3/99 Musgrave RoadRed Hill QLD 4059
Property Details for 3/99 Musgrave Rd, Red Hill
Last Listing description (November 2023)
Argus Real Estate proudly presents for sale a modern, three level office unit with sweeping north facing views of Brisbane's northside.
Comprising two levels of air conditioned office space and a basement floor, the strata titled unit is granted an exclusive use allocation of 3 secure basement car parks. The basement is fully lit and offers great security for after hours access. There is no time limit, parking in the street for visitors and a bus stop a short walk from the property on Musgrave Road.
Located in the inner city Brisbane suburb of Red Hill (Qld, 4059) the property offers either an owner occupier or investor a short term lease holding income with the scope to purchase the property as a "going concern" and no attracting GST of 10% on the purchase price. Vacant possession can also be arranged.
There holding income is in place until mid 2024. Zoned for commercial use, the strata title asset is situated 2.2 km approximately from the Brisbane GPO and approximately 4.5 kilometres from the proposed 2032 Olympic Stadium.
Unit 3 is the ideal commercial or super fund investment as it is located in a tightly held and immensely popular investment precinct 1km (approx) from Brisbane Boys and Girls Grammar Schools. The unit is in a superbly elevated location with a pleasant north facing aspect. It is in a low maintenance building with highly an affordable body corporate.
Inclusions;
- 3 enclosed offices on the ground floor level
- 1 enclosed office plus a boardroom on the 1st floor level
- Kitchenette to the 1st floor level
- PWD bathroom to the ground floor level
- Open plan areas for approximately 10 workstations
- Modern Improvements with Functional Internal Fit-Out
- Remote control access to basement roller shutter door
Constructed in 2009 the improvements offer an excellent standard of presentation. An internal and external inspection suggests the building is well maintained and well kept offering a functional and well designed office environment in a highly popular inner city precinct.
Quarterly Expenses: $2,470
Quarterly Council Rates: $720.69
Property History for 3/99 Musgrave Rd, Red Hill, QLD 4059
- 18 Dec 2023Sold for $1,300,000
- 08 Nov 2023Listed for Sale please call Argus
- 25 Sep 2023Listed for Rent - Price not available
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0About Red Hill 4059
The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2011 was 5,546 people. By 2016 the population was 5,565 showing a population growth of 0.3% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 50.6% of the homes in Red Hill were owner-occupied compared with 50.5% in 2016.
Red Hill has 2,786 properties. Over the last 5 years, Houses in Red Hill have seen a 74.64% increase in median value, while Units have seen a 44.09% increase. As at 31 October 2024:
- The median value for Houses in Red Hill is $1,611,831 while the median value for Units is $699,439.
- Houses have a median rent of $720 while Units have a median rent of $505.
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