Opportunity to buy into NRL heartland: Caxton Street sites tipped to spark bidding war
Brisbane’s iconic Caxton Street strip is entering a high-stakes new era, with two neighbouring sites hitting the market for the first time in more than a decade amid a wave of multi-million-dollar investment transforming the city’s premier game-day precinct.
The adjoining properties at 18–26 Caxton Street, directly opposite the The Beetson Hotel, offer buyers the chance to create a flagship bar or entertainment venue in the centre of Brisbane’s NRL heartland.
Colliers Queensland experts Tony Wang and Shaun Seeto are exclusively marketing the two adjoining freehold buildings with a combined net lettable area of 512sqm, with an additional 70sqm of external seating, on behalf of a local private seller.
Positioned in the heart of Caxton Street that is long regarded as the city’s pre and post game entertainment epicentre, as well as a busy foodie location on non-game days, the listing comes amid a wave of high-profile investment and redevelopment activity transforming the precinct into a national sporting and hospitality powerhouse.
Recent deals include the $50 million acquisition of the Caxton Street Hotel by prominent businessman Nick Politis, along with the Australian Rugby League Commission’s purchase of the former Gambaro Hotel, now operating as the The Beetson Hotel.
Momentum is continuing to build, with Cameron Munster backing the upcoming Milton Rooftop & Sports Bar, while the National Rugby League has unveiled plans for a new IMAX-style sports bar concept set to anchor the precinct’s evolution.
Colliers Investment Services Manager Shaun Seeto said the very rare opportunity was expected to attract a broad range of buyers, from hospitality and NRL operators and players to private investors and syndicates seeking exposure to one of Brisbane’s most tightly held and culturally significant strips.
“With unprecedented investment flowing into Caxton Street and the surrounding precinct, this offering represents a rare chance to secure a foothold in what is rapidly becoming the entertainment capital of Australian sport,” Shaun Seeto said.
“This is a very rare chance to create a flagship venue in the middle of Brisbane’s NRL heartland and we are already fielding a huge amount of pre-market interest. Not only is it a vibrant precinct on game day, but a popular strip for food and beverage on non-game days.
“There’s a deep emotional connection to Caxton Street, most Queenslanders have fond memories at this location, and that’s what will drive the high demand for these sites.”
The property at 18 Caxton Street is currently leased to long-standing late night institution Abbra Kebabra until 2028 with a 3 year option remaining. The adjoining property at 26 Caxton Street is a substantially larger four-level venue, formerly operating as long standing street tenant Brewski and more recently Velveteen Rabbit, with an ‘Alice in Wonderland’ themed down the rabbit hole basement bar. It has a current hotel liquor licence and is being offered with vacant possession, presenting a significant value-add or owner-occupier opportunity.
Colliers Queensland Asia Markets Director Tony Wang said steeped in history and dating back approximately 148 years, the properties blend heritage character with modern functionality, featuring full commercial kitchens, grease traps, exhaust systems, cold and freezer rooms, and multiple fitted bars.
“Located just moments from Suncorp Stadium, Caxton Street has long been synonymous with major sporting events, drawing tens of thousands of fans during State of Origin clashes, NRL fixtures and concerts,” Tony Wang said.
“Its reputation as Brisbane’s premier game-day destination continues to drive strong hospitality trade and investor demand, making this an appealing investment to a wide range of buyers.
“Opportunities to acquire freehold assets of this scale and flexibility on Caxton Street are exceptionally rare, with this property being offered for sale for the first time in 12 years.”
The offering comprises two adjoining buildings with a combined net lettable area of 512sqm, plus approximately 70sqm of external seating, on a 299sqm site zoned District Centre. The larger building has recently undergone a high-quality refurbishment completed in October 2024, positioning it as a turnkey hospitality venue in one of Brisbane’s highest foot-traffic locations.
The properties are being offered via Expressions of Interest closing 4pm (AEDT) on Thursday, 21 May 2026.
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