227/85 Deakin StreetKangaroo Point QLD 4169
Property Details for 227/85 Deakin St, Kangaroo Point
227/85 Deakin St, Kangaroo Point is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1996. The property has a land size of 57m2.
Last Listing description (June 2022)
Here it is... A tidy 1 bedroom hotel apartment in sought after 'Quest on Story Bridge' to suit astute investor. The property is under long term management with guaranteed returns and generous annual increases. The Owner refurbished a few years ago and spent $$$ to upgrade to the hotel's requirement of this 4 star facility and provides an excellent income stream for the new owner.
The property is excellent for individual investors and self managed super funds (SMSF) seeking above average returns without the stresses of prolonged periods of vacancies.
Quest on Story Bridge is a purpose built boutique apartment complex in the heart of Kangaroo Point. Located adjacent to the Story Bridge Hotel and a short stroll to the cross river ferry.
- Air Conditioned
- Guaranteed Returns ~ currently $20,000 per year! (Approx.)
- 4% annual increase in returns every October
- Commercial sub lease to Quest Hotel
- 'Hassle Free' investment ... Money in the bank every month!
Building facilities include pool and gym, BBQ area, games room, conference facilities.
- Size: 43sqm + car park
- Body Corporate contributions: $4,674 p/a approx.
- Brisbane City Council rates: $1,721.60 p.a. (Approx) + water & sewerage
Kangaroo Point is an upscale inner-city peninsula paradise surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, Buses, Clem Jones tunnel (M7), South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the 'Gabba'.
There are many high quality restaurants and cafes within walking distance of all areas. Those who reside in Kangaroo Point enjoy the benefits of an inner city lifestyle in a peaceful setting without the hustle and bustle. Strong demand exists for both rentals and sales in this exclusive area.
Property History for 227/85 Deakin St, Kangaroo Point, QLD 4169
- 02 Mar 2022Listed for Sale $269k+
Recent sales nearby
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About Kangaroo Point 4169
The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.0% of total area. The population of Kangaroo Point in 2016 was 8063 people. By 2021 the population was 9689 showing a population growth of 20.2% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation.In 2021, 36.00% of the homes in Kangaroo Point were owner-occupied compared with 36.90% in 2016.
Kangaroo Point has 7,063 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 60.35% increase in median value, while Units have seen a 88.79% increase. As at 30 November 2025:
- The median value for Houses in Kangaroo Point is $1,700,159 while the median value for Units is $1,013,365.
- Houses have a median rent of $700 while Units have a median rent of $740.
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