5/321 Kelvin Grove Road, Kelvin Grove, QLD 4059 sold on 22 July 2026 | OnTheHouse
SOLD
Sold on 22 Jul 2026 for $1,537,250

5/321 Kelvin Grove Road
Kelvin Grove QLD 4059

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 72m2
Land area: 189m2
Sold By
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McGees Property - Brisbane
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Property Details for 5/321 Kelvin Grove Rd, Kelvin Grove

Building Type
Commercial
Year Built
1997
Floor Size
72m2
Land Size
189m2
Local Government
Brisbane
Lot/Plan
5/BUP8346

Last Listing description (September 2026)

On behalf of the vendors, McGees Property Brisbane is pleased to exclusively offer Unit 5/321 Kevin Grove Road, Kelvin Grove for sale via Private Treaty

Located within a stone's throw of Brisbane's future Olympic Precinct, both the property and its occupants are set to benefit from the areas continued growth and transformation.


Positioned within the heart of Kelvin Grove's thriving commercial precinct, 'Bishopsgate' is a prominent commercial complex comprising multiple two-level strata-titled units, complemented by secure undercover and on-grade parking.

Unit 5/321 Kelvin Grove Road, Kelvin Grove presents an outstanding investment opportunity offering 242m²*(including mezzanine) of well-appointed office space, securely leased to Community Management Solutions. Spanning two functional levels, the unit offers a versatile and light-filled workspace, with a selection of offices, open plan areas, and board room.

This is an exceptional opportunity for astute investors seeking to secure a premium asset in one of Brisbane's most tightly held inner-city locations.

- Site area 189m²*
- 242m²* office space includes 53m²* mezzanine
- Five exclusive-use car parks, including two undercover and three on-grade spaces
- Net income $96,198* per annum plus GST
- Outgoings - $12,702* per annum
- Fully tenanted by Community Management Solutions
- Amenities on both levels including PWD toilet (ground floor)
- Outstanding exposure to thousands of passing vehicles daily
- Near to ALDI, Newmarket Shopping Village Kelvin Grove Village, QUT University Precinct, and Kelvin Grove State School
- Approximately 3km* from the Brisbane CBD
- Excellent connectivity to major arterial networks including the M3, M5, and M7
- Located near the designated Olympic precinct and wider metropolitan growth corridor

Kelvin Grove is one of Brisbane's most sought-after inner-city suburbs, located just 3km* north of the CBD. The property benefits from direct access to Kelvin Grove Road, the Inner-City Bypass, the M7 Airport Link, and the M1 Riverside Expressway, providing exceptional connectivity across Brisbane and beyond.

Interested parties are invited to contact Gavin Moore and Nina Brailey of McGees Property Brisbane for additional information or to arrange an inspection.

*Approximate

Property History for 5/321 Kelvin Grove Rd, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$1,537,250
22 Jul 2026
Listed for Rent
$1.09k/w
01 May 2009
  • 22 Jul 2026
    Sold for $1,537,250
  • 21 May 2026
    Listed for Sale FOR SALE
  • 11 Dec 2015
    Sold for $621,500
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About Kelvin Grove 4059

The size of Kelvin Grove is approximately 1.7 square kilometres. There are 12 parks, covering nearly 7.5% of the total area. The population of Kelvin Grove in 2016 was 7927 people. By 2021 the population was 7909 showing a population decline of 0.2% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation.In 2021, 33.10% of the homes in Kelvin Grove were owner-occupied compared with 32.10% in 2016.

Kelvin Grove has 4,125 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 52.85% increase in median value, while Units have seen a 101.69% increase. As at 31 August 2026:

  • The median value for Houses in Kelvin Grove is $1,673,130 while the median value for Units is $849,665.
  • Houses have a median rent of $700 while Units have a median rent of $690.
There are currently 20 properties listed for sale, and 8 properties listed for rent in Kelvin grove on OnTheHouse. According to Cotality's data, 145 properties were sold in the past 12 months in Kelvin grove.

Suburb Insights for Kelvin Grove 4059

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Cotality Copyright and Legal Disclaimers about Property Data
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.