As one of Brisbane’s most historically significant addresses, Ascot is well-known for having a unique blend of houses and architecture that exude charm and sophistication. Racecourse Road is the area’s original promenade, shopping street and dining hub, and today, it is still a bustling commercial centre. Thanks to the recent completion of Racecourse Village Shopping Centre, the suburb is continuing to offer its residents unrivalled amenity and convenience.With old grand homes on large blocks of land, the area has drawn increased investment in recent times, offering alternative residential options for those wanting to remain in the area. Heritage buildings and historic sites dot the suburb, combining with the new to create a suburb where contemporary melds with classical charm.Contemporary residential offerings sit alongside classical homes in Ascot.Since 1863, Eagle Farm Racecourse has called this area home – with the name Ascot given to the suburb as a tongue-in-cheek reference to Ascot in England and its prestigious Ascot racecourse.It’s no surprise then, that the Brisbane Racing Club in particular, has been an integral part of the community for more than 153 years. Nearly 10 years ago, the club made the decision to invest $1.2 billion in the redevelopment of its land around the Eagle Farm and Doomben Racecourses.Its masterplan to build a shopping centre, a sports club and hotel, childcare services, a retirement and aged care facility as well as residential offerings, has further cemented Ascot’s reputation as a premier place to live.Brisbane Racing Club has invested in the redevelopment of the area surrounding Eagle Farm Racecourse.The recent completion of Ascot House – the first stage of the prestigious Ascot Green residential development undertaken by Mirvac – has already drawn significant interest from local buyers.Mirvac Queensland’s general manager of residential development, Warwick Bible, says the first stage of Ascot Green is Ascot House, offering one, two and three-bedroom apartments overlooking Eagle Farm Racecourse.It’s attracting buyers from the local area and surrounds who come from big family homes and want to downsize without compromising on space, style or privacy.“With 90 apartments in Ascot House, the building is geared towards owner-occupiers, as a premium has been placed on ensuring apartments are oversized and with extensive communal facilities for residents to enjoy,” Bible says.Ascot House’s trackside location and incredible amenities has drawn interest from local buyers.He says being trackside means residents benefit from expansive green outlooks, with each apartment designed with oversized balconies.Another drawcard for prospective buyers is the newly opened, $40 million Racecourse Village Shopping Centre, featuring a major supermarket and 18 specialty retail outlets, including alfresco dining and medical services.“Ascot Green residents benefit from the amazing lifestyle amenities on their doorstep including the restaurant-lined Racecourse Rd and the new Racecourse Village retail precinct a mere 700m away,” Bible says.Residents of Ascot House can downsize without compromising on space or style.The Racecourse Rd precinct is packed with an eclectic range of businesses, eateries and services providers. It stretches from Hamilton at the Brisbane River to Eagle Farm racecourse and hosts markets, race day parties, festivals and all manner of community-minded events.Brisbane Racing Club chairman Neville Bell says he’s already seen a visible uplift in visitors to the area, and believes the completion of Ascot House has set the precedent for additional investment in the area.All images supplied by Mirvac.