89A Grey St 4,263 SF 100% Leased Office Building South Brisbane, QLD 4101 For Sale

89 Grey Street, known as The Design Bank, offers a rare opportunity to acquire a freehold asset in one of Brisbane’s most dynamic city fringe precincts. Positioned on the prominent corner of Grey Street and Fish Lane, this two-level building combines historical significance with modern adaptability. Originally constructed for the Commonwealth Bank of Australia, the property was designed for strength and permanence, later evolving into a creative hub that played a key role in South Brisbane’s transformation.
The property’s PC1 zoning provides exceptional flexibility for future use, accommodating retail, office, medical, or residential development (STCA). Its commanding corner frontage ensures outstanding visibility, while its proximity to the Brisbane CBD—just a five-minute walk—offers unparalleled connectivity. With never-to-be-built-out views of the CBD and river, this asset is poised to benefit from the city’s ongoing growth and the global spotlight of the Brisbane 2032 Olympic Games. Offered with vacant possession for the first time in nearly 30 years, 89 Grey Street represents a multi-faceted opportunity for investors, developers, and owner-occupiers seeking a landmark property in a tightly held market.