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