INSPECTIONS BY APPOINTMENT ONLY: please contact Lucas on 0413 654 823 or
[email protected] and allow for at least 48 hours notice for tenant notification.
A 296sqm tenanted commercial investment on Musgrave Road, anchored by one of Red Hill's most enduring local institutions, The Guitar Repairers, in place for more than two decades.
There is a reason long-term tenants like this are hard to find. More than twenty years of continuous occupation at a single address says something no lease term alone can replicate. The Guitar Repairers are woven into the community fabric of Red Hill and Paddington, their customers know exactly where to find them, and the operator has every reason to stay. For the buyer of 208 Musgrave Road, that stability is already in place. The gross income is $24,000 per annum, the building requires no active management to speak of, and the dual street access from Mannion Street and Cochrane Street makes the site practical for both tenant operations and future flexibility (subject to easement creation).
Features include:
• 296sqm commercial property on 296sqm of land (L3 RP20643), 100% freehold
• Long-term tenanted by The Guitar Repairers, a Red Hill institution with 20 plus years of continuous occupation
• Gross income of $24,000 per annum, low-maintenance commercial investment
• Potential dual rear car parking access from both Mannion Street and Cochrane Street (if purchased with all lots, or subject to easement creation)
• 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
• Positioned within an established local retail cluster alongside 200 and 206 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
• Available individually or as part of a combined three-lot holding at 200, 206 and 208 Musgrave Road
208 Musgrave Road is the kind of commercial investment that suits a buyer who values predictability. The income is confirmed, the tenant is established, and the location sits within one of Brisbane's most consistently in-demand inner city corridors. It works comfortably as a portfolio addition or as a standalone commercial holding for a buyer who wants inner Brisbane character exposure without the complexity of vacancy or lease up risk. The surrounding tenancy cluster, including the mixed use building at 206 and the residential landholding at 200, means this precinct functions as a genuine destination rather than an isolated commercial premise. It also offers plenty of further development opportunities STCA.
Red Hill and Paddington commercial character stock rarely reaches the open market. With strong road frontage, an established tenancy, and proximity to the CBD, QUT, Suncorp Stadium and multiple high streets, the demand fundamentals supporting this location are layered and consistent. Brisbane's 2032 infrastructure pipeline continues to strengthen the long-term capital growth case for well-positioned inner-city commercial sites, and this one sits squarely in that conversation.
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.)
