_Inner Brisbane commercial property with development approval near Suncorp Stadium hits the market

An office/warehouse asset with development approval for a commercial building in Brisbane’s inner-city suburb of Milton, just metres from Suncorp Stadium and within one of the city’s most tightly-held and rapidly evolving precincts, is up for sale.

May 27, 2026

The property at 14 Parkview Street comprises an existing 550sq m freestanding office/warehouse on an 804sq m site with five car parks just 2km from the Brisbane CBD.

The freehold asset offers short-term holding income, being currently tenanted by local occupiers such as Brisbane City Skate, as well as Low Impact Industry zoning allowing for a range of end commercial, industrial and redevelopment outcomes.

It currently has an existing development approval for a five-storey commercial building with nearly 2000sq m of gross floor area, presenting a ready-made opportunity for immediate project delivery or future repositioning.

The property is being taken to the market via an auction campaign run by Knight Frank agents Hayden Ryan and Christian Sandstrom on behalf of the private vendor.

Mr Ryan said the asset’s location and planning profile would appeal to a broad range of purchasers, including owner occupiers, investors and developers.

“This is a rare opportunity for buyers to secure a tightly-held inner-city holding,” he said.

“This asset represents one of the closest freehold warehouse opportunities to the Brisbane CBD, with the added benefit of having strong development potential.

“The combination of holding income, flexible zoning and development approval provides purchasers with multiple pathways to create value.”

Mr Sandstrom said: “This is a true blank canvas opportunity in one of Brisbane’s most tightly held inner-city markets.

“The property’s strategic location within a rapidly evolving precinct surrounded by mixed-use and residential projects positions it as a compelling opportunity.

“With strong fundamentals underpinning Milton and the wider inner-west, including proximity to the CBD, established amenity and ongoing urban renewal, the property is well positioned for long-term rental and capital appreciation.

“Located moments from Suncorp Stadium, a key venue for the Brisbane 2032 Olympic Games, the property stands to benefit from significant infrastructure investment and increased global exposure.”

14 Parkview Street enjoys proximity to key amenity – in addition to Suncorp Stadium, it is close to the Given Terrace and Park Road retail and dining precincts, Milton train station, and major transport infrastructure.

The property will be auctioned on site at 11am (AEST) on Friday, June 12, if not sold prior.