159 Richmond Road, Morningside, QLD 4170 | Property Value & History | OnTheHouse
 
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159 Richmond Road
Morningside QLD 4170

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 58m2
Land area: 410m2
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Property Details for 159 Richmond Rd, Morningside

Building Type
Commercial
Floor Size
58m2
Land Size
410m2
Local Government
Brisbane
Lot/Plan
22/RP13364

Last Listing description (September 2023)

CBRE is pleased to exclusively present to the market For Sale via Offers to Purchase, 159 Richmond Road, Morningside. This outstanding opportunity to invest in an affluent inner-city suburb or occupy and reap the rewards of the dual investment.

The property currently sits on a 410sqm parcel of land, featuring Shop A 53sqm (tenanted) and Shop B 60sqm (vacant) with a large useable garden at the rear of each tenancy and prominent shop frontage with fantastic signage exposure with (4) car parks, servicing the property.


Property Features:
+ 410sqm Freehold parcel, 113sqm NLA & 10m Frontage
+ Shop A leased until 31/08/2025 with a 3-year option period, current income $34,158 + GST + 50% total outgoings + 4% annual reviews
+ Shop B currently vacant well suited to occupy or re-lease and profit
+ Highly exposed to Richmond Road, carrying strong vehicle and foot traffic
+ (4) dedicated car parks with sufficient street parking
+ Each tenancy benefits from rear courtyard space, allowing breakout space for staff and customers
+ Morningside is an affluent Inner-Eastern suburb of Brisbane, located 8kms* East of the CBD
+ The property is well serviced by public transport, positioned 850m* from the Morningside Train Station.
+ Easily accessible to major road networks, including the Gateway Motorway
+ Neighbourhood Centre Zoning
+ Low annual outgoings

159 Richmond Road is For Sale via Private Treaty, Offers to Purchase.

For further information or to arrange an inspection please contact the Exclusive CBRE agents.

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Property History for 159 Richmond Rd, Morningside, QLD 4170

A timeline of how this property has performed in the market
Last Sold
$553,410
15 Feb 2013
Listed for Rent
$38k/w
18 Sep 2023
  • 05 Apr 2023
    Listed for Rent - Price not available
  • 09 Feb 2023
    Listed for Sale Price of $1,350,000
  • 08 Jun 2021
    Listed for Sale $1.59M
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About Morningside 4170

The size of Morningside is approximately 5.4 square kilometres. It has 16 parks covering nearly 8.9% of total area. The population of Morningside in 2016 was 10481 people. By 2021 the population was 11755 showing a population growth of 12.2% in the area during that time. The predominant age group in Morningside is 30-39 years. Households in Morningside are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morningside work in a professional occupation.In 2021, 51.40% of the homes in Morningside were owner-occupied compared with 48.30% in 2016.

Morningside has 6,528 properties. Over the last 5 years, Houses in Morningside have seen a 71.49% increase in median value, while Units have seen a 102.16% increase. As at 30 November 2025:

  • The median value for Houses in Morningside is $1,505,331 while the median value for Units is $915,810.
  • Houses have a median rent of $730 while Units have a median rent of $670.
There are currently 13 properties listed for sale, and 17 properties listed for rent in Morningside on OnTheHouse. According to Cotality's data, 309 properties were sold in the past 12 months in Morningside.

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