Positioned in the heart of the town's main commercial precinct and overlooking the Balonne River, this substantial multi-tenanted commercial building occupies a prominent 1,122m² freehold site and presents an exceptional opportunity for immediate uplift with new tenancies or for the smart players looking for solutions for short term accommodation - this could be it!

Already generating income from three established tenants — a gym, an NDIS service provider and a legal clinic — the property provides immediate cash flow from settlement. The real attraction, however, lies in the significant leasing upside. With approximately 15 additional suites available for occupation, purchasers have the opportunity to progressively increase rental income and unlock substantial value over time.

Held by the same ownership since 2002 and offered to the market for the first time in more than 20 years, this is one of St George's most significant commercial offerings. With no competing office buildings currently available for sale in town, the opportunity to secure a landmark asset of this nature is exceptionally rare.

Whether you're seeking a regional commercial investment with strong growth potential or a strategic business headquarters with income to offset holding costs, 88–90 Saint Georges Terrace deserves your attention.

Key Features

• 1,122m² freehold landholding in St George's premier commercial precinct
• Prominent multi-tenanted commercial building with river outlook
• Three established tenants providing immediate holding income
• Significant leasing upside with capacity for approximately 18 tenancies in total
• Opportunity for offering short term accommodation pending Balonne Council Approval
• Approximately 15 suites currently available to lease and grow returns
• Estimated fully leased gross income of approximately $155,000–$185,000 per annum*
• No identified flood or bushfire overlays
• Suitable for investors, or owner-occupiers
• First time offered for sale in over two decades

For Sale - Expressions of Interest Closing 22 July 2026