A 321sqm mixed-use character building on Musgrave Road, vacant and available for immediate occupation or lease-up, with a commercial ground floor and a self-contained residential unit below.
206 Musgrave Road is a clean slate. The former home of long-term tenant Sunshine Monograms and Embroidery, this character building now sits vacant and ready. The ground floor suits a wide range of commercial occupiers including boutique retail, professional services, health and wellness, and creative or food and beverage uses. The self-contained residential unit below adds a layer of versatility that is genuinely rare on this corridor. For the owner-occupier who wants to live and work from the same address, or the investor who wants to lease both components separately, this building solves more than one problem at once.
Features include:
• 321sqm mixed-use character building on 321sqm of land (L4 RP20643), vacant and ready for immediate occupation or lease-up
• Commercial ground floor with a self-contained residential unit below
• Broad occupier appeal across retail, professional services, health and wellness, creative and food and beverage uses
• Direct Musgrave Road frontage with over 190,000 passing vehicles each week
• CR2 Character (Infill Housing) zoning under the Ithaca District Neighbourhood Plan, Hillside Character Precinct NPP-008
• Positioned within an established local retail cluster, neighbouring The Guitar Repairers at 208 Musgrave Road
• 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
Vacancy on Musgrave Road is not a liability, it is an opportunity to set the terms. The building has the street presence and the bones to support a quality occupier, and this part of Red Hill and Paddington has a proven and sustained appetite for the kind of independent, authentic businesses this building was made for. With 190,000 plus weekly vehicle movements past the front door, the passive exposure here is genuinely hard to replicate on a character strip anywhere in inner Brisbane.
Red Hill and Paddington commercial character stock is tightly held. The Musgrave Road corridor benefits from strong foot and vehicle traffic, proximity to multiple lifestyle precincts, and a community that actively supports independent operators. These are durable attributes, and with Brisbane's 2032 infrastructure investment continuing to build strategic value into well-positioned inner-city sites, the medium-term case for this location is compelling.
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.)
