Retail, 224 Waterworks Road, Ashgrove, Qld 4060

CBRE is pleased to exclusively offer to the market 224 Waterworks Road, Ashgrove QLD 4060, for sale via Investment Portfolio Auction 188.

This opportunity has the following investment highlights:

+ Five (5) year lease to Unplugged Yoga to 2029, plus one (1) further five (5) year option to 2034
+ Highly desirable, fixed 3% annual rental increases, guaranteeing strong rental growth
+ Contracted rental uplift of $12,287 with the current landlord-funded rental abatement expiring in February 2028, increasing income to the full-face rental
+ Lease supported by a personal guarantee and a three (3) month security deposit, providing additional security and enhanced income protection for investors
+ Tightly held 304sqm* freehold Ashgrove site with direct frontage to Waterworks Road, a major Brisbane thoroughfare that connects Northwestern suburbs to the CBD       (160,000+ vehicles passing daily)
+ Unplugged Yoga: a respected lifestyle and wellness tenant, attracting a dedicated customer following through its premium yoga offering, inclusive studio culture and strong     local community engagement
+ Well-presented 165sqm* building in an established health & wellbeing hub, adjoining Goodlife Health Hub (90+ locations) & Studio Pilates (120+ locations)
+ Located in a premier metro Brisbane retail precinct, directly across from Ashgrove Shopping Village, anchored by Woolworths, Coles & Aldi and supported by 30+ specialty      retailers
+ Surrounded by a premium metro Brisbane residential catchment, with 240,000+ residents and 97,000+ dwellings within a 5km* (10 minute) radius, supporting the strong             trade of the tenant^
+ Ashgrove: Highly affluent Brisbane Suburb with a median housing price of $2,000,000, 120% above the Australia average^^
+ Brisbane: home of the 2032 Olympics & third largest city in Australia, with a population forecast to grow by 28% to 3.288 million residents by 2035^^^
+ Net Income: $43,958 pa* + GST 

To be sold via Portfolio Auction
10:30am AEST Thursday 29 October 2026
Level 3, Waterfront Place, Brisbane City

Please contact the exclusively appointed sales team for more information.

*Approx
^GapMaps 
^^Realestate.com
^^^QLD Gov