Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This commercial property offers a rare investment opportunity at 208 Musgrave Road, Red Hill, where a proven, long-standing tenant has anchored the site for over two decades. The 296 square meter building sits on an equally sized freehold land parcel, providing both operational continuity and capital stability.
The property's consistent gross income stream of $24,000 per annum reflects the value of tenant longevity and minimal management requirements, making it ideal for investors seeking a dependable addition to their portfolio. The tenant, a well-known local business, has a strong community presence, reinforcing the appeal of this asset.
Practicality is enhanced by dual street access from Mannion Street and Cochrane Street, offering flexibility for tenant operations or future development, subject to easement arrangements. Situated in a character-rich retail cluster along Musgrave Road, the property benefits from exceptional exposure to high traffic volumes of over 190,000 vehicles weekly.
- Freehold title with CR2 Character zoning, allowing potential for infill housing development in the Hillside Character Precinct.
- Proximity to key inner-city destinations including Brisbane CBD, QUT, and the upcoming 2032 Olympic Stadium with excellent access to nearby retail high streets.
- Part of an established tenancy cluster consisting of both commercial and residential properties, creating a vibrant and stable precinct.
- Ideal for buyers prioritizing predictable income and minimal vacancy risk with opportunities for future capital growth supported by extensive infrastructure projects.
The property appeals primarily to commercial investors looking for a secure inner-city asset with long-term cash flow and character appeal, alongside potential for future development. The established tenancy and strategic location offer both immediate entry and a foundation for ongoing value.
Local Market Insights
In Red Hill, Quiet Listings observed 8 new houses entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $1,931,250. The property type mix of listed properties is predominantly Houses at 42%, followed by apartments (21%), and units (16%). The most active agency for houses in the Red Hill area is currently Place, representing 38% of new listings, followed by Ray White with 38%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Red Hill QLD 4059
Other properties in this postcode
