Peach of a Deal: Iconic Haig Road Cafe Changes Hands After Strong Interest

Colliers transact 100% freehold, fully leased, high yield, mixed use investment in prime inner city location.

The building housing popular local eatery, Peach Cafe, near the thriving Rosalie food precinct has changed hands for $1,750,000 to a local private investor.

Transacted by the Colliers Queensland investment services team of Harry Higgins and Hunter Higgins this 405sqm, 100 per cent freehold, investment located at 97 Haig Road Auchenflower was sold on behalf of a private local investor.

Colliers Queensland Investment Services Executive Harry Higgins said the campaign generated over 100 enquiries, highlighting the strong interest in Auchenflower and the broader inner-west commercial property market.

“With a newly exercised lease option until 2031 to the high performing Peach Cafe, this investment offered a passing income as well as a second level that operates as either a space for a business or a residence,” Harry Higgins said.

“Throughout the process, we identified an ideal local buyer who plans to utilise the existing residence while benefiting from the passing income from the retail component.

“We’re delighted to see both the purchaser and vendor extremely pleased with the outcome,” Harry Higgins added.

Colliers Queensland Investment Services National Director Hunter Higgins said situated on a prominent corner location close to the popular Rosalie food precinct there was high demand for this asset.

“This is a 100 year old building that underwent a full refurbishment in 2021, located in an affluent area with a median house price over 100 per cent above the Brisbane average,” Hunter Higgins said.

“Investors saw the benefits of this boutique retail and residential investment opportunity housing a favourite local café and also positioned well in the lead up to the 2032 Brisbane Olympic and Paralympic Games.

“Located only 2.5 kilometres from the Brisbane CBD and within walking distance to Suncorp Stadium, slated to host Olympic events, as well close to all forms of public transport, this was a very rare opportunity to secure a high performing asset in a thriving area,” Hunter Higgins added.

Peach Cafe that occupies the ground floor consists of a chic design, polished concrete floors, alfresco area, and function space for outdoor dining. The second floor offers a private entry to a unique fully refurbished residence with 2 bedrooms, 2 bathrooms, modern kitchen facilities and a private entry. The property is further benefited with a self-contained office suite located at the north end of the block and separate access to Annie Street allowing further income potential.