7/2 Scott Street, Kangaroo Point QLD 4169

Spacious penthouse with river proximity | 100% owner-occupied building | Heritage overlay may limit changes | No flood or bushfire risk This property’s competitive advantage lies in its sheer internal scale and the building’s 100% owner-occupied profile,rare in a premium riverside suburb and a strong signal of stable, quality ownership. The 2018 construction, ducted climate control, and separate study, rumpus, and gym spaces position it as a self-contained lifestyle residence rather than a standard apartment, best suited to a downsizing executive or family seeking a lock-and-leave base near the city. The heritage overlay is the primary risk, as it may restrict external modifications or future renovations, potentially narrowing resale appeal to buyers who value the existing floor plan. The absence of flood or bushfire overlays is a meaningful underwriting advantage in this location. Commercial logic suggests holding for medium-term capital growth driven by scarcity of large-format units in the precinct, rather than flipping. Use this property as a long-term primary residence where the layout and building quality deliver daily utility, not as a speculative play.