A commercial asset on MacGregor Terrace in Bardon has been sold to two local owners, with refurbishment and a new anchor tenant set to bring activity back to the long-idle site.
Combined MacGregor Terrace Asset Sold
The property at 63–65 MacGregor Terrace, Bardon, previously known as The Village Bardon, has changed hands for $12.875 million. The asset was sold as vacant possession to two local owners, with Blue Commercial brokering both the off-market sale and the leasing to an incoming tenant.
According to Blue Commercial and sale reports, the vacant commercial asset will be refurbished following the transaction. The site provides 32 car parks and sits at the highest point of MacGregor Terrace.
Background on 63 MacGregor Terrace
Separate property data for 63 Macgregor Terrace list the land size as 2,291 m², with a recorded sale in July 2025 for $9.35 million. Those records describe the holding as a house with one bathroom and no parking, while other sales and leasing material refer to the broader 63–65 MacGregor Terrace site as a commercial asset.
The property had been awaiting development approval and, due to unforeseen delays, had remained on hold and was starting to show signs of wear before the recent sale.
Former Village Bardon Uses and Leasing Campaign
Historically, the MacGregor Terrace site operated as a local retail hub under The Village Bardon branding. It supported a mix of retail, showroom, medical, dining and other commercial spaces, attracting a range of tenants.
Leasing material for 65 MacGregor Terrace marketed multiple tenancy sizes between 80 m² and 250 m², with options suitable for medical, office, retail and hospitality users. The campaign highlighted alfresco dining potential, undercover parking and a 25-metre street frontage. The building is opposite Bardon Central Shopping Centre and is serviced by bus stops directly in front of and across from the property, including high-frequency routes.
Role of Blue Commercial and Incoming Tenant
Blue Commercial has been closely involved in the redesign and pre-leasing of the proposed redevelopment at 63–65 MacGregor Terrace. The agency has secured and agreed terms with an incoming tenant intended to anchor the refreshed site and restore regular activity to the property.
The firm has also reported interest from owner-occupiers, developers and tenants who missed out on this particular transaction and are seeking similar opportunities in the area.
Bardon Location and Outlook
Bardon is located about five kilometres west of Brisbane’s CBD and is regarded as one of the city’s more sought-after suburbs.
Agents involved in the sale describe the MacGregor Terrace property as well-placed in a high-traffic area connecting Paddington and Ashgrove, offering strong exposure for future retail, medical and commercial occupants.
Published 6-Dec-2025
