A 5,141sqm corner landholding at 3 Montpelier Road, Newstead, positioned at the convergence of Newstead, Fortitude Valley and Bowen Hills, has been brought to market, offering buyers a rare combination of fully leased holding income and long-term redevelopment potential in one of Brisbane's most tightly held inner-city precincts.
The trophy asset generates $1,272,936 per annum net, is fully leased with a 3.5-year WALE across a diversified tenancy mix, and sits on a major arterial corner with exposure to more than 400,000 vehicles weekly.
Lachlan O'Keeffe of RWC Retail said the strength of the location and planning framework will appeal to a wide range of buyers.
"This is one of Brisbane's most tightly held precincts, on a major corner with excellent exposure," Mr O'Keeffe said. "The site's planning framework supports potential for additional building height subject to Council approval, which gives the incoming purchaser excellent future development optionality."
The centre is underpinned by national tenants including Beaumont Tiles, Stegbar and Highgrove Bathrooms, alongside a mix of showroom, retail and commercial occupiers.
Peter Court of MP Commercial said the covenant strength combined with redevelopment flexibility is what sets the offering apart.
"You have national tenants paying market rent today, and every lease carries a 6 to 12 month demolition clause," Mr Court said. "That's an unusual combination. Buyers get institutional-grade income now, with full control over the timing of any future redevelopment. Core Newstead landholdings that offer both are almost never available."
Tony Williams of Ray White Special Projects (QLD) said the continued growth of Newstead is underpinning demand for sites of this nature.
"With significant infrastructure investment and large-scale projects transforming the area, Newstead continues to go from strength to strength," Mr Williams said. "Opportunities to secure a site of this scale, with income in place, are becoming increasingly limited."
3 Montpelier Road, Newstead is being offered for sale via Expressions of Interest closing Thursday 21 May 2026 at 2:00pm (AEST).
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