208 Musgrave Road, Red Hill, QLD 4059 | House for sale | OnTheHouse
 
FOR SALE
FOR SALE

208 Musgrave Road
Red Hill QLD 4059

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Land area: 296m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Twenty Years of Continuous Tenancy, Proven Income, Immediate Entry!

INSPECTIONS BY APPOINTMENT ONLY: please contact Lucas on 0413 654 823 or lucas@glynisaustin.com and allow for at least 48 hours notice for tenant notification.
A 296sqm tenanted commercial investment on Musgrave Road, anchored by one of Red Hill's most enduring local institutions, The Guitar Repairers, in place for more than two decades.
There is a reason long-term tenants like this are hard to find. More than twenty years of continuous occupation at a single address says something no lease term alone can replicate. The Guitar Repairers are woven into the community fabric of Red Hill and Paddington, their customers know exactly where to find them, and the operator has every reason to stay. For the buyer of 208 Musgrave Road, that stability is already in place. The gross income is $24,000 per annum, the building requires no active management to speak of, and the dual street access from Mannion Street and Cochrane Street makes the site practical for both tenant operations and future flexibility (subject to easement creation).
Features include:
• 296sqm commercial property on 296sqm of land (L3 RP20643), 100% freehold
• Long-term tenanted by The Guitar Repairers, a Red Hill institution with 20 plus years of continuous occupation
• Gross income of $24,000 per annum, low-maintenance commercial investment
• Potential dual rear car parking access from both Mannion Street and Cochrane Street (if purchased with all lots, or subject to easement creation)
• CR2 Character (Infill Housing) zoning under the Ithaca District Neighbourhood Plan, Hillside Character Precinct NPP-008
• Direct Musgrave Road frontage with over 190,000 passing vehicles each week
See More

Property Details for 208 Musgrave Rd, Red Hill

208 Musgrave Rd, Red Hill is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 296m2. The place is currently for sale with Glynis Austin Properties.

Building Type
House
Land Size
296m2
Commute Calculator

About Red Hill 4059

The size of Red Hill is approximately 140.9 square kilometres. There are 7 parks, covering nearly 0.3% of the total area. The population of Red Hill in 2016 was 5560 people. By 2021 the population was 5834 showing a population growth of 4.9% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation.In 2021, 52.10% of the homes in Red Hill were owner-occupied compared with 50.50% in 2016.

Red Hill has 2,825 properties. Over the last 5 years, Houses in Red Hill have seen a 54.42% increase in median value, while Units have seen a 94.74% increase. As at 31 July 2026:

  • The median value for Houses in Red Hill is $1,864,710 while the median value for Units is $939,672.
  • Houses have a median rent of $828 while Units have a median rent of $550.
There are currently 27 properties listed for sale, and 8 properties listed for rent in Red hill on OnTheHouse. According to Cotality's data, 90 properties were sold in the past 12 months in Red hill.

Red Hill Profile Page

Suburb Insights for Red Hill 4059

Visit Red Hill profile page
Market Insights
Red Hill Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Red Hill Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Red Hill profile page
Contact agent
agent headshot
Lucas Brett
Show contact details
Call agent
agent headshot
Glynis Austin
Show contact details
Call agent
Glynis Austin Properties
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© 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.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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

GETTING STARTED