Two adjoining commercial properties in Petrie Terrace have been brought to market, marking a rare opportunity within Brisbane’s well-established Caxton Street entertainment strip.
Rare Offering In Brisbane’s NRL Heartland
A tightly held section of Caxton Street in Petrie Terrace is entering a new phase, with 18–26 Caxton Street listed for sale after more than a decade. The offering brings together two adjoining freehold buildings positioned within one of the city’s most recognisable sporting and hospitality corridors.
Located approximately 160 metres from Suncorp Stadium, the site sits at the centre of a precinct long associated with major sporting events and high foot traffic. The strip continues to function as a focal point for pre- and post-event activity, alongside consistent trade as a food and beverage destination.
Dual Buildings With Immediate Flexibility
The Petrie Terrace property comprises two connected buildings with a combined net lettable area of 512 square metres, complemented by external seating space. One tenancy is secured by a long-standing food operator with a lease in place, while the adjoining building is offered with vacant possession.
The larger structure spans four levels and includes an existing liquor licence, providing scope for immediate activation. The property is also fitted with commercial-grade infrastructure, including kitchen facilities, service systems, and multiple bar areas, supporting a range of hospitality or entertainment uses.
Additional features include a self-contained space that can function as an office or residential component, offering further flexibility for future operators or investors.
Positioned For Continued Growth
The Petrie Terrace listing emerges amid ongoing investment activity across the Caxton Street precinct. Recent high-value transactions and new venue concepts have contributed to a broader shift, with the area evolving into a more expansive entertainment destination.
The site’s corner positioning provides strong exposure along Caxton Street, reinforced by a 24-metre frontage that enhances visibility and accessibility. Its zoning supports a mix of uses, aligning with the area’s established hospitality and leisure focus.
Limited Supply Driving Demand
Freehold opportunities of this scale remain limited within Petrie Terrace, particularly in locations with direct proximity to major event infrastructure. The combination of existing income, vacant space, and established foot traffic positions the property as a flexible asset suited to both owner-occupiers and investors.
Expressions of interest for the Petrie Terrace site are scheduled to close on May 21, reflecting the anticipated level of market interest in a precinct where availability remains constrained
Published 16-Apr-2026
