SOLD
Sold on 18 Apr 2024 for $3,000,000

55 Railway Terrace
Milton QLD 4064

Bedrooms: -
Bathrooms: -
Car spaces: 5
Land area: 899m2
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Property Details for Lot 3/55 Railway Tce, Milton

Building Type
Commercial
Land Size
899m2
Local Government
Brisbane
Lot/Plan
3/SP234021

Last Listing description (November 2023)

A superbly located commercial premises is now available for lease! This prime corner tenancy is located on level 1 of the Milton Residences. Located 1.5km to the city centre in the vibrant hub of Milton, the space is a perfect choice for a wide range of businesses spanning a large 792sqm approx.

With lift access and dedicated lobby entry the set up is modern and conducive to smooth business operations for clients and staff.

The open-plan design has been thoughtfully planned and allows natural light with a main thoroughfare showcasing tall window panels along the entire front wall. A welcoming reception comes with fitted timber built-in desk and there is a large and comfortable adjoining seating area.

There are several breakout / casual meeting areas and a central main office space for desks along with three individual executive offices located at the rear of the office. A stunning boardroom with glass panels is just off the main waiting area and has a walkthrough passage to the communal toilets. Another smaller enclosed meeting room allows for private discussions and is out of eyesight from main areas.

Back of house services include a spacious open concept kitchen and communal eating area, cleaning storerooms, separate male and female toilet amenities, an IT / comms facility and separate print room.

Milton Residences is a trendy mixed-use building that offers quality hotel / short-stay accommodation along with permanent apartments in above levels and firmly established ground level retail providing food and beverage outlets which is ideal for staff to utilise.

Centrally situated, this building is close to the river, the city, major Universities, and the exciting Southbank precinct.

Features:
Spanning 792sqm open Retail/Office space
Ducted air conditioning
Secure lift access with fob swipe entry
Secure onsite parking with 5 designated spots
Excellent communal facilities
Fully fitted with reception desk
Internal fit-out is able to be re configured
Established ground level retail

The location is 5-star and is literally within easy walk or drive of major amenity, handy transport options including the City Cat ferry, the local train station and bus stops. Also access to local shops, post office, gym, fine dining restaurants, cafes and recreational centres.

Location highlights include:
1.5km to Brisbane CBD 5 mins
1 minute walk to Milton Railway Station
2 minutes' to Park Road Milton retail and dining precinct
14 minutes' walk to Caxton Street
14 minutes' to The Barracks Supermarket, Cinema and Retail village
10 minutes' walk to Suncorp Stadium
7 minutes' walk to Milton City Cat Terminal

A definite inspection is required for any commercial operator seeking a quality and expansive lease opportunity. Call me today to find out more.

Location
Milton is a modern, yet historic suburb located two kilometres west of Brisbane's CBD. In Milton, you'll find warehouses, light industry, and a number of commercial and retail businesses. This suburb offers convenient train, bus and pedestrian access into the inner city of Brisbane via Coronation Drive and Milton Road.

Milton is a suburb of high public attraction being home to some of the most popular heritage-listed sites including the City's Christ Church and The Milton House. Being so close to the CBD, Milton has become a buzzing suburb promising excellent exposure for commercial offices.

Property History for Lot 3/55 Railway Tce, Milton, QLD 4064

A timeline of how this property has performed in the market
Last Sold
$3,000,000
18 Apr 2024
Listed for Rent
07 Mar 2019
  • 18 Apr 2024
    Sold for $3,000,000
  • 17 Jul 2023
    Listed for Rent - Price not available
  • 12 Dec 2017
    Sold for $2,105,400

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About Milton 4064

The size of Milton is approximately 1.3 square kilometres. It has 9 parks covering nearly 10.3% of total area. The population of Milton in 2011 was 1,987 people. By 2016 the population was 2,289 showing a population growth of 15.2% in the area during that time. The predominant age group in Milton is 20-29 years. Households in Milton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Milton work in a professional occupation. In 2011, 34.9% of the homes in Milton were owner-occupied compared with 36.3% in 2016.

Milton has 2,818 properties. Over the last 5 years, Houses in Milton have seen a 31.21% increase in median value, while Units have seen a 28.69% increase. As at 31 October 2024:

  • The median value for Houses in Milton is $1,518,192 while the median value for Units is $630,120.
  • Houses have a median rent of $665 while Units have a median rent of $620.
There are currently 62 properties listed for sale, and 42 properties listed for rent in Milton on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Milton.

Suburb Insights for Milton 4064

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.