Commercial for Sale

120 Terrace Street New Farm, QLD 4005

Auction Friday 27 March 2026 12:30pm (AEST)Play Video

Building: 1m²
Land: 1,131m²

Contact the agent if you'd like further information.

Enquire with Agent

Commercial for Sale in New Farm

ENTIRE BRICK RESIDENTIAL COMPLEX | NEW FARM

Building: 1m²
Land: 1,131m²

Next Steps:

Enquire with agent

Exceptionally well maintained facility with outstanding long term occupancy
Unmatched amenity - 2min* walk to the heart of James Street
Land size of 1,131m²* offering numerous redevelopment options
Significant infrastructure charge credit for any future redevelopment
Configuration: 36 studio units - all with private kitchen and balcony
Capitalise on the huge demand for entry level rental accommodation in Inner City Brisbane
Potential Market Income of $617,348* per annum
Huge additional rental upside available by altering current design
Positioned only 1.5km* from Brisbane CBD
Future redevelopment site -no heritage restraints or restrictive overlays
Currently Zoned Low-medium density residential (2 or 3 storey mix) but scope and need to increase (subject to council approval)

Walkable Amenity includes:
James Street precinct (restaurants, bars, cafes, cinema, retail)
New Farm Park & Powerhouse Arts Centre
Merthyr Village (includes Coles)
Brisbane River Walkway
Surrounded by parks, cafés, gyms, and everyday amenities

• Excellent public transport - bus and ferry
• Detailed information package available on request

For Sale via Public Auction
Friday, 27 March 2026 12:30pm (AEST)

Venue
Ray White New Farm
612 Brunswick Street, New Farm QLD 4005

Open for Inspection:
Friday, 27 February 2026 11:00am - 11:30am (AEST)
Saturday, 28 February 2026 11:00am - 11:30am (AEST)

For further information, please contact the Ray White marketing agents

*Approximately

Building:

1m²

Land:

1,131m² / 0.28 acres

Tenancy:

Vacant

Next Steps:

Enquire with agent

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This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.