170 Merthyr Road, New Farm, QLD 4005 | Property Value & History | OnTheHouse
 
OFF MARKET

170 Merthyr Road
New Farm QLD 4005

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2m2
Land area: 397m2
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Property Details for 170 Merthyr Rd, New Farm

Building Type
Commercial
Year Built
1970
Floor Size
2m2
Land Size
397m2
Local Government
Brisbane
Lot/Plan
189/RP9138

Last Listing description (June 2023)

Colliers is pleased to present an immaculate, trophy asset in the heart of New Farm. We are offering For Sale via onsite public auction on Thursday 25 May 2023, 11am (AEST).

Highlights of the opportunity include:

Fully leased asset, anchored by a premium medical clinic
Luxury Full Floor Penthouse Apartment
Secure 13 year WALE (medical only)
Rare net lease structure (medical only)
Future development upside to increase GFA (STCA)
High profile, corner New Farm site
$221,867 net p.a.
Walking distance to all amenity and public transport (400m* to Coles New Farm, 400m* to New Farm Park and 550m* to Powerhouse)
Top 5 most affluent suburb in Brisbane median house price of $2.94m* (Feb 2023)
Median weekly household income of $2,069* and 34%* of households earn more than $156k* p.a.

170 Merthyr Road provides the opportunity to acquire an extremely rare, corner trophy asset in one of Brisbane's best suburbs.

For further information, contact the exclusive marketing agents at Colliers today.

*approximate

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Property History for 170 Merthyr Rd, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$5,000,000
25 May 2023
Listed for Rent
07 Jul 2022
  • 25 May 2023
    Sold for $5,000,000
  • 18 Apr 2023
    Listed for Sale Please contact agent
  • 30 Jul 2019
    Listed for Rent - Price not available
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About New Farm 4005

The size of New Farm is approximately 2.5 square kilometres. It has 4 parks covering nearly 9.1% of total area. The population of New Farm in 2016 was 12542 people. By 2021 the population was 12197 showing a population decline of 2.8% in the area during that time. The predominant age group in New Farm is 30-39 years. Households in New Farm are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in New Farm work in a professional occupation.In 2021, 44.00% of the homes in New Farm were owner-occupied compared with 39.70% in 2016.

New Farm has 7,930 properties. Over the last 5 years, Houses in New Farm have seen a 66.48% increase in median value, while Units have seen a 86.93% increase. As at 31 December 2025:

  • The median value for Houses in New Farm is $2,813,574 while the median value for Units is $1,189,085.
  • Houses have a median rent of $720 while Units have a median rent of $650.
There are currently 16 properties listed for sale, and 27 properties listed for rent in New farm on OnTheHouse. According to Cotality's data, 334 properties were sold in the past 12 months in New farm.

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