Swimming pool, car parking, beside heritage listed Shafston House and lawn, riverside, near park & shopping complex.
Peninsula Riverside Apartments in Kangaroo Point is the latest project from Tom Dooley Developments, an award-winning Queensland developer with a strong reputation for delivering quality projects who has a long-term commitment to the Kangaroo Point area.
The average size of one-bedroom apartments in Peninsula Riverside Apartments are the largest currently for sale across Inner Brisbane and the average size of its two-bedroom product is also larger than the Inner Brisbane average. While many new apartments across Inner Brisbane are priced in excess of $7,000 per square metre (gross), the average sale price of apartments in Peninsula Riverside Apartments are among the most affordable of all major new Inner Brisbane projects, around $6,207 per square metre (gross), thus offering exceptional value for money.
Peninsula Riverside Apartments is situated in a highly-desirable residential area within close proximity to Brisbane’s central business district. The vacancy rate for permanent rental accommodation in Kangaroo Point is currently just 1.7%, indicating a significant shortfall of suitable rental product. Gross rental yields in Kangaroo Point are currently averaging 5.6% per annum.
One reason for the tight vacancy rate in Kangaroo Point is the lack of new apartments for sale.
Kangaroo Point has excellent transport connectivity, and this transport and other infrastructure already exists. It is not “proposed” or “planned” as it is in some inner city locations. In addition, there are few development sites in Kangaroo Point which means that residents of Peninsula Riverside Apartments will not be living in or near a building site for many years, which is the scenario facing residents of some inner city areas such as Bowen Hills, Newstead and Hamilton.
It has been designed to suit long-term residents, both owner-occupiers and long-term tenants. All of its two-bedroom apartments have two bathrooms, and all apartments (including all one-bedders) have a study area and a secure car park. These features alone are a major point of difference compared to other new projects currently for sale across Inner Brisbane. The project offers well-sized and competitively-priced apartments with large balconies and attractive north-easterly river views over the heritage-listed Shafston House; views which cannot be built out.