Expression of Interest closing 4pm Thursday 10 November 2016. Please contact Simon Caulfield on sc@eplace.com.au or 0437 935 912 or Courtney Maguire on cm@eplace.com.au or 0401 031 668 for a copy of the Information Memorandum and inspection. *approximate

First listed on 20 March, this property has been on Realty for 753 days. There has been 22 other 3 bedroom house in Kangaroo Point that have recently been sold. There are currently 52 properties for sale in Kangaroo Point.
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General Features

Bathrooms: 2
Bedrooms: 3
Car Spaces: 2
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Garages: 2

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