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DESCRIPTION:VALUE-ADD INVESTMENT WITH SIGNIFICANT UPSIDE - PRIME ASHGROVE L
 OCATION\nAn appealing opportunity for investors seeking immediate holding 
 income\, value-add potential and longer-term strategic upside in one of Br
 isbane's established inner-city suburban locations.\n\nPositioned on promi
 nent Waterworks Road\, in the heart of inner-city Ashgrove and just 4km fr
 om the Brisbane CBD\, this multi-tenanted mixed retail and commercial inve
 stment presents an outstanding opportunity to secure a substantial landhol
 ding in a tightly held inner-city location.\n\nSet on a generous 1\,260sqm
  allotment\, the property comprises approximately 640sqm* Net Lettable are
 a of existing improvements across two levels\, providing diversified holdi
 ng income and an opportunity to unlock further value through refurbishment
 \, rental reversion\, and strategic repositioning. With a short-term holdi
 ng income\, the property offers incoming investors the flexibility to revi
 ew existing tenancies\, undertake targeted capital improvements and capita
 lise on the potential to increase rental income over time. Existing nation
 al tenants\, including Pizza Hut and Cash Converters\, provide an establis
 hed income base while future value-add strategies are explored. The substa
 ntial site also presents a potential longer-term redevelopment opportunity
 \, subject to relevant planning approvals\, with sought after DC1 (Distric
 t Centre) zoning providing an additional dimension to the investment propo
 sition.\n\nInvestment Highlights:\n• Prominent main-road exposure along 
 Waterworks Road\n• Prime Ashgrove location\, approximately 4km from the 
 Brisbane CBD\n• Substantial 1\,260sqm landholding\n• Sought after DC1 
 (District Centre) zoning\n• 640sqm* Net Lettable Area of existing improv
 ements over two levels\n• Multi-tenanted mixed retail and commercial inv
 estment\n• 27 onsite car parks including 14 undercover\n• Existing hol
 ding income offering rental reversion and repositioning potential\n• Est
 ablished national tenants including Pizza Hut and Cash Converters\n• Opp
 ortunity to refurbish and enhance income and capital value\n• Potential 
 future redevelopment upside\, subject to approvals\n• Surplus to owner r
 equirements - Will be Sold\n\nThe property will be sold via Auction held i
 n-rooms on Wednesday 25 November 2026\, starting 11am at Raine & Horne Com
 mercial - 337 Gympie Road\, Kedron (if not sold prior).\n\nFor further inf
 ormation or to arrange an inspection please do not hesitate to contact you
 r EXCLUSIVE Raine & Horne Commercial Agents.\n\n*Approximately \n\nListing
  ID: 1096628
DTEND:20261125T120000
DTSTAMP:20261015T011801Z
DTSTART:20261125T110000
LOCATION:Raine & Horne Commercial\, 337 Gympie Road\, Kedron
SEQUENCE:0
SUMMARY:Auction: 214 Waterworks Road\, Ashgrove QLD
UID:CRE-2021242689-Auction
X-ALT-DESC;FMTTYPE=text/html:<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2//EN"><html><head><t
 itle></title></head><body><P DIR=LTR>VALUE-ADD INVESTMENT WITH SIGNIFICANT
  UPSIDE - PRIME ASHGROVE LOCATION <br/> An appealing opportunity for inves
 tors seeking immediate holding income\, value-add potential and longer-ter
 m strategic upside in one of Brisbane's established inner-city suburban lo
 cations.\n <br/> \n <br/> Positioned on prominent Waterworks Road\, in the
  heart of inner-city Ashgrove and just 4km from the Brisbane CBD\, this mu
 lti-tenanted mixed retail and commercial investment presents an outstandin
 g opportunity to secure a substantial landholding in a tightly held inner-
 city location.\n <br/> \n <br/> Set on a generous 1\,260sqm allotment\, th
 e property comprises approximately 640sqm* Net Lettable area of existing i
 mprovements across two levels\, providing diversified holding income and a
 n opportunity to unlock further value through refurbishment\, rental rever
 sion\, and strategic repositioning. With a short-term holding income\, the
  property offers incoming investors the flexibility to review existing ten
 ancies\, undertake targeted capital improvements and capitalise on the pot
 ential to increase rental income over time. Existing national tenants\, in
 cluding Pizza Hut and Cash Converters\, provide an established income base
  while future value-add strategies are explored. The substantial site also
  presents a potential longer-term redevelopment opportunity\, subject to r
 elevant planning approvals\, with sought after DC1 (District Centre) zonin
 g providing an additional dimension to the investment proposition.\n <br/>
  \n <br/> Investment Highlights:\n <br/> • Prominent main-road exposure 
 along Waterworks Road\n <br/> • Prime Ashgrove location\, approximately 
 4km from the Brisbane CBD\n <br/> • Substantial 1\,260sqm landholding\n 
 <br/> • Sought after DC1 (District Centre) zoning\n <br/> • 640sqm* Ne
 t Lettable Area of existing improvements over two levels\n <br/> • Multi
 -tenanted mixed retail and commercial investment\n <br/> • 27 onsite car
  parks including 14 undercover\n <br/> • Existing holding income offerin
 g rental reversion and repositioning potential\n <br/> • Established nat
 ional tenants including Pizza Hut and Cash Converters\n <br/> • Opportun
 ity to refurbish and enhance income and capital value\n <br/> • Potentia
 l future redevelopment upside\, subject to approvals\n <br/> • Surplus t
 o owner requirements - Will be Sold\n <br/> \n <br/> The property will be 
 sold via Auction held in-rooms on Wednesday 25 November 2026\, starting 11
 am at Raine & Horne Commercial - 337 Gympie Road\, Kedron (if not sold pri
 or).\n <br/> \n <br/> For further information or to arrange an inspection 
 please do not hesitate to contact your EXCLUSIVE Raine & Horne Commercial 
 Agents.\n <br/> \n <br/> *Approximately \n <br/> \n <br/> Listing ID: 1096
 628</P></body></html>
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