Final private site in South Bank’s next chapter hits the market
It’s not often a property comes onto the market in Brisbane’s South Bank that beckons an investor to contribute to the city skyline, which is why 176 Monatgue Road is making waves.
Colliers Queensland has launched an expressions-of-interest campaign for the site, noting it is one of the last privately owned land parcels in South Bank. The prominent 1917-square-metre mixed-use site is earmarked for a 20-storey apartment tower with 190 residences.
It sits at the heart of Brisbane’s next-generation riverfront precinct, just 1.5 kilometres from the CBD and walking distance from West Village, Fish Lane, Melbourne Street and the South Bank cultural hub.
Opposite the former Visy industrial site, the address benefits from strong growth potential, with the Queensland government confirming plans to transform the area into a mixed-use precinct of 4000 new homes, parklands and entertainment venues.
Colliers Queensland chief executive Simon Beirne says interest is already strong, with the location poised to become a defining feature of Brisbane’s Olympic-era renewal.
“With almost all major land holdings along Montague Road already secured by developers and government for regeneration, this is the last chance for a buyer to enter the market before the rush,” Beirne says.
“The precinct will become one of Brisbane’s most liveable communities, just moments from the river. This is an opportunity to create a legacy project ahead of the 2032 Olympic and Paralympic Games.”
Concept plans by MAS Architecture envision a striking tower offering one, two and three-bedroom apartments designed to maximise panoramic city and river views. The property currently comprises a modern two-level creative office building with undercover parking for 21 cars. It’s tenanted by the Fitness & Lifestyle Group, which will provide strong holding income during the development planning phase.
Colliers Residential director Brendan Hogan says the project will address Brisbane’s chronic apartment undersupply, particularly in sought-after inner-city locations.
“New apartment supply in inner Brisbane remains severely constrained, and we expect price growth in this premium segment to continue,” Hogan says.
“Demand is strong for well-positioned residences, and this site gives a developer the chance to deliver something iconic.”
Colliers data shows off-the-plan prices in inner Brisbane have soared 147 per cent since 2020, rising from $816,000 to $2.015 million as of Q2 2025 – evidence of pent-up demand and the city’s growing appeal among interstate buyers and investors.
The site is being offered for sale via expressions of interest closing 4pm (AEST) on November 20.
