3 Montpelier Road
Newstead, QLD 4006

Overview

Trophy Newstead 5,141m²* Corner Landholding

This exceptional property at 3 Montpelier Road, Newstead, represents a rare opportunity to acquire a premium landholding in one of Brisbane's most sought-after inner-city precincts. The site comprises a prominent corner landholding spanning approximately 5,141 square meters, offering significant exposure to over 400,000 vehicles weekly. Strategically positioned at the convergence of Newstead, Fortitude Valley, and Bowen Hills, this location benefits from proximity to three of Brisbane's most tightly held and vibrant urban areas.

Newstead is renowned as Brisbane's leading luxury apartment market, with property prices exceeding $2 million, driven by constrained supply and high demand. This site is ideally suited for development, supported by its MU1 Mixed-Use Zoning, which allows for a diverse range of uses. The current zoning permits development up to five storeys, with the local council open to considering additional building height through performance-based planning outcomes. This flexibility aligns with the ongoing trend of increased density and vertical growth within the broader inner-city corridor, as evidenced by redevelopment activities in neighboring precincts.

The existing improvements on the site include a fully leased large format retail centre occupying approximately 3,397 square meters. The tenancy includes national brands, contributing to a stable income stream with a weighted average lease expiry (WALE) of 3.48 years and guaranteed annual rental increases. The current net income from the property is approximately $1,272,936 plus GST per annum. Additionally, the site offers 34 on-site car parking spaces, enhancing its appeal for retail and commercial uses.

Development prospects are further enhanced by demolition clauses in all leases, allowing for commencement of redevelopment activities after a 12-month period. This provides potential investors and developers with a clear pathway to unlock the site's full potential in line with market demand and planning opportunities.

Overall, 3 Montpelier Road presents a compelling investment and development proposition in a prime location. Its combination of substantial land size, existing income, flexible zoning, and strategic positioning within Brisbane's inner-city growth corridor makes it a standout opportunity for discerning buyers seeking to capitalize on the dynamic Newstead market.

Location