225 Waterworks RoadAshgrove QLD 4060
Property Details for 225 Waterworks Rd, Ashgrove
Last Listing description (June 2021)
Situated in the heart of the Waterworks Road dining, entertainment and shopping precinct, this property is available now for immediate sale.
Currently trading as 'The Grove Establishment', this 3 level property features a restaurant with side walk bar, multiple seating areas plus a private dining / function space. There is also a separate lower ground bar that opens up onto an alfresco rear deck. This area can be accessed via it's own dedicated street entrance or the internal stairs.
605m2* approx. NLA over 3 levels
Dual street front entrances to both ground and lower ground
Commercial kitchen Grease trap / Exhaust hood
Cold room & post mix system in place
Alfresco rear deck area 'Beer garden'
Male & Female amenities
Liquor License available
Large spacious floor plan with future value add potential
Ability to lease ground floor restaurant & basement bar separately
High profile commercial site on busy Waterworks Road
Located next to Ashgrove Marketplace, this property has excellent exposure to Waterworks Road. With direct access to the CBD and major arterials, Ashgrove is a sought after location.
Please contact the Exclusive Marketing Agent Chris Esdale for further information and to schedule your inspection.
Property History for 225 Waterworks Rd, Ashgrove, QLD 4060
- 15 Jun 2021Sold for $1,550,000
- 11 May 2021Listed for Sale Contact Exclusive Agent
- 11 Jun 2019Sold for $1,000,000
Recent sales nearby
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0About Ashgrove 4060
The size of Ashgrove is approximately 5.9 square kilometres. There are 33 parks, covering nearly 17.2% of the total area. The population of Ashgrove in 2016 was 13039 people. By 2021 the population was 13450 showing a population growth of 3.2% in the area during that time. The predominant age group in Ashgrove is 10-19 years. Households in Ashgrove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashgrove work in a professional occupation.In 2021, 71.50% of the homes in Ashgrove were owner-occupied compared with 69.00% in 2016.
Ashgrove has 5,680 properties. Over the last 5 years, Houses in Ashgrove have seen a 56.25% increase in median value, while Units have seen a 121.76% increase. As at 31 May 2026:
- The median value for Houses in Ashgrove is $1,957,428 while the median value for Units is $1,011,519.
- Houses have a median rent of $900 while Units have a median rent of $635.
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