48/223 Padstow Road, Eight Mile Plains, QLD 4113 | Property Value & History | OnTheHouse
FOR RENT

48/223 Padstow Road
Eight Mile Plains QLD 4113

Bedrooms: -
Bathrooms: -
Car spaces: 42
Floor area: 918m2
Land area: 912m2
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Property Details for 48/223 Padstow Rd, Eight Mile Plains

Building Type
Commercial
Year Built
2002
Floor Size
918m2
Land Size
912m2
Local Government
Brisbane
Lot/Plan
48/SP157131

Last Listing description (June 2025)

Explore endless possibilities with this iconic Michael's Oriental Restaurant at 223 Padstow Road, Eight Mile Plains. This premium 912sqm space, featuring a covered front courtyard, presents a unique opportunity for your next business venture.

Located at the prime intersection of Padstow Road and Warrigal Road, this high-traffic location ensures excellent visibility with thousands of passing cars daily. The bustling Eight Mile Plains Shopping Centre is just across the road, alongside the popular 24-hour Bella's Fruit Market.

With its proximity to both Sunnybank and Underwood, the area is well-known for its diverse specialty cuisines and rich dining culture. Eight Mile Plains is home to major shopping centers and the Brisbane Technology Park, offering easy access to a wide range of food outlets and restaurants. This location is perfectly positioned to capitalize on the growing demand for varied culinary experiences in the southern suburbs of Brisbane.

Property Highlights:

43 exclusive car spaces for customers (24 undercover + 19 in common area of the Sunnybank Hotel & Apartment)
818sqm internal building area offering flexible usage
94sqm covered front courtyard, perfect for outdoor dining or events
Fully fitted with a commercial-grade kitchen and bar
Includes internal amenities, manager's office, cold rooms/freezers, and storage rooms
Less than 100m to State Route 56 Brisbane City Bus 150 on Warrigal Road
About 200m from Arcare Aged Care Eight Mile Plains
Multiple suitable uses (STCA) - endless business potential - restaurant, recreation entertainment retail, medical or allied health clinic, indoor children playground & cafe

Location Advantages:

Strategically located with easy access to the Pacific Motorway (M3) and Gateway Motorway (M1), offering seamless connections to Brisbane, the Gold Coast, Brisbane Airport, and key retail destinations like Sunnybank Plaza, Market Square, Warrigal Square, and Westfield Garden City.
Close proximity to key amenities such as shopping centres, public transport, and essential services, ensuring maximum convenience for businesses and their customers.
Eight Mile Plains is part of a growing region with some medium-density residential and commercial development like shopping centers, residential complexes including townhouses and units/apartments which becomes a popular area for families, businesses, and people who prefer being close to Brisbane City.
Eight Mile Plains, along with surrounding suburbs like Sunnybank and Underwood, is part of a vibrant, culturally diverse area in the southern part of Brisbane. These suburbs have gained a reputation for their specialty cuisines and eateries, making the region a popular destination for food lovers.

Don't miss out on this exceptional opportunity - make this iconic location the home of your next successful business venture!

Contact Cherie Remar on 0434 477 710 Today for Your Inspection!

Property History for 48/223 Padstow Rd, Eight Mile Plains, QLD 4113

A timeline of how this property has performed in the market
Last Sold
$3,700,000
15 Jan 2024
Listed for Rent
$6.90k/w
30 Apr 2025
  • 12 Nov 2024
    Listed for Rent - Price not available
  • 15 Jan 2024
    Sold for $3,700,000
  • 28 Sep 2022
    Listed for Sale Please Contact Agent
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About Eight Mile Plains 4113

The size of Eight Mile Plains is approximately 7.8 square kilometres. It has 31 parks covering nearly 16.0% of total area. The population of Eight Mile Plains in 2016 was 15322 people. By 2021 the population was 15326 showing a population growth of 0.0% in the area during that time. The predominant age group in Eight Mile Plains is 30-39 years. Households in Eight Mile Plains are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Eight Mile Plains work in a professional occupation.In 2021, 62.50% of the homes in Eight Mile Plains were owner-occupied compared with 62.80% in 2016.

Eight Mile Plains has 6,391 properties. Over the last 5 years, Houses in Eight Mile Plains have seen a 111.55% increase in median value, while Units have seen a 118.60% increase. As at 31 January 2026:

  • The median value for Houses in Eight Mile Plains is $1,645,486 while the median value for Units is $845,330.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 32 properties listed for sale, and 12 properties listed for rent in Eight mile plains on OnTheHouse. According to Cotality's data, 211 properties were sold in the past 12 months in Eight mile plains.

Suburb Insights for Eight Mile Plains 4113

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.