338 Waterworks RoadAshgrove QLD 4060
Property Details for 338 Waterworks Rd, Ashgrove
Last Listing description (August 2023)
C Property QLD are pleased to present an extremely rare opportunity to acquire a neighbourhood retail centre situated within one of Brisbane's most sought after locations.
338 Waterworks Road, Ashgrove offers a diverse income stream from food and beverage, retail and allied health tenants with a long history of occupation and trade.
Key features of the offering include;
- Prominent 1,841 sqm corner land facing Waterworks Road
- Current net income of $360,126* + GST
- Total net lettable area of 785sqm* with 36 on site car parks
- Income underpinned by strong mix of national and local tenants
- Rare chance to purchase a premium investment in a blue-ribbon suburb
- Situated just 5km* West from the Brisbane CBD
- Extremely well-established and low maintenance retail centre
The property is being offered for sale by private treaty.
Property History for 338 Waterworks Rd, Ashgrove, QLD 4060
- 28 Jun 2023Sold for $6,200,000
- 04 Apr 2023Listed for Sale Contact Agent
- 21 Dec 2018Listed for Sale Not Disclosed
Recent sales nearby
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About Ashgrove 4060
The size of Ashgrove is approximately 5.9 square kilometres. It has 33 parks covering nearly 17.2% of 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 5,679 properties. Over the last 5 years, Houses in Ashgrove have seen a 70.01% increase in median value, while Units have seen a 120.41% increase. As at 31 March 2026:
- The median value for Houses in Ashgrove is $1,981,259 while the median value for Units is $979,168.
- Houses have a median rent of $875 while Units have a median rent of $650.
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