5 Morse Street, Newstead, QLD 4006 sold on 20 May 2025 | OnTheHouse
 
SOLD
Sold on 20 May 2025 for $4,900,000

5 Morse Street
Newstead QLD 4006

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 405m2
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Property Details for 5 Morse St, Newstead

Building Type
Commercial
Land Size
405m2
Local Government
Brisbane
Lot/Plan
125/RP93690

Last Listing description (July 2023)

Elders Commercial Brisbane are pleased to present to the market the sale of 5 Morse Street, Newstead. The quality asset comprises a fully leased modern character style, converted warehouse to yoga and rock climbing studio located within the James Street precinct. The property is backed by a strong covenant to national well established Urban Climb Pty Ltd.

Other features of the property include:


- 515m2* of net lettable area in current use for climbing/yoga facility
- 405m2 of mixed use inner-city land parcel with future development upside
- Solid tenant with over fifteen (15) years of trading history
- Market rental income of circa $212,040.91 net per annum + Outgoings + GST
- Leased until 30/06/2026 + further five (5) year option
- Twelve (12) month bank guarantee in place
- The property comprises three (3) access points including two (2) legal easements, accessed from the Brisbane City Council park
- Fully air-conditioned with exceptionally high ceilings and natural light
- Located only 100m from the Calile Hotel and James Street Markets


The features of this stunning converted warehouse overlooking an inner city park have always made this property highly desirable to an array of tenants leading to an extraordinary period of 20+ years without a vacancy.

EXPRESSIONS OF INTEREST CLOSING THE 16TH OF DECEMBER 2022 AT 3PM.

This is a genuine opportunity for all investors wanting to own a securely long term tenanted asset in the heart of the James Street precinct. For more information or to organise an inspection, please don't hesitate to contact your EXCLUSIVE Elders Commercial Agent today.

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Property History for 5 Morse St, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$4,900,000
20 May 2025
Listed for Rent
$450/w
09 Oct 2015
  • 20 May 2025
    Sold for $4,900,000
  • 13 Dec 2022
    Sold for $4,050,000
  • 21 Nov 2022
    Listed for Sale Contact Agent
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About Newstead 4006

The size of Newstead is approximately 0.9 square kilometres. It has 3 parks covering nearly 8.2% of total area. The population of Newstead in 2016 was 2193 people. By 2021 the population was 7496 showing a population growth of 241.8% in the area during that time. The predominant age group in Newstead is 20-29 years. Households in Newstead are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation.In 2021, 27.70% of the homes in Newstead were owner-occupied compared with 37.60% in 2016.

Newstead has 5,760 properties. Over the last 5 years, Houses in Newstead have seen a -43.32% decrease in median value, while Units have seen a 79.99% increase. As at 30 November 2025:

  • The median value for Houses in Newstead is $614,474 while the median value for Units is $981,655.
  • Houses have a median rent of $775 while Units have a median rent of $780.
There are currently 14 properties listed for sale, and 7 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 404 properties were sold in the past 12 months in Newstead.

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© 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.

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