1/249 Coronation Drive, Milton, QLD 4064 sold on 16 April 2025 | OnTheHouse
SOLD
Sold on 16 Apr 2025 - Price Unavailable

1/249 Coronation Drive
Milton QLD 4064

Bedrooms: 3
Bathrooms: 3
Car spaces: 11
Floor area: 567m2
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Property Details for 1/249 Coronation Dr, Milton

Building Type
Commercial
Floor Size
567m2

Last Listing description (April 2025)

Constructed in 1888-89 for Joseph Blain Cook, this dual-entrance 613 SQM stunning heritage-listed building boasts phenomenal panoramic views across the Brisbane River, and a flexible floorplan to suit any number of business or personal real estate endeavours.

Previously a prestigious rental property to many prominent citizens and even a politician, the remarkable location of this prime residence is highly desirable for restauranteurs, business owners, lucrative investors, or buyers looking to create their own personal paradise.

Zoned as MU1 code - MIXED USE to provide for a variety of uses and
activities, including, for example, BUSINESS, RETAIL, SERVICE INDUSTRY, TOURIST ACCOMMODATION or LOW IMPACT INDUSTRIAL USES or GORGEOUS EXECUTIVE RESIDENCE.

Main features:
- Iconic heritage-listed building constructed in the late 1800s with original ornate features
- Encapsulating panoramic views across the Brisbane River through wrap-around glass windows
- Prominent corner position at Coronation Dr and Park Rd, seconds to buses and city cat ferry!
- Multi-functional space: perfect for restaurants, most recently used as expansive office space
- Six restrooms can easily turn into SIX BATHROOMS.
- Convert into your personal three-storey paradise, with plenty of bedrooms and indulgent entertaining zones enjoying the mesmerizing river views!
- Largest unit of the six, with 11 SECURE UNDERCOVER CAR BAYS (six currently leased for sizeable return)
- TWELVE VISITOR CAR PARKS IN FRONT OF THE UNIT

In a coveted and breezy location looking out to the Brisbane River, this Milton masterpiece is barely 70 metres to buses, 100 metres to the city cat ferry, and an easy 650 metre walk to trains at Milton station, all of which will zoom you over to or from the Brisbane CBD in a heartbeat! Merely 2 km to the bustling lifestyle of the city, this prime position is perfect for businesses, restaurants, or just luxe living!

This sprawling unit boasts an impressive 613 sqm across three levels, with a secure carpark hosting 11 coveted cityside spaces - six of which are currently leased out.

Exuding elegance and character, this beautiful building features ornate framework along the covered patios and balconies and is enclosed in simple landscaping so as not to obstruct the riverside views from the expansive panoramic glass windows.

The current configuration of the property includes a spacious reception area, private boardroom, multiple offices, and open plan work areas. As the residence is also equipped with two industrial kitchens, a freezer and cold room, wine cellars, and a large bar upstairs, it could easily be converted back into an impressive and stylish restaurant. Soaring ceilings, chandelier lighting, bay windows, panoramic glass walls, and intricate timber framework all exude an upper-class experience. The original fireplaces and modern air-conditioning combine to create a comfortable environment for all guests or patrons.

The professional kitchens are already fit out with plenty to start your business, including large stainless-steel splashbacks, under bench fridges, shelving, a gas line to the massive stove burners, a deep fryer, and an industrial exhaust system. Whether using this space for your own food entrepreneurial ambitions, or even renting it out to a pop-up, takeaway, or food stall company, it won't take much before the staff will be cooking up something delicious!

If you're looking for a slice of paradise to create a wonderful home for your family, then this spectacular and unique residence is sure to excite! With a stunning blend of the classic, historical, and modern elements encompassing this prestigious property, you will feel like royalty waking up in your palace to the breathtaking views across the Brisbane River.

Perhaps you will feel inspired to turn one of these ornate rooms into a personal library. Maybe you will make the most of the industrial kitchens and host exceptional, catered soirees for friends and family, set to the backdrop of the city - just a quick trip away from bustling nightlife to keep the party going! The possibilities are endless, and a prominent prospect such as this is an exceptionally rare find.

Indulgence, sophistication, and history combine to create this absolute masterpiece at Cook Terrace. If you have big dreams, call Jackson Chow today so you don't miss out on this once in a lifetime opportunity!

PARKING - ENTER VIA 60 PARK RD TO THE VISITOR CARPARK.

Sunnyvale Pty Ltd with Sunnybank Districts P/L T/A LJ Hooker Property Partners
ABN 39 633 082 112 / 21 107 068 020

All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Property History for 1/249 Coronation Dr, Milton, QLD 4064

A timeline of how this property has performed in the market
Last Sold
16 Apr 2025
Listed for Rent
19 Apr 2023
  • 16 Apr 2025
    Sold for $2,600,000
  • 21 Feb 2025
    Listed for Sale Under Contract
  • 20 May 2021
    Listed for Rent - Price not available
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About Milton 4064

The size of Milton is approximately 1.3 square kilometres. It has 9 parks covering nearly 10.3% of total area. The population of Milton in 2016 was 2274 people. By 2021 the population was 3144 showing a population growth of 38.3% in the area during that time. The predominant age group in Milton is 20-29 years. Households in Milton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Milton work in a professional occupation.In 2021, 29.50% of the homes in Milton were owner-occupied compared with 36.30% in 2016.

Milton has 2,971 properties. Over the last 5 years, Houses in Milton have seen a 50.87% increase in median value, while Units have seen a 67.73% increase. As at 30 November 2025:

  • The median value for Houses in Milton is $1,645,545 while the median value for Units is $766,485.
  • Houses have a median rent of $700 while Units have a median rent of $660.
There are currently 31 properties listed for sale, and 35 properties listed for rent in Milton on OnTheHouse. According to Cotality's data, 182 properties were sold in the past 12 months in Milton.

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Contact agent
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Debbie Chow
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Jackson Chow
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LJ Hooker Property Partners - Sunnybank Hills and Mount Gravatt
Preferred contact:
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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.