Queensland 4059

Unique Red Hill Property Offering Triple Income Potential and Endless Flexibility

In Room Auction Wednesday 1st October at 6pm - 15 Harries Road, Coorparoo

A rare find in one of Brisbane's most sought-after inner-city suburbs, this versatile property delivers a compelling blend of residential charm and commercial opportunity. Positioned in the heart of Red Hill just 4kms from Brisbane's CBD, it offers an exceptional chance to secure a fully-tenanted, income-generating investment with future flexibility to live, work and grow your business - all from one dynamic address.

Comprising two well-established commercial tenancies and a beautiful character cottage, this is an asset that pays for itself from day one. Whether you're a savvy investor looking to enjoy reliable returns or a business owner dreaming of the perfect work-life balance, this property is packed with potential.

Rare mixed-use offering: 2 commercial tenancies + 1 residential home

Fully leased with high-quality long-term tenants in place

Ideal for investors or owner-occupiers seeking a live/work lifestyle

Scope to occupy house and run your own business

Flexible future configuration and income options

Strong location with high exposure and inner-city convenience, 4kms from Brisbane's CBD

Capital growth hotspot, just 4kms from the heart of Brisbane's 2032 Olympic Games and surrounding infrastructure


Commercial Appeal

At the front of the block are two street-facing commercial spaces, currently home to a popular caf and a boutique hairdressing salon. Both premises have been stylishly upgraded, offering attractive and functional fit-outs that reflect the quality of tenancy and local demand.

Caf with charming outdoor courtyard, large prep zone, separate storage area

Fully equipped salon with high-end finishes and street exposure

Opportunity to merge the two shops into one expansive commercial space

Shared bathroom facilities

Air-conditioning installed in both spaces

Recent upgrades: rooftop faade, solar system for caf, new hot water system (salon)

Residential Sanctuary

Privately tucked behind the commercial frontage is a beautifully maintained three-bedroom home offering both character and contemporary comfort. Currently leased to reliable tenants who would love to stay, it also represents a fantastic future home for those wanting to live on-site while operating their business.

Recently painted inside and out

Classic charm with VJ wall wainscoting, ornate cornices and timber fretwork

Renovated kitchen with gas cooktop, skylights and ample storage

Expansive ground-level living and dining area with study space

Large master with walk-through robe to updated ensuite with frameless shower

Two loft bedrooms on the upper level with built-in robes and dormer windows

Air-conditioning and ceiling fans throughout

Internal laundry, security screens

Front yard with landscaped gardens and paved front patio

Whether you're looking to diversify your portfolio with a high-performing, multi-tenanted asset, or seeking the perfect location to blend lifestyle and livelihood, this Red Hill property delivers on every front. Set within walking distance of transport, parks and the vibrant Paddington precinct, this opportunity offers strong growth prospects in a location that's always in demand.

Added 27 August, 2025
Property ID: #L33499634