SOLD
Sold on 12 Dec 2023 for $28,250,000

46 Kelvin Grove Road
Red Hill QLD 4059

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 8900m2
Land area: 10520m2
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Property Details for 46 Kelvin Grove Rd, Red Hill

Building Type
Commercial
Floor Size
8900m2
Land Size
10520m2
Local Government
Brisbane
Lot/Plan
1/RP805875

Last Listing description (September 2023)

CBRE are excited to bring to the market for lease 25 Musgrave Road, Red Hill.

An enviable address located in a thriving, vibrant precinct presenting a unique opportunity for business to combine both work and lifestyle.


- 2500-3036sqm of modern creative style fitted out office space
- Character building 2km from the CBD
- Fully cabled, ready to move in, plug in and start working
- 60 Onsite Car Parking Bays
- Walk to Suncorp Stadium & Entertainment Venues
- Next Door to the Normanby Hotel
- Walk to the Barracks and Kelvin Grove Urban Village
- Large Caf Style, fully equipped kitchens
- Indoor and out door break out workspaces
- Direct access to public transport
- Massive exposure and signage opportunities
- 4.5 Star NABERS Energy Rating

With exceptional ceiling height, large New York style windows and an abundance of natural light, the property presents itself to a variety of creative, professional and mixed use style users looking to be situated in a prime location on the cusp of the Brisbane CBD.

Spanning over two levels, the tenancies fit out consists of large open plan light filled workspaces, multiple separate offices, boardroom, meeting rooms and fully cabled workstations with furniture throughout.

The property has large kitchens on both levels, lockers, bike racks and showers. High level security systems are in place and disabled facilities are catered for on each level.

25 Musgrave Road, Red Hill is easily accessible to all parts of Brisbane and only 20 minutes from the Airport being situated on 3 major transport corridors, Kelvin Grove Road, Musgrave Road and the Inner City By Pass. Both inbound and outbound bus services are at your door step and Roma Street train station is just a short walk away. Cafes, restaurants and bars are all seconds away offering a plethora of staff amenity.

25 Musgrave Road is the perfect 'Work From Home' precinct. The property has been priced very competitively to lease.

For further information or to arrange an inspection contact your Exclusive Marketing Agents CBRE.

Property History for 46 Kelvin Grove Rd, Red Hill, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$28,250,000
12 Dec 2023
Listed for Rent
13 Jul 2016
  • 12 Dec 2023
    Sold for $28,250,000
  • 21 Jan 2021
    Listed for Rent - Price not available
  • 06 Jun 2019
    Listed for Sale Contact Agent
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About 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 2,829 properties. Over the last 5 years, Houses in Red Hill have seen a 80.29% increase in median value, while Units have seen a 54.86% increase. As at 30 September 2024:

  • The median value for Houses in Red Hill is $1,618,484 while the median value for Units is $750,490.
  • Houses have a median rent of $705 while Units have a median rent of $500.
There are currently 18 properties listed for sale, and 14 properties listed for rent in Red hill on OnTheHouse. According to CoreLogic's data, 115 properties were sold in the past 12 months in Red hill.

Suburb Insights for Red Hill 4059

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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.