INSPECTIONS BY APPOINTMENT ONLY: please contact Lucas on 0413 654 823 or lucas@glynisaustin.com and allow for at least 48 hours notice for tenant notification.
A fully tenanted residential character property on 487sqm across two lots at one of Red Hill's most prominent corners, with income in place and genuine optionality for what comes next.
Corner lots on Musgrave Road are tightly held and rarely come to market with this combination of immediate income, strong street presence, and a natural exit from the current tenancy arriving in the near term. The residential lease expiry hands the incoming owner a real choice: hold, repurpose, or explore what the CR2 zoning may support. That flexibility is not something you manufacture. Either you have it or you don't, and 200 Musgrave Road has it.
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 close by, 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 within 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, and the games, 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.
(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.)
