A commercial asset opposite Brisbane’s iconic Breakfast Creek Hotel in Albion, in Brisbane’s inner north, is up for sale for the first time in 50 years.
The property at 14 Higgs Street comprises an 824sq m site with an existing 550sq m warehouse and office facility with eight car parks in one of Brisbane’s most rapidly evolving inner-city lifestyle destinations.
Being offered to the market with vacant possession, the property can be leased for holding income, but its prime location also offers flexibility for a premium refurbishment, repositioning or redevelopment to maximise long-term value.
Positioned in a riverside location within the Breakfast Creek precinct and in close proximity to key amenity including Gasworks Plaza, Racecourse Road and Brisbane’s CBD, the property benefits from excellent connectivity to major transport infrastructure and employment hubs.
It is being taken to the market via an Expressions of Interest campaign run by Knight Frank agents Jacob Heinke and Hayden Ryan.
Price expectations are in the high $3 million range.
Mr Heinke said the offering represented a highly strategic opportunity to secure a foothold in one of Brisbane’s most desirable urban renewal precincts.
“Opportunities of this scale and positioning within Albion are seldom offered, particularly with an underlying landholding of 824sq m and favourable Low Impact Industry zoning,” he said.
“We expect strong buyer interest, with the asset appealing to owner-occupiers seeking a strategic foothold, investors looking to capitalise on strong fundamentals, and developers pursuing long-term upside within a blue-chip precinct.
“The property offers flexibility for immediate occupation or investment, while also providing future redevelopment potential, subject to planning approval.”
Mr Ryan said the asset’s long-term upside was underpinned by significant surrounding investment and infrastructure.
“Albion forms part of a broader urban renewal corridor identified by Brisbane City Council, with substantial public and private investment set to transform the precinct over the coming years,” he said.
“With more than $1 billion in proposed development in the immediate area and major infrastructure projects linked to the 2032 Olympic Games, the location is primed for continued growth and gentrification.”
The property also benefits from protected view corridors and a riverside setting, enhancing its long-term appeal for repositioning or redevelopment outcomes.
The Expressions of Interest campaign for 14 Higgs Street, Albion will close at 3pm on Thursday, July 2.
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