40 Castlebar StreetKangaroo Point QLD 4169
Property Details for 40 Castlebar St, Kangaroo Point
40 Castlebar St, Kangaroo Point is a 18 bedroom, 6 bathroom Unit with 6 parking spaces. The property has a land size of 1042m2.
Last Listing description (May 2023)
Set on 1042sqm of land with 28.2m lot frontage, 40 Castlebar Street Kangaroo Point presents a prime development or investment opportunity.
Currently comprising of 6 units in a 4 level walk-up brick building, this extraordinary offering boasts zoning for 15 stories (STCA) with recent surrounding developments achieving up to 17 stories.
Featuring a north-east aspect and dual street frontage, this is one of Kangaroo Point's LAST remaining residential development sites.
Situated in an ideal position, one lot back from the riverfront and neighbouring Castlebar Cove with recent sales in the building from $1,800,000 - $4,000,000+. Rarely does an opportunity like this present itself to have an investment with future development potential in Kangaroo Point, one of the closest suburbs to the Brisbane CBD, with high demand for tenants and owner occupiers due to the location.
Current approx. rental return is:
Unit 1 - $440 per week (approx. rental)
Unit 2 - $470 per week (approx. rental)
Unit 3 - $440 per week (approx. rental)
Unit 4 - $430 per week previous rental now owner occupied
Unit 5 - $450 per week (approx. rental)
Unit 6 - $400 per week (approx. rental)
Total annual income = approx. $136,760
(current rental return approx. 20% under market value)
Key points:
- 1042sqm site located in a highly sought inner-city location
- Elevated river views and north-east aspect
- Zoning for 10 stories (subject to council approval)
- Capitalise on the proven and ongoing strength of Brisbane's high-end owner-occupier boutique apartment market
- Rates: $528 per unit p/qtr
- Body corporates: approx $3200.00 per unit p/annum
- Walking distance to Mowbray Park CityCat and Thornton Street ferry terminals providing direct and regular access to the CBD plus Clem 7 tunnel.
- Short walk to cafs, parklands, the famous Story Bridge Hotel and the exciting new Howard Smith Wharves
- Only moments to some of Brisbane's best schools, Anglican Church Grammar School (Churchie), Sommerville and All Hallows
Call Simon Caulfield for more information or to arrange an inspection today.
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.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Property History for 40 Castlebar St, Kangaroo Point, QLD 4169
- 15 May 2020Listed for Sale FOR SALE
- 17 Aug 2017Listed for Rent $430 / week
- 31 Dec 2016Listed for Rent - Price not available
Recent sales nearby
See more recent sales nearby/assets/perm/7lh25a35gai63bveepepx65u2e?signature=2e2788feb6e22a7cd29d94ff8ad4c48840191d03dd15e6a5bea78b65c093d0f1){kind=logo}
0
/assets/perm/3dhtmtvmyai63a7m6okgdd2hwu?signature=b11d9b1374553d33d9acaaa2e6c9e0ef8130518f527c7aaeb1953a301aa08e2f){kind=logo}
0/assets/perm/p2cofgo3aui6zbzx2wb6hublnm?signature=1349b1d038f543f98b8c0decf0911adf871485f361f8ad8c401b666b9aa7fa55){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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 7,054 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 61.69% increase in median value, while Units have seen a 91.37% increase. As at 31 December 2025:
- The median value for Houses in Kangaroo Point is $1,749,525 while the median value for Units is $1,037,639.
- Houses have a median rent of $700 while Units have a median rent of $730.
Suburb Insights for Kangaroo Point 4169
Market Insights
Kangaroo Point Trends for Houses
N/A
N/A
View TrendN/A
N/A
Kangaroo Point Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
