200 Musgrave Road

Red Hill QLD 4059

Features include:
487sqm corner landholding across two lots (L5-6 RP20643), 100% freehold
Corner position at Musgrave Road and Cochrane Street with rear car parking accessed from Cochrane Street
Residential character dwelling currently returning $20,800 per annum gross
Residential lease expiring in the near term, a natural and timely decision point for the incoming owner
CR2 Character (Infill Housing) zoning under the Ithaca District Neighbourhood Plan, Hillside Character Precinct NPP-008
Direct Musgrave Road frontage with over 190,000 passing vehicles each week
800m to Given Terrace and Latrobe Terrace high streets, 1.1km to Caxton Street and Suncorp Stadium
Within 2km of Brisbane CBD, 1km to QUT campus and 1.3km to the main 2032 Olympic Stadium
Less than 1.5km to Brisbane Grammar Schools and within 1km of Kelvin Grove State School
Available individually or as part of a combined three-lot holding at 200, 206 and 208 Musgrave Road

This is one of those properties where the location does most of the strategic work. Five Star Cinemas sits directly opposite, Given Terrace and Latrobe Terrace are an 800 metre walk, and the CBD is two kilometres away. The character dwelling is tidy and functional, the income is in place, and the lease expiry creates a clean entry point for whoever comes next. For the land banker, the developer keeping an eye on the CR2 zoning, or the investor who simply wants a well-positioned inner-city holding with minimal complexity, this site checks a lot of boxes without asking you to overpay for speculation. There is plenty of scope for further development STCA and is a unique opportunity for a savvy developer!

Red Hill and Paddington sit inside one of Brisbane's most consistently in-demand inner-city corridors. Scarcity of land, walkability, proximity to multiple lifestyle precincts, and a suburb character that attracts strong owner-occupier demand all underpin the long-term fundamentals here. With Brisbane's infrastructure pipeline continuing to build ahead of 2032, the case for well-positioned inner-city land within 2km of the CBD only strengthens over time.

To arrange a private inspection, call Lucas on 0413 654 823 or Glynis on 0403 333 013. This property is available individually or as part of a three-lot holding at 200, 206 and 208 Musgrave Road. Please note this property is pending completion of the Form 2 Sellers Disclosure.

(Whilst all due diligence has been taken in the preparation of this document, there is no guarantee as to the accuracy of the information provided. It is recommended that purchasers conduct their own enquiries and searches prior to purchase. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.)