Rare Mixed-Use Opportunity with Approved DA for Commercial Expansion
259 Water Street, Spring Hill QLD 4000
Positioned in one of Brisbane’s most tightly held inner-city growth corridors, this exceptionally rare mixed-use property presents a unique opportunity to secure a character residence with approved commercial potential only moments from the CBD and the future Olympic precinct.
Occupying a prominent 235sqm allotment, the property combines timeless character charm with outstanding flexibility for residential, professional or live-work use. With approved DA plans already in place to convert the property into a Class 5 office with maximum GFA, the opportunity is ideally suited to business professionals, boutique agencies, consulting rooms, medical/allied health operators or creative studios seeking a high-exposure inner-city address.
The existing residence has been stylishly updated while retaining its traditional appeal, featuring high ceilings, leadlight windows, ornate fretwork and colonial-style architraves throughout. A spacious combined living and dining area is filled with natural light, complemented by a well-appointed kitchen, premium bathroom finishes, chandeliers, brass hardware and multiple new split-system air conditioners. Externally, the traditional shopfront façade creates a striking street presence, while the secure gated courtyard provides parking for two vehicles with app-controlled security cameras installed.
Located within walking distance to public transport, the Valley Station precinct, King Street dining and the RNA Showgrounds redevelopment, the property also benefits from proximity to major hospitals, elite schools and the transformative Victoria Park Olympic precinct for the 2032 Brisbane Olympics — positioning it at the centre of one of Brisbane’s most significant long-term infrastructure and growth stories.
Features include:
• Rare mixed-use inner-city opportunity on 235sqm
• Approved DA to convert to a Class 5 commercial office
• Flexible residential, commercial or live-work configuration
• Character features including high ceilings, fretwork and leadlight windows
• Spacious living/dining area with abundant natural light
• Well-equipped kitchen and quality bathroom finishes
• Chandeliers, brass hardware and split-system air conditioning
• Secure gated entry with parking for two vehicles
• App-controlled security camera system installed
• Traditional shopfront façade with fenced courtyard
• Walk to public transport and Fortitude Valley Station
• Near King Street precinct and RNA Showgrounds redevelopment
• Moments from the future Victoria Park Olympic precinct
• Close to Brisbane Grammar, Brisbane Girls Grammar, All Hallows’ and Gregory Terrace
• Near parks, hospitals and Brisbane Central State School

























