A prime site in the heart of Brisbane’s Gasworks precinct has sold off-market for $22,000,000, setting a new record land rate for Newstead at $14,570* per sqm. A private investor has acquired the 9 Longland Street property, priced on a sharp initial yield of 1.89%.

The buyer plans to develop and retain the 1,510 sqm site, which is code assessable for a 10-storey building. Once completed, the project will add a new landmark to one of Brisbane’s most vibrant urban lifestyle and wellness precincts.

Located directly opposite the Total Fusion facility and Gasworks, and just a five-minute walk to James Street, the property occupies a prime position in Brisbane’s inner-north hub. This highly sought-after area is known for its connectivity, amenity, and strong demand profile.