FOR SALE
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517 Milton Road
Petrie Terrace QLD 4000

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Iconic Fine Dining Brisbane Restaurant business available for lease

Phone enquiries - please quote property ID 23310.
If you've been waiting for a once-in-a-lifetime hospitality opportunity, this is surely it.
The Restaurant (seats up to 100) and is an icon of the Brisbane food scene. Initially established in 1989 it is incredibly well known, holding memories of happy times for many people.
Everything you could want is already here with a fully equipped high-end massive kitchen and tasteful fit-out.
The kitchen has absolutely everything required: new ovens, fridges, cryovac system, sous vide, and walk-in refrigeration. New Air conditioning is also installed in the kitchen to chill out any hot-headed chef.
Have you ever dreamed of working for yourself and running your own Restaurant? If you have then feast your eyes on a ready-to-go opportunity that should not be passed.
currently only open for corporate meetings and private events currently there is a massive opportunity for the restaurant to open up trade to the general public at all other times.
Location:
Only 5 kilometers from the CBD the location benefits from plentiful free on-street parking around the Business. More importantly, it is based outside the restricted Lang Park zone enforced when events are held at the Suncorp Stadium.
The Restaurant also has incredible street appeal and is exposed to a huge amount of passing traffic of over 44,000 PER DAY! and with easy free parking all around making the location, the perfect choice.
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Property Details for 517 Milton Rd, Petrie Terrace

Building Type
Commercial

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About Petrie Terrace 4000

The size of Petrie Terrace is approximately 0.3 square kilometres. It has 2 parks covering nearly 6.4% of total area. The population of Petrie Terrace in 2011 was 1,183 people. By 2016 the population was 1,134 showing a population decline of 4.1% in the area during that time. The predominant age group in Petrie Terrace is 20-29 years. Households in Petrie Terrace are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie Terrace work in a professional occupation. In 2011, 39.7% of the homes in Petrie Terrace were owner-occupied compared with 38.9% in 2016.

Petrie Terrace has 641 properties. Over the last 5 years, Houses in Petrie Terrace have seen a 57.07% increase in median value, while Units have seen a 1.86% increase. As at 31 August 2024:

  • The median value for Houses in Petrie Terrace is $1,310,951 while the median value for Units is $516,249.
  • Houses have a median rent of $750 while Units have a median rent of $420.
There are currently 3 properties listed for sale, and 4 properties listed for rent in Petrie terrace on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Petrie terrace.

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