A one of a kind “live, work and play” opportunity is available in one of Brisbane’s most sought-after locations, Red Hill through Savills Australia.
The property is located on the corner of Hammond Street and Musgrave Road at 127-129 Musgrave Road, and is improved by a residential house with rustic charm and a commercial building on a 1,032sq m site over three lots.
Redhill’s trendy café scene and impressive displays of local street art draw a youthful crowd by day, creating a gritty yet charming character that is all embracing. The area boasts a neighborly atmosphere and relaxed community lifestyle that also draws on the success of its neighbouring suburbs and is ideal locality within Brisbane. When locals are looking to mix things up, they venture into neighbouring Paddington for its mouth-watering cafés, boutique stores, galleries and antiques.
For sale through Daniel Pepper and Tim Packman of Savills Metropolitan & Regional Sales, the property is Zoned LMR2 Low-Medium Density and will be in high demand once it hits the market early next year, however there is an opportunity to register Interest and acquire it before Christmas 2020.
Currently owner occupied, the property boasts significant exposure to busy Musgrave Road and close proximity to amenity, public transport and major infrastructure allowing easy accessibility to all suburbs of Brisbane.
Daniel Pepper, Senior Executive at Savills Australia said “Commercial assets in Red Hill are extremely rare and coupled with the opportunity to live next door this property will be hotly contested, and we don’t anticipate it going to market next year.”
Tim Packman, Executive at Savills Australia said, “This is the first time to the market in over 23 years, and the stunning 360 degree panoramic views, spectacular mountain and city vistas mean you will need to act swiftly to acquire this unique offering.”
The agents declined to comment on a price guide, but industry sources suggest a property of this calibre will sell in the mid to high $2 millions.