Commercial Real Estate in Springfield, Ipswich & Brisbane West
Commercial Real Estate — Experts in Brisbane's Western Growth Corridor
Commercial Real Estate Springfield and Ipswich works differently to residential property. Yield, lease structure, outgoings, WALE, zoning, and tenant covenant matter more than the living room layout. At Equity Maxx Realty, our commercial division advises owners, investors, and occupiers across retail, office, industrial, and mixed-use property in Brisbane’s western growth corridor.
We work with business owners buying their first premises, investors building a commercial portfolio, and developers releasing new stock into the Springfield, Greater Flagstone, and Ripley growth areas.
"Develop Now or Landbank for Future in Cannon Hill Neighborhood!"
374 Richmond Road CANNON HILL QLDOffers Over 1.65 M
Description
374 Richmond Road, Cannon Hill — Premium Corner Site for Investors, Developers & Strategic Land-bankers
Positioned on a prominent 600m² corner block with dual frontage to Richmond Road and Favril Street, this corner block Cannon Hill property presents a rare opportunity for those looking to rent, develop, or landbank in a high-growth inner-east location. Offering excellent holding income and strong future development prospects (STCA), this site is perfectly suited to investors and developers seeking value and long-term upside.
We have clear instructions from our client: THIS PROPERTY MUST BE SOLD!
Calling Investors, first home buyers, large families and renovators! This is a big house with huge potential. If great value for money and location are important to you then look no further than this canvas for creativity.
Development Potential (STCA)
Option 1 - The wide corner frontage, good size block, and dual-street access make this property an outstanding development prospect. Opportunities include:
New single premium dwelling
Dual-occupancy or multi-dwelling possibilities (STCA)
Strategic landbank with strong future subdivision or redevelopment potential
Blocks of this size and position are tightly held and rarely become available.
Option 2 – Knock Down & Build Two New Homes (STCA) or Renovation Project
Developers can take advantage of the block’s shape, topography, and corner position to create two modern homes — ideal for resale or high-yield rental properties.
High-Demand Lifestyle Location
Directly opposite Seven Hills Bushland Reserve, this location attracts consistent interest from future buyers and tenants. Everything is moments away:
Cannon Hill Plaza
Morningside & Cannon Hill Train Stations
Local cafés and dining
Westfield Carindale
Camp Hill Marketplace
Minnippi Golf Course
Martha Street dining precinct
Oxford Street, Bulimba
Just 9.9 km to Brisbane CBD, this position ensures long-term growth and strong ongoing demand.
Strong Future Buyer & Tenant Appeal
Located within the Cannon Hill State School and Balmoral State High School catchments, and close to CHAC, Lourdes Hill College and Saint Oliver Plunkett — further enhancing future desirability.
A Rare, High-Value Opportunity with versatile development options, excellent rental prospects, and major lifestyle drawcards, this property is a smart acquisition for any serious investor or developer.
Contact us today to secure this exceptional inner-east opportunity.
Disclaimer:
Equity Maxx Real Estate has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.
Disclaimer:
Equity Maxx Real Estate has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.
Specifications
Agent
Jinal Patel
Ujas Patel
Our Commercial Services
Commercial Real Estate For Sale
Commercial real estate for sale, including retail shops, office suites, industrial sheds, warehouse units, and mixed-use buildings. Full marketing campaigns through commercial realestate.com.au, realcommercial.com.au, direct investor networks, and off-market circulation to qualified buyers.
Commercial Leasing
Representation for landlords leasing vacant premises and for tenants looking for new commercial space. We draft heads of agreement, negotiate lease terms (rent, incentives, term, options, outgoings), and coordinate the full commercial lease document preparation with your solicitor.
Commercial Property Management
Outgoings reconciliation, rent reviews (CPI, market, and fixed), maintenance coordination, lease renewals, and tenant liaison. Commercial management demands a different skill set to residential — we bring it.
Investment Advisory
Advisory for investors looking to deploy capital into Brisbane's western commercial corridor. We analyse yield, WALE, tenant covenant, lease structure, building condition, and exit strategy for every opportunity.
Property Types We Handle
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Retail
Neighbourhood shopping centres, strip retail in Springfield Central and Goodna, medical suites, food and beverage tenancies, and specialty retail. -
Office
Strata office suites, whole-floor professional space, medical consulting rooms, and small-business offices — particularly in the Springfield Central and Orion precincts. -
Industrial
Warehouse units, industrial sheds, logistics facilities, and owner-occupier industrial property in Carole Park, Gailes, Redbank, and the wider Ipswich industrial corridor. -
Mixed-Use & Development Sites
Sites zoned for mixed-use development, childcare centre sites, service station sites, and infill development opportunities across the corridor.
Why Use Equity Maxx for Commercial Real Estate
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Local Market Intelligence
We track every commercial real estate transaction, new lease, and development application across Springfield, Greater Flagstone, Greater Ripley, and Ipswich. That data informs every recommendation we make — not guesswork. -
Full-Service End-to-End
From first site inspection to signed lease or settled contract, one team handles your transaction. We liaise directly with your commercial real estate solicitor, accountant, and financier. -
Transparent, Performance-Based Fees
Clear fee agreements upfront. No opaque 'incentive rebates' or hidden commissions — you see every dollar.
Frequently Asked Questions
What is the difference between commercial and residential real estate?
Commercial real estate includes any property used for business purposes — offices, retail, industrial, warehouses — while residential real estate includes homes, units, and townhouses used for living. Commercial transactions are governed by different legislation (the Property Law Act and Retail Shop Leases Act in Queensland), use different lease structures, and are valued on yield rather than comparable sales.
What is a good yield for commercial property in Queensland?
Commercial yields vary significantly by property type and location. As a general guide in 2025-2026, well-located strip retail in Brisbane’s western corridor trades at yields of 5.5% to 6.5%, industrial property at 5.5% to 7%, and suburban office at 6.5% to 8%. Lower yields typically reflect stronger tenant covenants and longer lease terms.
What is WALE and why does it matter?
WALE stands for Weighted Average Lease Expiry — it measures the average remaining lease term across all tenants in a property, weighted by rent paid. A longer WALE (e.g., 7+ years) indicates income security, which typically supports a lower yield and higher property value. A shorter WALE means more leasing risk but potentially more upside if tenants renew at higher rents.
Do I need a Retail Shop Leases Act lease?
The Retail Shop Leases Act 1994 (Qld) applies to most retail leases under 1,000 square metres where the tenant’s use is on a prescribed list of retail businesses. It imposes specific disclosure and protection requirements on the landlord. We can help you identify whether the Act applies and structure the lease accordingly.
Can you help me find commercial premises for my business?
Yes. Our tenant representation service sources suitable premises based on your business brief (size, zoning, budget, location), inspects and shortlists options, negotiates the lease on your behalf, and coordinates fit-out planning. We act exclusively for you as tenant — not the landlord.
What are the key areas for commercial property in Brisbane's western corridor?
Springfield Central and Orion are the strongest for office and retail. Carole Park, Gailes, and Redbank are the industrial corridor. Goodna and Redbank Plains have strong neighbourhood retail and medical demand. Greater Flagstone and Greater Ripley are growth-zone development corridors with strong future potential.